South-Eastern Asia: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in South-Eastern Asia

For the sixth year in a row, the Southeast Asian market for coniferous wood in the rough recorded growth in sales value, which increased by 0.3% to $X in 2021. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Production of Coniferous Wood In The Rough in South-Eastern Asia

In value terms, coniferous wood in the rough production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Coniferous Wood In The Rough

Exports in South-Eastern Asia

In 2021, overseas shipments of coniferous wood in the rough decreased by -7.5% to X cubic meters, falling for the sixth consecutive year after four years of growth. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports skyrocketed to $X in 2021. Overall, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 27%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Lao People's Democratic Republic dominates exports structure, recording X cubic meters, which was approx. 91% of total exports in 2021. It was distantly followed by Singapore (X cubic meters), generating a 5.9% share of total exports.

Exports from Lao People's Democratic Republic increased at an average annual rate of +23.9% from 2012 to 2021. At the same time, Singapore (+58.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +58.4% from 2012-2021. From 2012 to 2021, the share of Lao People's Democratic Republic and Singapore increased by +80 and +5.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) remains the largest coniferous wood in the rough supplier in South-Eastern Asia, comprising 98% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Lao People's Democratic Republic stood at +47.1%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2021, increasing by 27% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2016 when the export price increased by 27% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Singapore amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+18.8%).

Imports of Coniferous Wood In The Rough

Imports in South-Eastern Asia

For the seventh year in a row, South-Eastern Asia recorded decline in supplies from abroad of coniferous wood in the rough, which decreased by -8% to X cubic meters in 2021. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 14%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, coniferous wood in the rough imports contracted modestly to $X in 2021. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 48% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X cubic meters) represented the key importer of coniferous wood in the rough, constituting 73% of total imports. Singapore (X cubic meters) took the second position in the ranking, followed by Thailand (X cubic meters). All these countries together took near 20% share of total imports. Indonesia (X cubic meters) and the Philippines (X cubic meters) held a minor share of total imports.

Vietnam was also the fastest-growing in terms of the coniferous wood in the rough imports, with a CAGR of -12.4% from 2012 to 2021. Indonesia (-19.1%), Singapore (-19.8%), the Philippines (-23.1%) and Thailand (-28.2%) illustrated a downward trend over the same period. Vietnam (+32 p.p.) significantly strengthened its position in terms of the total imports, while the Philippines, Singapore and Thailand saw its share reduced by -2%, -2.7% and -24.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported coniferous wood in the rough in South-Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Singapore, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at -7.7%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-18.2% per year) and Singapore (-11.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per cubic meter, with an increase of 6.2% against the previous year. Overall, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 70%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Philippines ($X per cubic meter), while Singapore ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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