Australia and Oceania: Spruce Wood Market 2020

Spruce Wood Market Size in Australia and Oceania

The revenue of the spruce wood market in Australia and Oceania amounted to $X in 2017, going up by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2014, when market value increased by X% year-to-year. Over the period under review, the spruce wood market attained its peak figure level in 2017, and is likely to continue its growth in the near future.

Spruce Wood Production in Australia and Oceania

In 2017, the amount of spruce wood produced in Australia and Oceania amounted to X cubic meters, remaining stable against the previous year. The spruce wood production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. The volume of spruce wood production peaked in 2017, and is expected to retain its growth in the immediate term.

Spruce Wood Exports in Australia and Oceania

The exports stood at X cubic meters in 2017, remaining constant against the previous year. The spruce wood exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when exports increased by X% y-o-y. Over the period under review, the spruce wood exports reached its maximum volume of X cubic meters in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, spruce wood exports amounted to $X in 2017. The spruce wood exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Spruce Wood Exports by Country in Australia and Oceania

New Zealand was the key exporting country with an export of around X cubic meters, which amounted to X% of total exports. It was distantly followed by Australia (X cubic meters), constituting X% share of total exports.

New Zealand experienced a relatively flat trend pattern of spruce wood exports. Australia (-X%) illustrated a downward trend over the same period. While the share of Australia (X%) and New Zealand (X%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest spruce wood supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in New Zealand was relatively modest.

Spruce Wood Export Prices by Country in Australia and Oceania

The spruce wood export price in Australia and Oceania stood at $X per cubic meter in 2017, approximately mirroring the previous year. The spruce wood export price continues to indicate a mild growth. The pace of growth appeared the most rapid in 2014, an increase of X% y-o-y. In that year, the export prices for spruce wood attained their peak level of $X per cubic meter. From 2015 to 2017, growth of the export prices for spruce wood stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was New Zealand ($X per cubic meter), while Australia ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by New Zealand (+X% per year).

Spruce Wood Imports in Australia and Oceania

The imports stood at X cubic meters in 2017, going up by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the spruce wood imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2010, when imports increased by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, spruce wood imports totaled $X in 2017. The spruce wood imports continue to indicate a relatively flat trend pattern. In that year, the spruce wood imports reached their peak level of $X. From 2011 to 2017, growth of the spruce wood imports stood at a somewhat lower level.

Spruce Wood Imports by Country in Australia and Oceania

Australia was the major importing country with an import of about X cubic meters, which finished at X% of total imports. It was distantly followed by New Zealand (X cubic meters) and French Polynesia (X cubic meters), together generating X% share of total imports. The following importers - Samoa (X cubic meters), Tonga (X cubic meters) and New Caledonia (X cubic meters) each reached a X% share of total imports.

Imports into Australia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Tonga (+X%), New Zealand (+X%), Samoa (+X%) and New Caledonia (+X%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest growing importer in Australia and Oceania, with a CAGR of +X% from 2007-2017. French Polynesia experienced a relatively flat trend pattern. While the share of Tonga (-X%), Australia (-X%) and New Zealand (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spruce wood in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global imports. It was followed by French Polynesia, with a X% share.

In Australia, spruce wood imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and French Polynesia (-X% per year).

Spruce Wood Import Prices by Country in Australia and Oceania

The spruce wood import price in Australia and Oceania stood at $X per cubic meter in 2017, reducing by -X% against the previous year. The spruce wood import price continues to indicate a perceptible drop. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. The level of import price peaked of $X per cubic meter in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Australia ($X per cubic meter), while French Polynesia ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Caledonia (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform