Eastern Asia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Eastern Asia

The East Asian industrial roundwood (non-coniferous) market dropped to $X in 2022, with a decrease of -4.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Eastern Asia

In value terms, industrial roundwood (non-coniferous) production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Eastern Asia

After five years of decline, shipments abroad of industrial roundwood increased by 1.4% to X cubic meters in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports contracted to $X in 2022. In general, exports, however, saw a significant decrease. The growth pace was the most rapid in 2014 with an increase of 61%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

Exports by Country

In 2022, China (X cubic meters), distantly followed by Hong Kong SAR (X cubic meters), Japan (X cubic meters) and Taiwan (Chinese) (X cubic meters) were the main exporters of industrial roundwood, together creating 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest industrial roundwood (non-coniferous) supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together accounting for 82% of total exports.

Among the main exporting countries, China, with a CAGR of +8.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per cubic meter in 2022, waning by -11% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by 49%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Eastern Asia

In 2022, industrial roundwood (non-coniferous) imports in Eastern Asia shrank markedly to X cubic meters, waning by -28.6% on 2021. Overall, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 37% against the previous year. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports amounted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of (non-coniferous) imports remained at a lower figure.

Imports by Country

The countries with the highest levels of industrial roundwood (non-coniferous) imports in 2022 were China (X cubic meters), together resulting at 97% of total import.

China was also the fastest-growing in terms of the industrial roundwood imports, with a CAGR of -1.3% from 2012 to 2022. China (+5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial roundwood in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per cubic meter, rising by 40% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (non-coniferous) import price increased by +54.4% against 2020 indices. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.9% per year.

Source: IndexBox Platform

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