Price for Wood; Statuettes and Other Ornaments of Wood in Australia - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Australia (CIF) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Australia (FOB) - 2022
- Imports of Wood; Statuettes and Other Ornaments of Wood in Australia
- Exports of Wood; Statuettes and Other Ornaments of Wood in Australia
Price for Wood; Statuettes and Other Ornaments of Wood in Australia (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $7,424 per ton, which is down by -6.1% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 86% against the previous year. The import price peaked at $7,903 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($7,538 per ton) and China ($7,538 per ton), while the price for Vietnam ($6,665 per ton) and Indonesia ($7,128 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Australia (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $9,291 per ton, with an increase of 2.3% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. Over the period under review, the average export prices reached the maximum at $16,036 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($10,039 per ton) and South Korea ($9,504 per ton), while the average price for exports to the United States ($8,060 per ton) and Malaysia ($8,189 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Statuettes and Other Ornaments of Wood in Australia
In 2022, the amount of wood; statuettes and other ornaments of wood imported into Australia contracted to 1.5K tons, declining by -10.7% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of 1.7K tons, and then dropped in the following year.
In value terms, imports of wood; statuettes and other ornaments of wood reduced markedly to $11M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of $13M, and then reduced remarkably in the following year.
Import of Wood; Statuettes and Other Ornaments of Wood in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.3 | 5.1 | 7.7 | 6.5 | 7.0% |
Indonesia | 2.1 | 1.7 | 2.0 | 1.7 | -6.8% |
India | 1.0 | 1.1 | 1.7 | 1.5 | 14.5% |
Italy | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Vietnam | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Others | 1.1 | 0.8 | 1.3 | 1.0 | -3.1% |
Total | 9.9 | 9.0 | 13.3 | 11.2 | 4.2% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Australia in 2022:
- China (861.5 tons)
- Indonesia (241.1 tons)
- India (194.8 tons)
- Vietnam (35.3 tons)
- Italy (27.0 tons)
Exports of Wood; Statuettes and Other Ornaments of Wood in Australia
In 2022, overseas shipments of wood; statuettes and other ornaments of wood decreased by -32.6% to 34 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 187%. As a result, the exports attained the peak of 51 tons, and then reduced markedly in the following year.
In value terms, exports of wood; statuettes and other ornaments of wood shrank remarkably to $317K in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 164% against the previous year. As a result, the exports attained the peak of $460K, and then shrank markedly in the following year.
Export of Wood; Statuettes and Other Ornaments of Wood in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 60.3 | 32.7 | 214 | 147 | 34.6% |
New Zealand | 23.5 | 55.1 | 104 | 71.7 | 45.0% |
United States | 99.5 | 43.9 | 40.7 | 41.6 | -25.2% |
United Kingdom | 8.5 | 7.7 | 48.9 | 33.6 | 58.1% |
Singapore | 0.7 | 2.6 | 18.8 | 12.9 | 164.1% |
Malaysia | 0.1 | 8.9 | 9.9 | 6.8 | 308.2% |
Others | 23.3 | 23.7 | 23.1 | 3.2 | -48.4% |
Total | 216 | 175 | 460 | 317 | 13.6% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Australia in 2022:
- South Korea (15.5 tons)
- New Zealand (7.1 tons)
- United States (5.2 tons)
- United Kingdom (3.8 tons)
- Singapore (1.4 tons)
- Malaysia (0.8 tons)
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