ASEAN: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in ASEAN

The ASEAN industrial roundwood market expanded sharply to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Industrial Roundwood Production in ASEAN

In value terms, industrial roundwood production expanded remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Industrial Roundwood Exports

Exports in ASEAN

In 2023, approx. X cubic meters of industrial roundwood were exported in ASEAN; reducing by X% against the previous year's figure. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, industrial roundwood exports stood at $X in 2023. In general, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia dominates exports structure, recording X cubic meters, which was approx. X% of total exports in 2023. It was distantly followed by Cambodia (X cubic meters) and Lao People's Democratic Republic (X cubic meters), together mixing up a X% share of total exports. Singapore (X cubic meters) held a minor share of total exports.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%), Singapore (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.), Cambodia (X p.p.), Lao People's Democratic Republic (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest industrial roundwood supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Singapore ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood Imports

Imports in ASEAN

After two years of growth, overseas purchases of industrial roundwood decreased by X% to X cubic meters in 2023. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2022, and then dropped in the following year.

In value terms, industrial roundwood imports reduced to $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of industrial roundwood imports in 2023 were Vietnam (X cubic meters) and Lao People's Democratic Republic (X cubic meters), together reaching X% of total import.

From 2012 to 2023, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%).

In value terms, Vietnam ($X) constitutes the largest market for imported industrial roundwood in ASEAN, comprising X% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per cubic meter, dropping by X% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Lao People's Democratic Republic totaled $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%).

Source: IndexBox Platform