Eastern Asia: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Eastern Asia

In 2023, after two years of growth, there was significant decline in the East Asian industrial roundwood market, when its value decreased by X% to $X. In general, consumption, however, showed a deep setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Industrial Roundwood Production in Eastern Asia

In value terms, industrial roundwood production reduced notably to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2022, and then contracted rapidly in the following year.

Industrial Roundwood Exports

Exports in Eastern Asia

In 2023, after two years of decline, there was significant growth in shipments abroad of industrial roundwood, when their volume increased by X% to X cubic meters. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, industrial roundwood exports rose modestly to $X in 2023. Overall, exports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Japan (X cubic meters) represented the key exporter of industrial roundwood in Eastern Asia, creating X% of total export.

Japan was also the fastest-growing in terms of the industrial roundwood exports, with a CAGR of X% from 2012 to 2023. Japan (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, Japan ($X) also remains the largest industrial roundwood supplier in Eastern Asia.

In Japan, industrial roundwood exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per cubic meter, dropping by X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2023, the rate of growth in terms of prices for Japan amounted to X% per year.

Industrial Roundwood Imports

Imports in Eastern Asia

Industrial roundwood imports soared to X cubic meters in 2023, with an increase of X% compared with 2022 figures. In general, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, industrial roundwood imports contracted slightly to $X in 2023. Overall, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, resulting at X cubic meters, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X cubic meters) and South Korea (X cubic meters), together achieving a X% share of total imports.

China was also the fastest-growing in terms of the industrial roundwood imports, with a CAGR of X% from 2012 to 2023. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial roundwood in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per cubic meter, with a decrease of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while South Korea ($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 South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform