ASEAN: Wood Residues Market 2024

Wood Residues Market Size in ASEAN

In 2020, the ASEAN wood residues market increased by X% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, saw a pronounced shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain momentum.

Wood Residues Production in ASEAN

In value terms, wood residues production expanded remarkably to $X in 2020 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production failed to regain momentum.

Wood Residues Exports

Exports in ASEAN

In 2020, the amount of wood residues exported in ASEAN totaled X cubic meters, with an increase of X% on 2019. Total exports indicated a prominent expansion from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, wood residues exports rose to $X in 2020. The total export value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam prevails in exports structure, reaching X cubic meters, which was approx. X% of total exports in 2020. It was distantly followed by Malaysia (X cubic meters), making up a X% share of total exports. Thailand (X cubic meters) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2020. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2020. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2020, respectively.

In value terms, Vietnam ($X) remains the largest wood residues supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Vietnam, wood residues exports increased at an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2020, the export price in ASEAN amounted to $X per cubic meter, waning by X% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Wood Residues Imports

Imports in ASEAN

In 2020, the amount of wood residues imported in ASEAN declined to X cubic meters, with a decrease of X% on the previous year's figure. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2020, imports failed to regain momentum.

In value terms, wood residues imports reached $X in 2020. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

Thailand was the main importing country with an import of around X cubic meters, which amounted to X% of total imports. Singapore (X cubic meters) held the second position in the ranking, distantly followed by Myanmar (X cubic meters). All these countries together took near X% share of total imports. Malaysia (X cubic meters) and Brunei Darussalam (X cubic meters) took a minor share of total imports.

From 2012 to 2020, average annual rates of growth with regard to wood residues imports into Thailand stood at X%. At the same time, Myanmar (X%), Brunei Darussalam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2020. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Singapore, Myanmar, Brunei Darussalam and Malaysia increased by X, X, X and X percentage points, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported wood residues in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2020, the import price in ASEAN amounted to $X per cubic meter, with an increase of X% against the previous year. Import price indicated temperate growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2020, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Singapore ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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