Eastern Asia: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Eastern Asia

In 2022, the East Asian wood flat pallet market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Wood Flat Pallet Production in Eastern Asia

In value terms, wood flat pallet production contracted to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021, and then fell modestly in the following year.

Wood Flat Pallet Exports

Exports in Eastern Asia

In 2022, the amount of flat pallets and pallet collars of wood exported in Eastern Asia soared to X units, increasing by X% on 2021 figures. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood flat pallet exports surged to $X in 2022. Over the period under review, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X units), achieving a X% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the flat pallets and pallet collars of wood exports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest wood flat pallet supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports in Eastern Asia

After five years of growth, purchases abroad of flat pallets and pallet collars of wood decreased by X% to X units in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X units in 2021, and then fell notably in the following year.

In value terms, wood flat pallet imports totaled $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units), South Korea (X units), Hong Kong SAR (X units) and Japan (X units) was the main importer of flat pallets and pallet collars of wood in Eastern Asia, making up X% of total import. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per unit) and Japan ($X per unit), while Hong Kong SAR ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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