South-Eastern Asia: Spruce Wood Market 2020

Spruce Wood Market Size in South-Eastern Asia

The revenue of the spruce wood market in South-Eastern Asia amounted to $X in 2017, standing approx. at the previous year. The spruce wood consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. In that year, the spruce wood market reached their peak level of $X. From 2013 to 2017, growth of the spruce wood market stood at a somewhat lower level.

Spruce Wood Production in South-Eastern Asia

In 2017, approx. X cubic meters of spruce wood were produced in South-Eastern Asia; stabilizing at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the spruce wood production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Spruce Wood Exports in South-Eastern Asia

In 2017, exports of spruce wood in South-Eastern Asia amounted to X cubic meters, going up by X% against the previous year. The spruce wood exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, with an increase of X% against the previous year. Over the period under review, the spruce wood exports attained its maximum volume of X cubic meters in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, spruce wood exports amounted to $X in 2017. The spruce wood exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Spruce Wood Exports by Country in South-Eastern Asia

Malaysia represented the key exporting country with an export of around X cubic meters, which recorded X% of total exports. The Philippines (X cubic meters) occupied the second position in the ranking, followed by Cambodia (X cubic meters) and Indonesia (X cubic meters). All these countries together held approx. X% share of total exports. Vietnam (X cubic meters), Singapore (X cubic meters) and Lao People's Democratic Republic (X cubic meters) held the slight share of total exports.

From 2007 to 2017, average annual rates of growth with regard to spruce wood exports from Malaysia stood at +X%. At the same time, the Philippines (+X%), Singapore (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Vietnam (-X%), Indonesia (-X%) and Lao People's Democratic Republic (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Lao People's Democratic Republic and Indonesia increased by X% and X% percentage points, while Singapore (-X%), Malaysia (-X%), Cambodia (-X%) and the Philippines (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest spruce wood supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by Cambodia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Malaysia amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Cambodia (+X% per year).

Spruce Wood Export Prices by Country in South-Eastern Asia

The spruce wood export price in South-Eastern Asia stood at $X per cubic meter in 2017, therefore, remained relatively stable against the previous year. The spruce wood export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. Over the period under review, the export prices for spruce wood attained its peak figure level of $X per cubic meter in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Vietnam ($X per cubic meter), while Singapore ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Spruce Wood Imports in South-Eastern Asia

The imports stood at X cubic meters in 2017, increasing by X% against the previous year. The total imports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, spruce wood imports amounted to $X in 2017. The spruce wood imports continue to indicate a remarkable increase. Over the period under review, the spruce wood imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Spruce Wood Imports by Country in South-Eastern Asia

Vietnam was the major importer of spruce wood in South-Eastern Asia, with the volume of imports recording X cubic meters, which was approx. X% of total imports in 2017. It was distantly followed by Thailand (X cubic meters), Malaysia (X cubic meters) and Indonesia (X cubic meters), together achieving X% share of total imports. The Philippines (X cubic meters) occupied the slight share of total imports.

Vietnam was also the fastest growing in terms of the spruce wood imports, with a CAGR of +X% from 2007 to 2017. At the same time, Thailand (+X%) and Malaysia (+X%) displayed positive paces of growth. By contrast, Indonesia (-X%) and the Philippines (-X%) illustrated a downward trend over the same period. While the share of the Philippines (X%) and Indonesia (X%) increased significantly in terms of the global imports from 2007-2017, the share of Malaysia (-X%), Thailand (-X%) and Vietnam (-X%) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported spruce wood in South-Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Vietnam totaled +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Indonesia (-X% per year).

Spruce Wood Import Prices by Country in South-Eastern Asia

The spruce wood import price in South-Eastern Asia stood at $X per cubic meter in 2017, going down by -X% against the previous year. The spruce wood import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the import prices increased by X% against the previous year. Over the period under review, the import prices for spruce wood attained its maximum level of $X per cubic meter in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Indonesia ($X per cubic meter) and Vietnam ($X per cubic meter), while Thailand ($X per cubic meter) and Malaysia ($X per cubic meter) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform