Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (FOB) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (CIF) - 2022
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (FOB) - 2022
The average export price for wood stood at $32 per cubic meter in 2022, flattening at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($40 per cubic meter), while the average price for exports to South Korea ($19 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (CIF) - 2022
In 2020, the average import price for wood amounted to $81 per cubic meter, declining by -29.7% against the previous year. In general, the import price showed a sharp slump. Over the period under review, average import prices reached the maximum at $304 per cubic meter in 2017; however, from 2018 to 2020, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($292 per cubic meter), while the price for Switzerland ($15 per cubic meter) was amongst the lowest.
From 2017 to 2020, the most notable rate of growth in terms of prices was attained by France (+0.4%).
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in shipments abroad of wood, which increased by 8.7% to 38K cubic meters in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of wood rose remarkably to $1.2M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 307 | 624 | 981 | 1,065 | 51.4% |
| Kuwait | 4.2 | 18.9 | 34.3 | 52.4 | 131.9% |
| South Korea | 71.0 | 84.7 | 40.5 | 39.2 | -18.0% |
| Qatar | 3.3 | 3.4 | 25.5 | 23.9 | 93.5% |
| Saudi Arabia | 35.3 | 7.3 | 2.5 | 14.2 | -26.2% |
| Malaysia | N/A | 69.1 | N/A | N/A | 0% |
| Others | 6.6 | 7.6 | 12.7 | 11.9 | 21.7% |
| Total | 427 | 815 | 1,096 | 1,206 | 41.4% |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from Sri Lanka in 2022:
- Oman (32.0K cubic meters)
- South Korea (2.1K cubic meters)
- Kuwait (1.7K cubic meters)
- Saudi Arabia (0.6K cubic meters)
- Qatar (0.6K cubic meters)
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka
Imports of wood into Sri Lanka skyrocketed to 61 cubic meters in 2020, picking up by 144% on the previous year's figure. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wood skyrocketed to $5K in 2020. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| France | 0.9 | 3.0 | 233.3% | ||
| Vietnam | N/A | 1.7 | 0% | ||
| Singapore | N/A | 0.3 | 0% | ||
| Bulgaria | 0.9 | N/A | 0% | ||
| South Korea | 1.1 | N/A | 0% | ||
| Switzerland | N/A | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.9 | 5.0 | 72.4% | ||
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to Sri Lanka in 2022:
- Vietnam (40.0 cubic meters)
- France (19.0 cubic meters)
- Switzerland (1.0 cubic meters)
- Singapore (1.0 cubic meters)
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