Asia: Wood Barrel Market 2024

Wood Barrel Market Size in Asia

The Asian wood barrel market rose to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Wood Barrel Production in Asia

In value terms, wood barrel production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Wood Barrel Exports

Exports in Asia

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood exported in Asia fell to X units, dropping by X% on the previous year's figure. Total exports indicated a perceptible increase 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood barrel exports reduced dramatically to $X in 2022. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of casks, barrels, vats, tubs, and coopers products of wood, namely China, Thailand and Vietnam, represented more than two-thirds of total export. It was distantly followed by Japan (X units), creating a X% share of total exports. The following exporters - India (X units), Turkey (X units) and Bahrain (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood barrel supplying countries in Asia were Vietnam ($X), China ($X) and Japan ($X), with a combined X% share of total exports. Thailand, Turkey, India and Bahrain lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Wood Barrel Imports

Imports in Asia

In 2022, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a strong increase 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, wood barrel imports expanded notably to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Japan (X units) represented the main importer of casks, barrels, vats, tubs, and coopers products of wood, achieving X% of total imports. It was distantly followed by China (X units), generating a X% share of total imports. India (X units), Israel (X units), Bahrain (X units) and Taiwan (Chinese) (X units) held a minor share of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), China (X%), Taiwan (Chinese) (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. China (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while India and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), India and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, recorded 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 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%. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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