Australia and Oceania: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Australia and Oceania

The market for coniferous wood in the rough in Australia and Oceania contracted to $X in 2022, flattening at the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Australia and Oceania

In value terms, coniferous wood in the rough production shrank to $X in 2022 estimated in export price. Over the period under review, production posted mild growth. The pace of growth was the most pronounced in 2015 with an increase of 101% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Exports of Coniferous Wood In The Rough

Exports in Australia and Oceania

In 2022, after four years of growth, there was decline in overseas shipments of coniferous wood in the rough, when their volume decreased by -1.9% to X cubic meters. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2016 with an increase of 35%. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports expanded slightly to $X in 2022. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2018 when exports increased by 108% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Papua New Guinea (X cubic meters), together recording 100% of total export.

Papua New Guinea was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of -29.7% from 2012 to 2022. While the share of Papua New Guinea (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) also remains the largest coniferous wood in the rough supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Papua New Guinea amounted to -27.9%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, rising by 6.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 100%. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.

From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +2.5% per year.

Imports of Coniferous Wood In The Rough

Imports in Australia and Oceania

In 2022, overseas purchases of coniferous wood in the rough decreased by -7.4% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 54% against the previous year. Over the period under review, coniferous wood in rough imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coniferous wood in the rough imports shrank to $X in 2022. Overall, imports, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2014 when imports increased by 69%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Palau dominates imports structure, reaching X cubic meters, which was approx. 73% of total imports in 2022. Marshall Islands (X cubic meters) ranks second in terms of the total imports with an 8.1% share, followed by Kiribati (5%). New Caledonia (X cubic meters), Tonga (X cubic meters), Cook Islands (X cubic meters) and Samoa (X cubic meters) followed a long way behind the leaders.

Imports into Palau increased at an average annual rate of +17.9% from 2012 to 2022. At the same time, Cook Islands (+79.8%), Marshall Islands (+48.9%), Kiribati (+40.1%), New Caledonia (+12.8%) and Samoa (+8.1%) displayed positive paces of growth. Moreover, Cook Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +79.8% from 2012-2022. By contrast, Tonga (-22.2%) illustrated a downward trend over the same period. While the share of Palau (+70 p.p.), Marshall Islands (+8.1 p.p.), Kiribati (+4.9 p.p.), New Caledonia (+3.6 p.p.), Cook Islands (+2.4 p.p.) and Samoa (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tonga (-3 p.p.) displayed negative dynamics.

In value terms, Palau ($X), New Caledonia ($X) and Samoa ($X) were the countries with the highest levels of imports in 2022, together comprising 72% of total imports. These countries were followed by Marshall Islands, Kiribati, Tonga and Cook Islands, which together accounted for a further 8.2%.

Marshall Islands, with a CAGR of +46.2%, recorded the highest rates of growth with regard to the value of imports, among 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 Australia and Oceania amounted to $X per cubic meter, almost unchanged from the previous year. Overall, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2013 when the import price increased by 546% against the previous year. The level of import peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per cubic meter), while Cook Islands ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+15.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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