Price for Wood; Shingles and Shakes in China - 2023

Contents:

1. Price for Wood; Shingles and Shakes in China (FOB) - 2022
2. Price for Wood; Shingles and Shakes in China (CIF) - 2022
3. Exports of Wood; Shingles and Shakes in China
4. Imports of Wood; Shingles and Shakes in China

Price for Wood; Shingles and Shakes in China (FOB) - 2022

In 2022, the average wood; shingles and shakes export price amounted to $741 per ton, dropping by -34.6% against the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2016 when the average export price increased by 52%. As a result, the export price reached the peak level of $1,766 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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 South Korea ($1,863 per ton), while the average price for exports to Mongolia ($19 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wood; Shingles and Shakes in China (CIF) - 2022

In 2022, the average wood; shingles and shakes import price amounted to $959 per ton, growing by 162% against the previous year. In general, the import price, however, recorded a abrupt descent. Over the period under review, average import prices reached the maximum at $2,249 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +57.7% per year.

Exports of Wood; Shingles and Shakes in China

In 2022, overseas shipments of wood; shingles and shakeses decreased by -50.4% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 84%.

In value terms, wood; shingles and shakes exports contracted sharply to $9.4M in 2022. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year.

Top Export Markets for Wood; Shingles and Shakes from China in 2022:

1. United States (4.5K tons)
2. Thailand (4.2K tons)
3. Mongolia (1.0K tons)
4. Maldives (0.9K tons)
5. Vietnam (0.9K tons)
6. Canada (0.5K tons)

Imports of Wood; Shingles and Shakes in China

Wood; shingles and shakes imports into China dropped remarkably to 67 tons in 2022, with a decrease of -80.1% on the previous year's figure. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 2,111%. As a result, imports attained the peak of 336 tons, and then contracted rapidly in the following year.

In value terms, wood; shingles and shakes imports dropped rapidly to $64K in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,035%. As a result, imports attained the peak of $123K, and then reduced sharply in the following year.

Top Suppliers of Wood; Shingles and Shakes to China in 2022:

1. Japan (67.0 tons)

Source: IndexBox Market Intelligence Platform