Price for Wood; Shingles and Shakes in Thailand - 2023

Contents:

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

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

The average wood; shingles and shakes import price stood at $1,479 per ton in 2022, shrinking by -9% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. The import price peaked at $1,626 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($2,334 per ton), while the price for Guyana ($740 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average wood; shingles and shakes export price amounted to $2,303 per ton, surging by 153% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 289% against the previous year. As a result, the export price reached the peak level of $4,300 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($3,076 per ton), while the average price for exports to Maldives totaled $2,277 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+65.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood; Shingles and Shakes in Thailand

In 2022, the amount of wood; shingles and shakeses imported into Thailand soared to 1.5K tons, rising by 60% compared with 2021 figures. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 99.9%. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood; shingles and shakes imports surged to $2.2M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. China (836.1 tons)
2. Canada (551.8 tons)
3. Guyana (113.1 tons)

Exports of Wood; Shingles and Shakes in Thailand

In 2022, the amount of wood; shingles and shakeses exported from Thailand shrank dramatically to 7.8 tons, waning by -19.8% compared with the previous year. In general, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 727% against the previous year.

In value terms, wood; shingles and shakes exports surged to $18K in 2022. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 215%.

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

1. Maldives (7.6 tons)
2. Nigeria (0.2 tons)

Source: IndexBox Market Intelligence Platform