Market research

Non coniferous roundwood market in Maldives

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for non-coniferous roundwood in the Maldives showed significant variability from 2018 to 2023, moving between 16,603 m³ and 18,477 m³. This fluctuation was primarily driven by volatile import levels, which spiked to 1,964 m³ in 2019, contributing to a market peak, then fell sharply in subsequent years. Domestic production provided a stable foundation, growing gradually from 16,437 m³ to 16,834 m³ over the same period.

By 2024, the market structure was characterized by the active presence of established local timber companies such as Timber Trade Pvt Ltd, Timber House Pvt Ltd, and Ego Timber. These players maintained supply chains for timber products, with no major changes reported in legislation, policy, or consumer preferences that would disrupt the market for non-coniferous roundwood.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Maldives
  1. 5.1.1. Annual dynamics of production in Maldives in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Maldives in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Maldives in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Maldives by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Maldives in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Maldives by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Maldives, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Maldives by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Maldives in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Maldives by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Maldives in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Maldives by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Maldives, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Maldives by countries, 2018-2024, $ US/m³
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, m³
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, m³
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production non coniferous roundwood in Maldives

In kind, 2017-2020, m³

Top producers of non coniferous roundwood, 2017-2020

Source: SHEV.io

World map of production of non coniferous roundwood, 2017-2020

Source: SHEV.io

Maldives saw its non-coniferous roundwood production rise for the third year in a row. In 2019, production remained virtually unchanged, and in 2020, the country produced 16 589 m³ of non-coniferous roundwood, showing little change from the previous year.

Annual dynamics of production in Maldives in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.5%	0.5%	0.5%	0.5%

Source: SHEV.io

Exports non coniferous roundwood from Maldives

According to market reports, Maldives did not export any non-coniferous roundwood from 2017 through 2020.

Imports non coniferous roundwood to Maldives

Imports in kind, m³

The data shows irregular changes, pointing to a volatile market environment. Import levels fluctuated significantly, with a 263-fold difference between the low in 2020 and the high in 2017. In 2019, imports surged by 282.1%, marking the largest increase. However, in 2020, Maldives imported only about 14 m³ of non-coniferous roundwood, reflecting a sharp decline of 99.3% compared to 2019.

Annual dynamics of product's imports to Maldives in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(86.0%)	282.1%	(99.3%)	(84.4%)

Source: SHEV.io

From 2017 to 2020, China and New Zealand were the primary sources for imports in kind, together accounting for 82.0% of total flows, while other partners played much smaller roles individually.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Maldives in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market exhibited volatility during the observed period. There was a 69-fold swing from the peak in 2019 to the trough in 2020. In 2019, import value reached a maximum of 666.7 K $ US, with the largest increase recorded at 238.0%. By 2020, however, Maldives's non-coniferous roundwood import value dropped to 9.6 K $ US, showing a decline of 98.6% compared to the previous year.

Annual dynamics of product's imports to Maldives in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(60.7%)	238.0%	(98.6%)	(73.2%)

Source: SHEV.io

Between 2017 and 2020, China, Singapore, and New Zealand were the top contributors to imports in value terms. China accounted for 51.0%, Singapore for 23.1%, and New Zealand for 8.8% of imports, collectively making up 82.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Maldives in value, 2017-2020

Source: SHEV.io