Market research

Wood in the rough market in Hong Kong

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Hong Kong wood in the rough market expanded sharply in 2019, with market volume reaching 128 583 t, driven by rising consumer demand for personalized and eco-friendly wood products which boosted import flows. This growth was abruptly reversed in 2020 when the COVID-19 pandemic caused severe labor shortages at overseas sawmills and disrupted global supply chains, slashing imports and reducing the market volume to 51 594 t.

After the pandemic shock, the market stabilized at a lower level between 2021 and 2023, with volumes hovering around 46 000–50 000 t. A prolonged downturn in the real estate construction sector weighed on demand, while tighter environmental policies, including a ban on commercial logging of natural forests, constrained domestic supply and maintained reliance on imports. In 2023, stable shipments from New Zealand helped nudge the market volume up slightly to 48 017 t.

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 Hong Kong
  1. 5.1.1. Annual dynamics of production in Hong Kong in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Hong Kong 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, t
  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, t
  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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wood in the rough in Hong Kong

In kind, 2017-2020, t

Top producers of wood in the rough, 2017-2020

Source: SHEV.io

World map of production of wood in the rough, 2017-2020

Source: SHEV.io

Hong Kong's production of wood in the rough has declined for three consecutive years. In 2020, the territory produced 50 735 tonnes, representing a 1.5% decrease from the previous year. Over the 2017-2020 period, production fell by 4.5%, with an average annual decline of 1.5%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.5%)	(1.5%)	(1.5%)	(1.5%)

Source: SHEV.io

In value, 2017-2020, K $ US

After two years of decline, Hong Kong's wood in the rough production value increased in 2020. Output was valued at 11 393 thousand US dollars, marking a 6.1% year-on-year rise. However, over the 2017-2020 period, production value decreased by 36.3%, with an average annual decline of 13.9%. The lowest value was recorded in 2019 at 10 735 thousand US dollars, while the largest decline occurred in 2018 at 26.3%.

Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(26.3%)	(18.5%)	6.1%	(13.9%)

Source: SHEV.io

Exports wood in the rough from Hong Kong

Exports in kind, t

Export volumes showed significant volatility during this period. Exports reached their lowest point in 2020 at 1 437 tonnes, which was 89.6% lower than the previous year. The highest level was recorded in 2017, with exports in 2020 being 17 times smaller. The largest increase occurred in 2019 at 26.7%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(54.8%)	26.7%	(89.6%)	(60.9%)

Source: SHEV.io

From 2017 to 2020, China was the dominant buyer of Hong Kong's wood in the rough, accounting for 94.4% of total export volumes.

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

Source: SHEV.io

World map of product's exports from Hong Kong in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Export values exhibited considerable volatility during these years. In 2020, Hong Kong exported 323 thousand US dollars worth of wood in the rough, representing an 88.8% decrease from 2019. The peak value was recorded in 2017, with 2020 exports being 25 times smaller. The largest increase occurred in 2019 at 4.8%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(66.1%)	4.8%	(88.8%)	(65.8%)

Source: SHEV.io

Between 2017 and 2020, Hong Kong's wood in the rough exports in value terms were almost entirely directed to China, which accounted for 94.6% of total export flows.

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

Source: SHEV.io

World map of product's exports from Hong Kong in value, 2017-2020

Source: SHEV.io

Imports wood in the rough to Hong Kong

Imports in kind, t

Import volumes displayed irregular patterns, reflecting a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2019 at 90 853 tonnes, representing an 85-fold difference between these years. In 2020, Hong Kong imported {value_last_year} tonnes of wood in the rough, marking a steep 97.5% decline from 2019. The largest increase was recorded in 2018 at 3 771.4%.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3 771.4%	119.9%	(97.5%)	29.1%

Source: SHEV.io

From 2017 to 2020, India played the leading role in Hong Kong's wood in the rough imports by volume, accounting for 88.4% of total flows, with the remainder distributed among other partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Import values showed irregular changes, indicating a volatile market environment. The minimum value was recorded in 2020 at 1 057 thousand US dollars, while the maximum occurred in 2019 at 31 500 thousand US dollars, representing a 30-fold difference. The 2020 figure reflected a steep 96.6% decline from the previous year. The largest increase was recorded in 2019 at 686.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(82.4%)	686.8%	(96.6%)	(64.1%)

Source: SHEV.io

Between 2017 and 2020, India dominated Hong Kong's wood in the rough imports in value terms, absorbing 80.7% of total flows, with numerous minor partners accounting for the remainder.

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

Source: SHEV.io

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

Source: SHEV.io