Asia-Pacific: Market for Saw Logs And Veneer Logs (Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Coniferous) in Asia-Pacific

After two years of decline, the Asia-Pacific market for saw logs and veneer logs (coniferous) increased by 22% to $X in 2021. The market value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Saw Logs And Veneer Logs (Coniferous) in Asia-Pacific

In value terms, production of saw logs and veneer logs (coniferous) fell to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 46%. Over the period under review, production of reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Asia-Pacific

Exports of saw logs and veneer logs (coniferous) reached X cubic meters in 2021, increasing by 8.5% compared with the previous year. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +6.3% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 33%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of saw logs and veneer logs (coniferous) soared to $X in 2021. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand dominates (coniferous) structure, reaching X cubic meters, which was approx. 94% of total exports in 2021. The following exporters - Japan (X cubic meters) and Australia (X cubic meters) - each reached a 6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to saw logs and veneer logs (coniferous) exports from New Zealand stood at +8.2%. At the same time, Japan (+21.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.3% from 2012-2021. By contrast, Australia (-5.7%) illustrated a downward trend over the same period. While the share of New Zealand (+4.9 p.p.) and Japan (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-6.1 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest saw logs and veneer logs (coniferous) supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was taken by Japan ($X), with a 4% share of total exports.

In New Zealand, exports of saw logs and veneer logs (coniferous) increased at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+31.1% per year) and Australia (-0.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per cubic meter, increasing by 76% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per cubic meter), while Australia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in Asia-Pacific

Imports of saw logs and veneer logs (coniferous) expanded markedly to X cubic meters in 2021, increasing by 11% on 2020. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, imports of saw logs and veneer logs (coniferous) skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates (coniferous) structure, reaching X cubic meters, which was approx. 79% of total imports in 2021. Japan (X cubic meters) took the second position in the ranking, followed by South Korea (X cubic meters). All these countries together took near 13% share of total imports. India (X cubic meters) and Hong Kong SAR (X cubic meters) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to saw logs and veneer logs (coniferous) imports into China stood at +6.1%. At the same time, India (+71.4%) and Hong Kong SAR (+48.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +71.4% from 2012-2021. By contrast, Japan (-3.9%) and South Korea (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and Hong Kong SAR increased by +13, +4.4 and +2.4 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in Asia-Pacific, comprising 81% of total imports. The second position in the ranking was held by Japan ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 5% share.

In China, imports of saw logs and veneer logs (coniferous) increased at an average annual rate of +8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.7% per year) and South Korea (-0.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per cubic meter in 2021, increasing by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 an increase of 42%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per cubic meter), while Hong Kong SAR ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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