Asia-Pacific: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

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

In 2022, after six years of growth, there was decline in the Asia-Pacific market for saw logs and veneer logs (non-coniferous), when its value decreased by -1.3% to $X. The market value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then dropped slightly in the following year.

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

In value terms, production of saw logs and veneer logs (non-coniferous) contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,587%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports in Asia-Pacific

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were exported in Asia-Pacific; falling by -7% compared with the year before. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 1.4%. Over the period under review, the exports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) contracted modestly to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea was the main exporter of saw logs and veneer logs (non-coniferous) in Asia-Pacific, with the volume of exports reaching X cubic meters, which was near 52% of total exports in 2022. It was distantly followed by Solomon Islands (X cubic meters), Malaysia (X cubic meters) and Australia (X cubic meters), together generating a 42% share of total exports. New Zealand (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Solomon Islands ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 89% of total exports. Australia and New Zealand lagged somewhat behind, together accounting for a further 4.9%.

Among the main exporting countries, New Zealand, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per cubic meter, with an increase of 5.2% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for saw logs and veneer logs (non-coniferous) increased by +34.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 28%. The level of export peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Australia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports in Asia-Pacific

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were imported in Asia-Pacific; falling by -25.5% against the year before. In general, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of 32%. Over the period under review, imports of attained the peak figure at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) declined to $X in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China was the largest importing country with an import of about X cubic meters, which amounted to 77% of total imports. Vietnam (X cubic meters) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by India (6.2%). Malaysia (X cubic meters) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, Malaysia (+19.6%) and Vietnam (+7.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +19.6% from 2012-2022. By contrast, India (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam and Malaysia increased by +11, +6.5 and +2.1 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Asia-Pacific, comprising 81% of total imports. The second position in the ranking was taken by India ($X), with an 8.3% share of total imports. It was followed by Vietnam, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: India (-15.3% per year) and Vietnam (+0.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per cubic meter in 2022, with an increase of 26% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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