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

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

In 2021, the Asian market for saw logs and veneer logs (coniferous) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of saw logs and veneer logs (coniferous) contracted to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Asia

In 2021, the amount of saw logs and veneer logs (coniferous) exported in Asia contracted to X cubic meters, which is down by -10.7% against the previous year. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports of reached the peak figure at X cubic meters in 2020, and then fell in the following year.

In value terms, exports of saw logs and veneer logs (coniferous) soared to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by 68% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Japan dominates (coniferous) structure, resulting at X cubic meters, which was near 88% of total exports in 2021. It was distantly followed by Singapore (X cubic meters), creating a 5.9% share of total exports. Kyrgyzstan (X cubic meters) took a minor share of total exports.

Exports from Japan increased at an average annual rate of +21.3% from 2012 to 2021. At the same time, Singapore (+70.0%) and Kyrgyzstan (+38.8%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +70.0% from 2012-2021. From 2012 to 2021, the share of Japan, Singapore and Kyrgyzstan increased by +38, +5.7 and +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest saw logs and veneer logs (coniferous) supplier in Asia, comprising 92% of total exports. The second position in the ranking was taken by Singapore ($X), with a 3.8% share of total exports.

In Japan, exports of saw logs and veneer logs (coniferous) expanded at an average annual rate of +31.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+71.1% per year) and Kyrgyzstan (+47.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per cubic meter, surging by 45% against the previous year. Export price indicated a strong increase 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. The growth pace was the most rapid in 2017 when the export price increased by 46%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per cubic meter), while Kyrgyzstan ($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

Imports of saw logs and veneer logs (coniferous) expanded notably to X cubic meters in 2021, picking up by 11% on the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of saw logs and veneer logs (coniferous) surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 prevails in (coniferous) structure, finishing at X cubic meters, which was near 78% of total imports in 2021. Japan (X cubic meters) ranks second in terms of the total imports with an 8.1% share, followed by South Korea (4.8%). 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, 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. China (+13 p.p.), India (+4.4 p.p.) and Hong Kong SAR (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Japan and South Korea saw its share reduced by -8.3% and -9.9% from 2012 to 2021, respectively.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +8.6%. 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 stood at $X per cubic meter in 2021, surging by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2017 when the import price increased by 41% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: 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

Frequently Asked Questions (FAQ) :