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

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

In 2022, the Asian market for saw logs and veneer logs (non-coniferous) decreased by -1.2% to $X for the first time since 2015, thus ending a six-year rising trend. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

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

In value terms, production of saw logs and veneer logs (non-coniferous) dropped modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,643%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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

Exports in Asia

In 2022, the amount of saw logs and veneer logs (non-coniferous) exported in Asia declined sharply to X cubic meters, which is down by -49.1% against 2021. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. The volume of export peaked 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 markedly to $X in 2022. In general, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia prevails in (non-coniferous) structure, recording X cubic meters, which was near 61% of total exports in 2022. Cambodia (X cubic meters) took a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by India (5.1%) and Lao People's Democratic Republic (4.9%). Myanmar (X cubic meters), Turkey (X cubic meters), Vietnam (X cubic meters), Thailand (X cubic meters) and China (X cubic meters) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to saw logs and veneer logs (non-coniferous) exports from Malaysia stood at -13.3%. At the same time, Turkey (+51.9%), Lao People's Democratic Republic (+19.7%), Thailand (+18.0%), India (+14.1%), China (+11.9%) and Cambodia (+4.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +51.9% from 2012-2022. By contrast, Vietnam (-25.9%) and Myanmar (-47.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Cambodia, India, Lao People's Democratic Republic, Turkey, Thailand and China increased by +53, +7.6, +5.1, +4.9, +3.8, +2.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in Asia, comprising 67% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with an 11% share of total exports. It was followed by Cambodia, with a 5.4% share.

In Malaysia, exports of saw logs and veneer logs (non-coniferous) contracted by an average annual rate of -10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+32.2% per year) and Cambodia (-3.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, picking up by 44% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Turkey ($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 Lao People's Democratic Republic (+10.4%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, the amount of saw logs and veneer logs (non-coniferous) imported in Asia fell markedly to X cubic meters, which is down by -24.8% compared with 2021. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. Over the period under review, imports of attained the maximum at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) shrank to $X in 2022. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X cubic meters) was the main importer of saw logs and veneer logs (non-coniferous), committing 76% of total imports. Vietnam (X cubic meters) took the second position in the ranking, followed by India (X cubic meters). All these countries together took near 16% share of total imports. Malaysia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to saw logs and veneer logs (non-coniferous) imports into China stood at -1.3%. 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, with a CAGR of +19.6% from 2012-2022. By contrast, India (-14.2%) illustrated a downward trend over the same period. China (+11 p.p.), Vietnam (+6.3 p.p.) and Malaysia (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -15% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Asia, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with an 8.2% share of total imports. It was followed by Vietnam, with a 7% share.

In China, imports of saw logs and veneer logs (non-coniferous) remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-15.3% per year) and Vietnam (+0.3% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2022, rising by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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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