Australia and Oceania: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Australia and Oceania

The sawnwood (coniferous) market in Australia and Oceania skyrocketed to $X in 2022, with an increase of 146% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in Australia and Oceania

In value terms, sawnwood (coniferous) production totaled $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Sawnwood (Coniferous) Exports

Exports in Australia and Oceania

In 2022, approx. X cubic meters of sawnwood (coniferous) were exported in Australia and Oceania; dropping by -68.4% compared with the previous year's figure. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (coniferous) exports declined dramatically to $X in 2022. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

New Zealand prevails in exports structure, amounting to X cubic meters, which was near 97% of total exports in 2022. Australia (X cubic meters) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the sawnwood (coniferous) exports, with a CAGR of -5.3% from 2012 to 2022. Australia (-15.5%) illustrated a downward trend over the same period. New Zealand (+5.9 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -5.9% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest sawnwood (coniferous) supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by Australia ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled -3.3%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, picking up by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 when the export price increased by 29% against the previous year. 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per cubic meter), while Australia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.9%).

Sawnwood (Coniferous) Imports

Imports in Australia and Oceania

Sawnwood (coniferous) imports soared to X cubic meters in 2022, with an increase of 21,618% against the year before. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X cubic meters) represented the major importer of sawnwood (coniferous), committing 63% of total imports. It was distantly followed by New Zealand (X cubic meters), mixing up a 34% share of total imports. French Polynesia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by New Zealand (with a CAGR of +147.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported sawnwood (coniferous) in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +137.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+109.6% per year) and French Polynesia (+134.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2022, jumping by 151% against the previous year. In general, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per cubic meter), while New Zealand ($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 French Polynesia (+6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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