Australia: Market for Saw Logs And Veneer Logs (Coniferous) 2024

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

In 2021, the Australian 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. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Australia

In value terms, production of saw logs and veneer logs (coniferous) rose sharply to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 decreased by -22.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Australia

In 2021, shipments abroad of saw logs and veneer logs (coniferous) decreased by -76.3% to X cubic meters for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by 38%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) declined markedly to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 56%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

India (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Australia, with a 61% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to India exceeded the volume sent to the second major destination, South Korea (X cubic meters), twofold. Vietnam (X cubic meters) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +187.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.2% per year) and Vietnam (+134.9% per year).

In value terms, India ($X), South Korea ($X) and Vietnam ($X) appeared to be the largest markets for saw logs and veneer logs (coniferous) exported from Australia worldwide, together accounting for 94% of total exports. China and Thailand lagged somewhat behind, together accounting for a further 4%.

In terms of the main countries of destination, Thailand, with a CAGR of +257.7%, saw the highest rates of growth with regard to 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

The average export price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, increasing by 47% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.7% 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.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Australia

In 2021, overseas purchases of saw logs and veneer logs (coniferous) were finally on the rise to reach X cubic meters after two years of decline. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 2,571%. Imports peaked 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. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, New Zealand (X cubic meters) was the main supplier of saw logs and veneer logs (coniferous) to Australia, accounting for a 96% share of total imports. It was followed by South Africa (X cubic meters), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from New Zealand stood at +71.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-2.9% per year) and the United States (-27.0% per year).

In value terms, New Zealand ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Australia, comprising 91% of total imports. The second position in the ranking was taken by South Africa ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand amounted to +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-19.3% per year) and the United States (-26.5% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, with an increase of 10% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The pace of growth was the most pronounced in 2013 an increase of 472%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per cubic meter), while the price for the United States ($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 the United States (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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