Australia: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Australia

In 2022, the Australian sawnwood (coniferous) market increased by 19% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed prominent growth. Sawnwood (coniferous) consumption peaked in 2022 and is expected to retain growth in years to come.

Sawnwood (Coniferous) Production in Australia

In value terms, sawnwood (coniferous) production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 25%. Sawnwood (coniferous) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Sawnwood (Coniferous) Exports

Exports from Australia

In 2022, shipments abroad of sawnwood (coniferous) decreased by -75.4% to X cubic meters, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 when exports increased by 39%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (coniferous) exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X cubic meters), Malaysia (X cubic meters) and New Zealand (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Australia, with a combined 72% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +21.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for sawnwood (coniferous) exported from Australia were Taiwan (Chinese) ($X), Malaysia ($X) and New Zealand ($X), together accounting for 72% of total exports.

Among the main countries of destination, New Zealand, with a CAGR of +11.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, rising by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per cubic meter) and South Korea ($X per cubic meter), while the average price for exports to New Zealand ($X per cubic meter) and Malaysia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Australia

In 2022, purchases abroad of sawnwood (coniferous) increased by 249,590% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

Germany (X cubic meters), Lithuania (X cubic meters) and New Zealand (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Australia, with a combined 50% share of total imports. Sweden, Estonia, the Czech Republic, Canada and India lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +203.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (coniferous) suppliers to Australia were Germany ($X), Lithuania ($X) and New Zealand ($X), with a combined 50% share of total imports. Sweden, Estonia, the Czech Republic, Canada and India lagged somewhat behind, together comprising a further 31%.

Sweden, with a CAGR of +195.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, picking up by 38% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2014 an increase of 157%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per cubic meter) and New Zealand ($X per cubic meter), while the price for Sweden ($X per cubic meter) and Germany ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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