Australia: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Australia

The Australian sawnwood (non-coniferous) market contracted to $X in 2022, falling by -5.6% against the previous year. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Australia

In value terms, sawnwood (non-coniferous) production declined to $X in 2022 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Australia

In 2022, overseas shipments of sawnwood (non-coniferous) decreased by -34.5% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports saw a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sawnwood (non-coniferous) exports shrank to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2017 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X cubic meters), China (X cubic meters) and Malaysia (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Australia, together accounting for 69% of total exports. Vietnam, Japan, Indonesia, the United States, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (non-coniferous) exported from Australia were Malaysia ($X), China ($X) and New Zealand ($X), together accounting for 70% of total exports. Vietnam, the United States, Indonesia, South Korea, Japan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Vietnam, with a CAGR of +18.3%, saw the highest growth rate of 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 sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, picking up by 33% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

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

Sawnwood (Non-Coniferous) Imports

Imports into Australia

For the third consecutive year, Australia recorded growth in overseas purchases of sawnwood (non-coniferous), which increased by 15% to X cubic meters in 2022. In general, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2020 with an increase of 39%. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports soared to $X in 2022. Overall, imports, however, showed a pronounced descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X cubic meters), Brazil (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Australia, together comprising 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +63.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (non-coniferous) suppliers to Australia were the United States ($X), Malaysia ($X) and Brazil ($X), together accounting for 69% of total imports. China, Solomon Islands, Indonesia, France, Myanmar, Germany, Uruguay, Papua New Guinea and New Zealand lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Uruguay, with a CAGR of +59.4%, recorded the highest growth rate of the value of imports, 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 (non-coniferous) import price amounted to $X per cubic meter, surging by 5.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Brazil ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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