Colombia: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2025

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

In 2022, the Colombian market for saw logs and veneer logs (non-coniferous) increased by 7% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of 13%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Colombia

After two years of growth, shipments abroad of saw logs and veneer logs (non-coniferous) decreased by -55.5% to X cubic meters in 2022. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 115%. Over the period under review, the exports of reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) dropped slightly to $X in 2022. Over the period under review, exports, however, posted mild growth. The pace of growth was the most pronounced in 2014 when exports increased by 91%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X cubic meters), India (X cubic meters) and Vietnam (X cubic meters) were the main destinations of exports of saw logs and veneer logs (non-coniferous) from Colombia, together accounting for 80% of total exports. Singapore lagged somewhat behind, accounting for a further 5.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +35.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the largest markets for saw logs and veneer logs (non-coniferous) exported from Colombia worldwide, together accounting for 74% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +34.1%, recorded 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

In 2022, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, growing by 116% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Singapore ($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 Vietnam (-0.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Colombia

In 2022, overseas purchases of saw logs and veneer logs (non-coniferous) increased by 2.4% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a precipitous curtailment. The growth pace was the most rapid in 2019 when imports increased by 366% against the previous year. Over the period under review, imports of reached the maximum at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) stood at $X in 2022. Overall, imports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2019 with an increase of 345%. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X cubic meters) was the main saw logs and veneer logs (non-coniferous) supplier to Colombia, with a 96% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -25.5%.

In value terms, the United States ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Colombia, comprising 95% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -21.9%.

Import Prices by Country

In 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, waning by -1.8% against the previous year. In general, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2021 an increase of 43%. As a result, import price attained the peak level of $X per cubic meter, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for the United States totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%).

Source: IndexBox Platform

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