Eastern Europe: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

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

In 2022, the East European market for saw logs and veneer logs (non-coniferous) increased by 1.4% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) expanded to $X in 2022 estimated in export price. Overall, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in shipments abroad of saw logs and veneer logs (non-coniferous), which increased by 5.4% to X cubic meters in 2022. Total exports indicated tangible growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, exports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 36%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Russia (X cubic meters) was the main exporter of saw logs and veneer logs (non-coniferous), constituting 64% of total exports. Latvia (X cubic meters) ranks second in terms of the total exports with a 15% share, followed by Estonia (6.1%). The following exporters - Poland (X cubic meters), Hungary (X cubic meters), the Czech Republic (X cubic meters) and Slovakia (X cubic meters) - together made up 12% of total exports.

Russia was also the fastest-growing in terms of the saw logs and veneer logs (non-coniferous) exports, with a CAGR of +11.5% from 2012 to 2022. At the same time, the Czech Republic (+6.4%), Poland (+2.9%), Latvia (+2.0%), Estonia (+1.4%) and Hungary (+1.2%) displayed positive paces of growth. By contrast, Slovakia (-1.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +31 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in Eastern Europe, comprising 51% of total exports. The second position in the ranking was taken by Latvia ($X), with an 18% share of total exports. It was followed by Estonia, with a 6.9% share.

In Russia, exports of saw logs and veneer logs (non-coniferous) expanded at an average annual rate of +8.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Latvia (+6.8% per year) and Estonia (+4.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per cubic meter in 2022, picking up by 11% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The level of export peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per cubic meter), while Russia ($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 Latvia (+4.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2022, the amount of saw logs and veneer logs (non-coniferous) imported in Eastern Europe skyrocketed to X cubic meters, with an increase of 41% on the previous year's figure. Over the period under review, imports, however, saw a mild decline. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. In general, imports continue to indicate a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X cubic meters) and Poland (X cubic meters) were the largest importers of saw logs and veneer logs (non-coniferous) in 2022, reaching approx. 30% and 25% of total imports, respectively. It was distantly followed by Latvia (X cubic meters), Estonia (X cubic meters), the Czech Republic (X cubic meters), Hungary (X cubic meters) and Belarus (X cubic meters), together committing a 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. Estonia, Latvia, Hungary and Belarus lagged somewhat behind, together accounting for a further 26%.

Belarus, with a CAGR of +22.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per cubic meter in 2022, with an increase of 19% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for saw logs and veneer logs (non-coniferous) increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 47% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per cubic meter), while Belarus ($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 Poland (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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