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

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

In 2022, the Estonian market for saw logs and veneer logs (non-coniferous) decreased by -11.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) dropped to $X in 2022 estimated in export price. Overall, production, however, showed a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

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

Exports from Estonia

In 2022, shipments abroad of saw logs and veneer logs (non-coniferous) increased by 11% to X cubic meters, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, the exports attained the peak of X cubic meters. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 96% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Sweden (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Estonia, with a 65% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to Sweden exceeded the volume sent to the second major destination, Finland (X cubic meters), twofold. The third position in this ranking was taken by Poland (X cubic meters), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+0.5% per year) and Poland (+52.4% per year).

In value terms, Sweden ($X), Finland ($X) and Poland ($X) constituted the largest markets for saw logs and veneer logs (non-coniferous) exported from Estonia worldwide, together accounting for 95% of total exports.

Poland, with a CAGR of +62.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by 57% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for saw logs and veneer logs (non-coniferous) increased by +74.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Germany ($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 Poland (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Estonia

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were imported into Estonia; picking up by 11% against the year before. Over the period under review, imports showed pronounced growth. The pace of growth appeared the most rapid in 2020 with an increase of 119% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of saw logs and veneer logs (non-coniferous) surged to $X in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 124%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Latvia (X cubic meters) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Estonia, accounting for a 78% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from Latvia exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), eightfold. The third position in this ranking was taken by Finland (X cubic meters), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+19.4% per year) and Finland (+57.4% per year).

In value terms, Latvia ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Estonia, comprising 71% of total imports. The second position in the ranking was held by Poland ($X), with a 17% share of total imports. It was followed by Finland, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.7% per year) and Finland (+36.2% per year).

Import Prices by Country

In 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, with an increase of 38% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price 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, import price for saw logs and veneer logs (non-coniferous) increased by +45.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 87%. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, 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 Poland ($X per cubic meter), while the price for Russia ($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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform