Indonesia: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Indonesia

In 2021, the Indonesian market for saw logs and veneer logs (coniferous) was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, recorded a mild decrease. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Indonesia

In value terms, production of saw logs and veneer logs (coniferous) totaled $X in 2021 estimated in export price. In general, production saw a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 81% against the previous year. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Indonesia

In 2021, shipments abroad of saw logs and veneer logs (coniferous) increased by 15% to X cubic meters, rising for the sixth year in a row after two years of decline. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 645%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 687%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Indonesia, accounting for a 94% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to the United States exceeded the volume sent to the second major destination, South Korea (X cubic meters), more than tenfold. Nigeria (X cubic meters) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +51.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Nigeria (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from Indonesia, comprising 59% of total exports. The second position in the ranking was held by South Korea ($X), with a 19% share of total exports. It was followed by Nigeria, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+153.5% per year) and Nigeria (0.0% per year).

Export Prices by Country

The average export price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, growing by 58% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The export price peaked at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+25.2%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Indonesia

In 2021, the amount of saw logs and veneer logs (coniferous) imported into Indonesia skyrocketed to X cubic meters, with an increase of 42% on the previous year. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 267% against the previous year. Over the period under review, imports of attained the maximum at X cubic meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (coniferous) fell notably to $X in 2021. Overall, imports, however, showed a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by 109%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the United States (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to Indonesia, with a 52% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X cubic meters), threefold. Australia (X cubic meters) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-9.0% per year) and Australia (-77.8% per year).

In value terms, the United States ($X), Australia ($X) and New Zealand ($X) appeared to be the largest saw logs and veneer logs (coniferous) suppliers to Indonesia, together accounting for 79% of total imports. Germany, Belgium, France and Japan lagged somewhat behind, together accounting for a further 21%.

Belgium, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, shrinking by -44.7% against the previous year. Overall, the import price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2020 an increase of 198% against the previous year. As a result, import price attained the peak level of $X per cubic meter, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per cubic meter), while the price for the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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