Japan: Market for Saw Logs And Veneer Logs (Coniferous) 2025

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

In 2021, the Japanese market for saw logs and veneer logs (coniferous) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

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

In value terms, production of saw logs and veneer logs (coniferous) contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Japan

In 2021, approx. X cubic meters of saw logs and veneer logs (coniferous) were exported from Japan; waning by -13% on the previous year. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 114% against the previous year. The exports peaked at X cubic meters in 2020, and then declined in the following year.

In value terms, exports of saw logs and veneer logs (coniferous) soared to $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 106% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Japan, with a 81% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to China exceeded the volume sent to the second major destination, South Korea (X cubic meters), eightfold. Taiwan (Chinese) (X cubic meters) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.6% per year) and Taiwan (Chinese) (-1.2% per year).

In value terms, China ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from Japan, comprising 82% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.6% share of total exports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+13.4% per year) and Taiwan (Chinese) (+6.4% 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, surging by 46% against the previous year. In general, the export price saw prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to China ($X per cubic meter) and Taiwan (Chinese) ($X per cubic meter), while the average price for exports to South Korea ($X per cubic meter) and Vietnam ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Japan

In 2021, supplies from abroad of saw logs and veneer logs (coniferous) was finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable setback. Imports peaked at X cubic meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) soared to $X in 2021. Overall, imports, however, recorded a mild reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports 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 Japan, accounting for a 61% 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, Canada (X cubic meters), twofold. The third position in this ranking was held by New Zealand (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.5% per year) and New Zealand (-3.7% per year).

In value terms, the United States ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Japan, comprising 65% of total imports. The second position in the ranking was held by Canada ($X), with a 27% share of total imports. It was followed by New Zealand, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-4.1% per year) and New Zealand (-6.8% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per cubic meter), while the price for New Zealand ($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 the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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