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

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

The Japanese market for saw logs and veneer logs (non-coniferous) contracted to $X in 2022, with a decrease of -1.9% against the previous year. Overall, consumption, however, showed a slight setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) fell to $X in 2022 estimated in export price. In general, production, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from Japan

For the third consecutive year, Japan recorded decline in shipments abroad of saw logs and veneer logs (non-coniferous), which decreased by -28.9% to X cubic meters in 2022. Over the period under review, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 106% against the previous year. Over the period under review, the exports of attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) shrank sharply to $X in 2022. In general, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 172% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Japan, with a 40% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to South Korea exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), twofold. The third position in this ranking was held by China (X cubic meters), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.5% per year) and China (-2.8% per year).

In value terms, South Korea ($X) emerged as the key foreign market for saw logs and veneer logs (non-coniferous) exports from Japan, comprising 39% of total exports. The second position in the ranking was taken by China ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.7% per year) and Taiwan (Chinese) (+15.7% per year).

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 18% against the previous year. Overall, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, 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 Malaysia ($X per cubic meter) and Germany ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.4%), 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 Japan

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were imported into Japan; picking up by 10% on the year before. Overall, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. As a result, imports reached the peak of X cubic meters. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Japan, accounting for a 56% 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, Germany (X cubic meters), threefold. The third position in this ranking was held by Malaysia (X cubic meters), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and Malaysia (-22.9% per year).

In value terms, the United States ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Japan, comprising 56% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Papua New Guinea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-20.6% per year) and Papua New Guinea (-18.6% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 26%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for Germany ($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 Thailand (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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