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

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

In 2022, the Malaysian market for saw logs and veneer logs (non-coniferous) increased by 2.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Malaysia

In 2022, overseas shipments of saw logs and veneer logs (non-coniferous) decreased by -45.1% to X cubic meters, falling for the eighth consecutive year after three years of growth. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 98% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) fell significantly to $X in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X cubic meters), Indonesia (X cubic meters) and China (X cubic meters) were the main destinations of exports of saw logs and veneer logs (non-coniferous) from Malaysia, together accounting for 79% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +11.5%), while the other leaders experienced a decline.

In value terms, India ($X) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Malaysia, comprising 70% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Japan, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+19.4% per year) and Japan (-15.0% per year).

Export Prices by Country

The average export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, rising by 42% against the previous year. Over the period under review, the export price saw a noticeable expansion. The growth pace was the most rapid in 2021 an increase of 56%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to China ($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 Indonesia (+7.1%), 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 Malaysia

In 2022, purchases abroad of saw logs and veneer logs (non-coniferous) increased by 17% to X cubic meters, rising for the fifth year in a row after five years of decline. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 373% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of saw logs and veneer logs (non-coniferous) dropped slightly to $X in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 262% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Australia (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to Malaysia, with a 88% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from Australia exceeded the figures recorded by the second-largest supplier, Papua New Guinea (X cubic meters), more than tenfold. Uruguay (X cubic meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled +89.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+11.3% per year) and Uruguay (+36.1% per year).

In value terms, Australia ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Malaysia, comprising 71% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 16% share of total imports. It was followed by Uruguay, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to +67.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+14.3% per year) and Uruguay (+41.3% 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, reducing by -16.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 20%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($X per cubic meter), while the price for Australia ($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 Uruguay (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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