New Zealand: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in New Zealand

In 2021, after nine years of growth, there was significant decline in the New Zealand market for saw logs and veneer logs (coniferous), when its value decreased by -32.6% to $X. Over the period under review, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank markedly in the following year.

Production of Saw Logs And Veneer Logs (Coniferous) in New Zealand

In value terms, production of saw logs and veneer logs (coniferous) expanded notably to $X in 2021 estimated in export price. In general, production, however, showed moderate growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 152%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from New Zealand

In 2021, exports of saw logs and veneer logs (coniferous) from New Zealand soared to X cubic meters, growing by 22% against 2020. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 40%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from New Zealand, accounting for a 83% 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), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X cubic meters), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-1.7% per year) and Hong Kong SAR (+137.0% per year).

In value terms, China ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from New Zealand, comprising 84% of total exports. The second position in the ranking was held by South Korea ($X), with a 7.6% share of total exports. It was followed by Hong Kong SAR, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.4% per year) and Hong Kong SAR (+135.7% per year).

Export Prices by Country

In 2021, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, increasing by 81% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per cubic meter), while the average price for exports to India ($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 South Korea (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into New Zealand

In 2021, overseas purchases of saw logs and veneer logs (coniferous) decreased by -72.7% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 502%. Over the period under review, imports of attained the peak figure at X cubic meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) fell to $X in 2021. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2015 when imports increased by 111% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to New Zealand, accounting for a 51% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from Canada exceeded the figures recorded by the second-largest supplier, Uruguay (X cubic meters), threefold. The third position in this ranking was held by Australia (X cubic meters), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +53.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+100.0% per year) and Australia (+31.0% per year).

In value terms, Canada ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to New Zealand, comprising 82% of total imports. The second position in the ranking was held by Australia ($X), with an 11% share of total imports. It was followed by Uruguay, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-2.3% per year) and Uruguay (-12.9% 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, jumping by 238% against the previous year. In general, the import price, however, recorded a precipitous descent. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per cubic meter), while the price for South Africa ($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 Fiji (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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