New Zealand: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in New Zealand

The New Zealand sawnwood (coniferous) market surged to $X in 2022, rising by 281% against the previous year. In general, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in New Zealand

In value terms, sawnwood (coniferous) production rose to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 38%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports from New Zealand

Sawnwood (coniferous) exports from New Zealand declined dramatically to X cubic meters in 2022, falling by -68.1% against the year before. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. The exports peaked at X cubic meters in 2021, and then fell sharply in the following year.

In value terms, sawnwood (coniferous) exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of 51%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for sawnwood (coniferous) exports from New Zealand, accounting for a 32% share of total exports. Moreover, sawnwood (coniferous) exports to the United States exceeded the volume sent to the second major destination, Australia (X cubic meters), twofold. The third position in this ranking was held by the Netherlands (X cubic meters), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-1.6% per year) and the Netherlands (+20.7% per year).

In value terms, the United States ($X) remains the key foreign market for sawnwood (coniferous) exports from New Zealand, comprising 31% of total exports. The second position in the ranking was held by Australia ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-7.0% per year) and the Netherlands (+15.2% per year).

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, growing by 1.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 29%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per cubic meter) and Japan ($X per cubic meter), while the average price for exports to the Netherlands ($X per cubic meter) and the United States ($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 Saudi Arabia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into New Zealand

For the sixth year in a row, New Zealand recorded growth in supplies from abroad of sawnwood (coniferous), which increased by 204,355% to X cubic meters in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X cubic meters) constituted the largest sawnwood (coniferous) supplier to New Zealand, with a 84% share of total imports. Moreover, sawnwood (coniferous) imports from Canada exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), more than tenfold. The Netherlands (X cubic meters) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +150.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+201.9% per year) and the Netherlands (+121.2% per year).

In value terms, Canada ($X) constituted the largest supplier of sawnwood (coniferous) to New Zealand, comprising 85% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 4.1% share of total imports. It was followed by Australia, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +109.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+123.9% per year) and Australia (+116.1% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, with a decrease of -4.1% against the previous year. Over the period under review, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 44% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per cubic meter) and the Netherlands ($X per cubic meter), while the price for Australia ($X per cubic meter) and Chile ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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