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

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

The North American market for saw logs and veneer logs (non-coniferous) expanded modestly to $X in 2022, picking up by 4% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) expanded remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Northern America

Exports of saw logs and veneer logs (non-coniferous) dropped slightly to X cubic meters in 2022, waning by -1.8% on the previous year. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) rose significantly to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States was the key exporting country with an export of around X cubic meters, which resulted at 88% of total exports. It was distantly followed by Canada (X cubic meters), comprising a 12% share of total exports.

Exports from the United States decreased at an average annual rate of -6.2% from 2012 to 2022. Canada (-2.2%) illustrated a downward trend over the same period. Canada (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -3.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in Northern America, comprising 95% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.8%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, picking up by 9.1% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while Canada amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%).

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

Imports in Northern America

In 2022, the amount of saw logs and veneer logs (non-coniferous) imported in Northern America fell to X cubic meters, with a decrease of -14.1% against the previous year. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 84% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) rose modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X cubic meters) represented the main importer of saw logs and veneer logs (non-coniferous), making up 85% of total imports. It was distantly followed by the United States (X cubic meters), mixing up a 14% share of total imports.

Imports into Canada increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, the United States (+25.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +25.5% from 2012-2022. The United States (+10 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -10.2% from 2012 to 2022, respectively.

In value terms, Canada ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Northern America, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

In Canada, imports of saw logs and veneer logs (non-coniferous) remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per cubic meter, increasing by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by 63%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-7.8%).

Source: IndexBox Platform

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