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

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

The Panamanian market for saw logs and veneer logs (non-coniferous) was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of saw logs and veneer logs (non-coniferous) fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 88%. 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 Panama

In 2022, overseas shipments of saw logs and veneer logs (non-coniferous) decreased by -98.9% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a significant decline. The pace of growth appeared the most rapid in 2017 with an increase of 59%. Over the period under review, the exports of hit record highs at X cubic meters in 2021, and then dropped rapidly in the following year.

In value terms, exports of saw logs and veneer logs (non-coniferous) dropped rapidly to $X in 2022. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

China (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Panama, accounting for a 66% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to China exceeded the volume sent to the second major destination, Vietnam (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total exports with an 11% share.

From 2016 to 2022, the average annual growth rate of volume to China amounted to -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-35.7% per year) and the United States (+20.8% per year).

In value terms, China ($X) emerged as the key foreign market for saw logs and veneer logs (non-coniferous) exports from Panama, comprising 58% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 28% share of total exports. It was followed by the United States, with a 12% share.

From 2016 to 2022, the average annual rate of growth in terms of value to China stood at -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-38.3% per year) and the United States (-4.0% 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, surging by 53% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to India ($X per cubic meter) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Panama

Imports of saw logs and veneer logs (non-coniferous) into Panama soared to X cubic meters in 2022, increasing by 37% against the year before. Over the period under review, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 219%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) surged to $X in 2022. Overall, imports showed a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 132%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

The United States (X cubic meters), Mexico (X cubic meters) and Brazil (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (non-coniferous) to Panama.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +92.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest saw logs and veneer logs (non-coniferous) suppliers to Panama were Mexico ($X), the United States ($X) and Brazil ($X).

In terms of the main suppliers, Brazil, with a CAGR of +101.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, increasing by 14% against the previous year. In general, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 an increase of 55%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for the United States ($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 Canada (+78.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform