Scandinavia: Market for Saw Logs And Veneer Logs (Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Coniferous) in Scandinavia

In 2021, after two years of decline, there was growth in the Scandinavia market for saw logs and veneer logs (coniferous), when its value increased by 1.2% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Coniferous) in Scandinavia

In value terms, production of saw logs and veneer logs (coniferous) stood at $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.7% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 37% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Scandinavia

In 2021, exports of saw logs and veneer logs (coniferous) in Scandinavia totaled X cubic meters, surging by 10% on 2020 figures. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Norway (X cubic meters) represented the major exporter of saw logs and veneer logs (coniferous), achieving 64% of total exports. Sweden (X cubic meters) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Finland (15%) and Denmark (5.5%).

Norway was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of +10.3% from 2012 to 2021. At the same time, Finland (+6.0%) and Sweden (+4.1%) displayed positive paces of growth. Denmark experienced a relatively flat trend pattern. While the share of Norway (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-2.2 p.p.), Denmark (-4.7 p.p.) and Sweden (-5.5 p.p.) displayed negative dynamics.

In value terms, the largest saw logs and veneer logs (coniferous) supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X), with a combined 91% share of total exports.

Norway, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per cubic meter in 2021, increasing by 22% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per cubic meter), while Norway ($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 Denmark (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in Scandinavia

In 2021, the amount of saw logs and veneer logs (coniferous) imported in Scandinavia fell to X cubic meters, with a decrease of -8.2% against 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 51% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of saw logs and veneer logs (coniferous) contracted slightly to $X in 2021. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 86%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Sweden was the largest importing country with an import of around X cubic meters, which reached 66% of total imports. Finland (X cubic meters) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Norway (5.5%) and Denmark (4.5%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of saw logs and veneer logs (coniferous). At the same time, Denmark (+10.7%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.7% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Norway (-5.1%) illustrated a downward trend over the same period. Denmark (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in Scandinavia, comprising 60% of total imports. The second position in the ranking was taken by Finland ($X), with a 21% share of total imports. It was followed by Denmark, with a 12% share.

In Sweden, imports of saw logs and veneer logs (coniferous) contracted by an average annual rate of -1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (-2.9% per year) and Denmark (+6.7% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per cubic meter, picking up by 7.2% against the previous year. In general, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Denmark ($X per cubic meter), while Finland ($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 Sweden (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform