South Africa: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

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

The South African market for saw logs and veneer logs (non-coniferous) fell modestly to $X in 2022, waning by -4.2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from South Africa

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were exported from South Africa; reducing by -11.2% compared with the year before. Over the period under review, exports, however, posted measured growth. The pace of growth was the most pronounced in 2021 when exports increased by 56%. As a result, the exports reached the peak of X cubic meters, and then fell in the following year.

In value terms, exports of saw logs and veneer logs (non-coniferous) shrank significantly to $X in 2022. In general, exports, however, continue to indicate notable growth. The growth pace was the most rapid in 2017 when exports increased by 86% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

China (X cubic meters), Vietnam (X cubic meters) and Mozambique (X cubic meters) were the main destinations of exports of saw logs and veneer logs (non-coniferous) from South Africa, together accounting for 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) were the largest markets for saw logs and veneer logs (non-coniferous) exported from South Africa worldwide, with a combined 55% share of total exports.

China, with a CAGR of +46.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, waning by -7.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per cubic meter. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into South Africa

In 2022, purchases abroad of saw logs and veneer logs (non-coniferous) decreased by -83.4% to X cubic meters, falling for the third consecutive year after two years of growth. In general, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of 56%. Over the period under review, imports of attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) shrank significantly to $X in 2022. Overall, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2015 with an increase of 63%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Uruguay (X cubic meters), Malaysia (X cubic meters) and Swaziland (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (non-coniferous) to South Africa, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +9.9%), while imports for the other leaders experienced a decline.

In value terms, Uruguay ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to South Africa, comprising 55% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by Swaziland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Uruguay totaled -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.7% per year) and Swaziland (-40.7% per year).

Import Prices by Country

In 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, picking up by 17% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Swaziland ($X per cubic meter), while the price for Malaysia ($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 Uruguay (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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