South-Eastern Asia: Market for Saw Logs And Veneer Logs (Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Coniferous) in South-Eastern Asia

After two years of growth, the Southeast Asian market for saw logs and veneer logs (coniferous) decreased by -8.9% to $X in 2021. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in South-Eastern Asia

In value terms, production of saw logs and veneer logs (coniferous) dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 76% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas shipments of saw logs and veneer logs (coniferous), which increased by 161% to X cubic meters in 2021. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports of reached the maximum at X cubic meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. In general, exports, however, continue to indicate a deep reduction. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates (coniferous) structure, recording X cubic meters, which was near 85% of total exports in 2021. It was distantly followed by Malaysia (X cubic meters), achieving a 9.9% share of total exports. Indonesia (X cubic meters) took a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of +70.0% from 2012 to 2021. At the same time, Indonesia (+35.6%) displayed positive paces of growth. By contrast, Malaysia (-24.3%) illustrated a downward trend over the same period. Singapore (+85 p.p.) and Indonesia (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -50.7% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest saw logs and veneer logs (coniferous) supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports.

In Singapore, exports of saw logs and veneer logs (coniferous) expanded at an average annual rate of +71.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-21.9% per year) and Indonesia (+22.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per cubic meter, increasing by 12% against the previous year. In general, the export price showed a modest increase. The growth pace was the most rapid in 2017 when the export price increased by 138%. As a result, the export price attained the peak level of $X per cubic meter. From 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per cubic meter), while Singapore ($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 Malaysia (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in South-Eastern Asia

In 2021, after four years of growth, there was significant decline in supplies from abroad of saw logs and veneer logs (coniferous), when their volume decreased by -19.5% to X cubic meters. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports reached the peak of X cubic meters, and then declined notably in the following year.

In value terms, imports of saw logs and veneer logs (coniferous) soared to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 113%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Vietnam dominates (coniferous) structure, resulting at X cubic meters, which was approx. 88% of total imports in 2021. It was distantly followed by Malaysia (X cubic meters), achieving a 5.1% share of total imports. The following importers - Thailand (X cubic meters), the Philippines (X cubic meters) and Indonesia (X cubic meters) - each amounted to a 6.2% share of total imports.

Imports into Vietnam increased at an average annual rate of +13.6% from 2012 to 2021. At the same time, the Philippines (+49.4%) and Malaysia (+17.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +49.4% from 2012-2021. By contrast, Indonesia (-6.8%) and Thailand (-20.5%) illustrated a downward trend over the same period. Vietnam (+41 p.p.), Malaysia (+3 p.p.) and the Philippines (+2 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by -3.8% and -30.3% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in South-Eastern Asia, comprising 87% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6% share of total imports. It was followed by Thailand, with a 3.4% share.

In Vietnam, imports of saw logs and veneer logs (coniferous) increased at an average annual rate of +13.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+27.2% per year) and Thailand (-16.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2021, rising by 64% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for saw logs and veneer logs (coniferous) increased by +94.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per cubic meter), while the Philippines ($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 Malaysia (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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