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

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

In 2022, after six years of growth, there was decline in the Southeast Asian market for saw logs and veneer logs (non-coniferous), when its value decreased by -0.9% to $X. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

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

In value terms, production of saw logs and veneer logs (non-coniferous) fell to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 3,665% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

Exports of saw logs and veneer logs (non-coniferous) reduced remarkably to X cubic meters in 2022, which is down by -44.2% on 2021 figures. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) fell notably to $X in 2022. Overall, exports faced a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 57%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia prevails in (non-coniferous) structure, recording X cubic meters, which was near 72% of total exports in 2022. It was distantly followed by Cambodia (X cubic meters), Lao People's Democratic Republic (X cubic meters) and Myanmar (X cubic meters), together achieving a 20% share of total exports. The following exporters - Vietnam (X cubic meters) and Thailand (X cubic meters) - each reached a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to saw logs and veneer logs (non-coniferous) exports from Malaysia stood at -13.3%. At the same time, Lao People's Democratic Republic (+19.7%), Thailand (+18.0%) and Cambodia (+4.4%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +19.7% from 2012-2022. By contrast, Vietnam (-25.9%) and Myanmar (-47.6%) illustrated a downward trend over the same period. While the share of Malaysia (+64 p.p.), Cambodia (+9 p.p.), Lao People's Democratic Republic (+5.8 p.p.) and Thailand (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Myanmar (-84.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 12% share of total exports. It was followed by Cambodia, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to -10.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+32.2% per year) and Cambodia (-3.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2022, rising by 41% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 47%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Vietnam ($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 Lao People's Democratic Republic (+10.4%), while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

After two years of decline, overseas purchases of saw logs and veneer logs (non-coniferous) increased by 13% to X cubic meters in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 82% 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 remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) declined to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam represented the main importer of saw logs and veneer logs (non-coniferous) in South-Eastern Asia, with the volume of imports recording X cubic meters, which was approx. 73% of total imports in 2022. It was distantly followed by Malaysia (X cubic meters) and Indonesia (X cubic meters), together generating a 23% share of total imports. Cambodia (X cubic meters) took a relatively small share of total imports.

Imports into Vietnam increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Cambodia (+91.9%), Malaysia (+19.6%) and Indonesia (+1.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +91.9% from 2012-2022. While the share of Malaysia (+11 p.p.), Vietnam (+2.5 p.p.) and Cambodia (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-3.9 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in South-Eastern Asia, comprising 81% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 8.9% share of total imports. It was followed by Indonesia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+11.6% per year) and Indonesia (+4.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per cubic meter, with a decrease of -17.7% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Malaysia ($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 Indonesia (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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