Sweden: Market for Saw Logs And Veneer Logs (Coniferous) 2024

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

In 2021, the Swedish market for saw logs and veneer logs (coniferous) increased by 0.2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (coniferous) reached $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Sweden

In 2021, approx. X cubic meters of saw logs and veneer logs (coniferous) were exported from Sweden; jumping by 23% compared with the previous year's figure. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 +30.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 154%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Norway (X cubic meters), Finland (X cubic meters) and Germany (X cubic meters) were the main destinations of exports of saw logs and veneer logs (coniferous) from Sweden, together accounting for 64% of total exports. Romania, Latvia, Denmark, Estonia, China and the UK lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +334,418.6%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Romania ($X) were the largest markets for saw logs and veneer logs (coniferous) exported from Sweden worldwide, together accounting for 61% of total exports.

Romania, with a CAGR of +169,484.2%, recorded 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 (coniferous) stood at $X per cubic meter in 2021, surging by 17% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 76% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Sweden

In 2021, overseas purchases of saw logs and veneer logs (coniferous) decreased by -12.5% to X cubic meters, falling for the third year in a row after three years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) shrank to $X in 2021. Over the period under review, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 95% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Norway (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to Sweden, with a 67% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from Norway exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), fourfold. Latvia (X cubic meters) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+3.4% per year) and Latvia (-10.4% per year).

In value terms, Norway ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Sweden, comprising 64% of total imports. The second position in the ranking was held by Finland ($X), with a 20% share of total imports. It was followed by Latvia, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+1.4% per year) and Latvia (-12.0% per year).

Import Prices by Country

In 2021, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, growing by 3.8% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Estonia ($X per cubic meter) and Finland ($X per cubic meter), while the price for Lithuania ($X per cubic meter) and Latvia ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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