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

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

The Swedish market for saw logs and veneer logs (non-coniferous) declined to $X in 2022, which is down by -5.7% against the previous year. In general, consumption, however, showed a perceptible decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) plummeted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

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

Exports from Sweden

In 2022, shipments abroad of saw logs and veneer logs (non-coniferous) increased by 33% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2018 when exports increased by 144%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of saw logs and veneer logs (non-coniferous) surged to $X in 2022. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 137% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Finland (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Sweden, accounting for a 55% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to Finland exceeded the volume sent to the second major destination, Denmark (X cubic meters), threefold. China (X cubic meters) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Finland amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+3.0% per year) and China (+66.1% per year).

In value terms, Finland ($X), China ($X) and Denmark ($X) constituted the largest markets for saw logs and veneer logs (non-coniferous) exported from Sweden worldwide, with a combined 75% share of total exports. Germany and Pakistan lagged somewhat behind, together accounting for a further 16%.

Pakistan, with a CAGR of +63.2%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, jumping by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a 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 Pakistan ($X per cubic meter), while the average price for exports to Finland ($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 Pakistan (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Sweden

In 2022, supplies from abroad of saw logs and veneer logs (non-coniferous) increased by 2.7% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) skyrocketed to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 96%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Latvia (X cubic meters), Estonia (X cubic meters) and Finland (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (non-coniferous) to Sweden, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Sweden, comprising 52% of total imports. The second position in the ranking was taken by Estonia ($X), with a 24% share of total imports. It was followed by Finland, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+3.6% per year) and Finland (+27.0% 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 50% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for saw logs and veneer logs (non-coniferous) increased by +61.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Russia ($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 Latvia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :