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

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

The Thai market for saw logs and veneer logs (non-coniferous) declined modestly to $X in 2022, approximately reflecting the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.4% against the previous year. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from Thailand

After four years of growth, overseas shipments of saw logs and veneer logs (non-coniferous) decreased by -73.5% to X cubic meters in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,732% against the previous year. The exports peaked at X cubic meters in 2021, and then contracted significantly in the following year.

In value terms, exports of saw logs and veneer logs (non-coniferous) dropped sharply to $X in 2022. Overall, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,421% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

China (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Thailand, with a 76% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to China exceeded the volume sent to the second major destination, Japan (X cubic meters), sevenfold. Vietnam (X cubic meters) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+35.6% per year) and Vietnam (+109.3% per year).

In value terms, China ($X) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Thailand, comprising 65% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+52.7% per year) and Vietnam (+184.2% per year).

Export Prices by Country

The average export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 204%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to the United Arab Emirates ($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 Vietnam (+35.8%), 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 Thailand

In 2022, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were imported into Thailand; which is down by -26.5% compared with 2021 figures. Overall, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2013 when imports increased by 37% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) contracted dramatically to $X in 2022. Over the period under review, imports faced a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Thailand, with a 53% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from the United States exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), threefold. The third position in this ranking was taken by Congo (X cubic meters), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+74.6% per year) and Congo (-6.3% per year).

In value terms, the United States ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Thailand, comprising 54% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by Congo, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+19.7% per year) and Congo (-11.5% 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, reducing by -11.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per cubic meter), while the price for the United Arab Emirates ($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 Germany (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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