U.S.: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in the U.S.

In 2022, after two years of growth, there was decline in the U.S. sawnwood (coniferous) market, when its value decreased by -2.2% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Sawnwood (coniferous) consumption peaked at $X in 2021, and then dropped modestly in the following year.

Sawnwood (Coniferous) Production in the U.S.

In value terms, sawnwood (coniferous) production shrank modestly to $X in 2022. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 6.3% against the previous year. As a result, production attained the peak level of $X, and then shrank modestly in the following year.

Sawnwood (Coniferous) Exports

Exports from the U.S.

In 2022, sawnwood (coniferous) exports from the United States reduced rapidly to X cubic meters, falling by -16.3% on the previous year's figure. In general, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports declined to $X in 2022. Over the period under review, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 47%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X cubic meters), Canada (X cubic meters) and the Dominican Republic (X cubic meters) were the main destinations of sawnwood (coniferous) exports from the United States, together comprising 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +3.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (coniferous) exported from the United States were Mexico ($X), Canada ($X) and the Dominican Republic ($X), together comprising 60% of total exports. Japan, Jamaica, the Philippines, Bahamas, China, Pakistan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Bahamas, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, surging by 7.4% against the previous year. In general, the export price continues to indicate a temperate expansion. The growth pace was the most rapid in 2021 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2018; however, from 2019 to 2022, the 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 the Philippines ($X per cubic meter), while the average price for exports to Mexico ($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 the Philippines (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into the U.S.

In 2022, purchases abroad of sawnwood (coniferous) decreased by -24.7% to X cubic meters, falling for the fourth year in a row after two years of decline. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. Overall, imports, however, posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X cubic meters) constituted the largest supplier of sawnwood (coniferous) to the United States, with a 40% share of total imports. Moreover, sawnwood (coniferous) imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), twofold. Brazil (X cubic meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.0% per year) and Brazil (+27.6% per year).

In value terms, Canada ($X) constituted the largest supplier of sawnwood (coniferous) to the United States, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+52.3% per year) and Sweden (+41.1% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, growing by 76% against the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 79%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 New Zealand ($X per cubic meter), while the price for Brazil ($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 New Zealand (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :