United Kingdom: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in the UK

The UK market for saw logs and veneer logs (coniferous) declined slightly to $X in 2021, with a decrease of -2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Coniferous) in the UK

In value terms, production of saw logs and veneer logs (coniferous) fell modestly to $X in 2021 estimated in export price. In general, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from the UK

After three years of decline, shipments abroad of saw logs and veneer logs (coniferous) increased by 84% to X cubic meters in 2021. Over the period under review, exports, however, continue to indicate a perceptible descent. The exports peaked at X cubic meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) soared to $X in 2021. Overall, exports, however, showed a mild reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from the UK, with a 96% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to Ireland exceeded the volume sent to the second major destination, Sweden (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled +25.7%.

In value terms, Ireland ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from the UK, comprising 98% of total exports. The second position in the ranking was taken by Sweden ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ireland totaled +19.0%.

Export Prices by Country

The average export price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ireland ($X per cubic meter), while the average price for exports to Sweden totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into the UK

In 2021, approx. X cubic meters of saw logs and veneer logs (coniferous) were imported into the UK; increasing by 17% against the previous year's figure. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 63%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (coniferous) skyrocketed to $X in 2021. In general, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ireland (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to the UK, with a 61% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from Ireland exceeded the figures recorded by the second-largest supplier, Sweden (X cubic meters), fivefold. Latvia (X cubic meters) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Ireland totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+11.0% per year) and Latvia (+55.4% per year).

In value terms, the largest saw logs and veneer logs (coniferous) suppliers to the UK were Russia ($X), Ireland ($X) and Latvia ($X), with a combined 84% share of total imports.

Russia, with a CAGR of +95.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, picking up by 29% against the previous year. Overall, the import price continues to indicate modest growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 46% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per cubic meter), while the price for Ireland ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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