Overview of the Global Market for Saw Logs And Veneer Logs (Coniferous)

Market Size for Saw Logs And Veneer Logs (Coniferous)

The global market for saw logs and veneer logs (coniferous) reached $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the global market remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous)

In value terms, production of saw logs and veneer logs (coniferous) reduced to $X in 2021 estimated in export price. Overall, production posted a measured expansion. The growth pace was the most rapid in 2018 when the production volume increased by 160%. As a result, production reached the peak level of $X. From 2019 to 2021, global production of growth failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports

In 2021, global exports of saw logs and veneer logs (coniferous) was estimated at X cubic meters, flattening at the previous year. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 23%. The global exports peaked at X cubic meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.6% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand was the major exporting country with an export of about X cubic meters, which accounted for 33% of total exports. The Czech Republic (X cubic meters) ranks second in terms of the total exports with a 13% share, followed by Germany (11%), the Netherlands (5.5%) and the United States (4.8%). Norway (X cubic meters), Belgium (X cubic meters), Russia (X cubic meters), Canada (X cubic meters) and Poland (X cubic meters) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, the Netherlands (+29.5%), Belgium (+19.7%), Germany (+19.5%), the Czech Republic (+15.6%), Norway (+10.3%) and Poland (+8.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.5% from 2012-2021. By contrast, Canada (-9.6%), the United States (-12.6%) and Russia (-12.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand, the Czech Republic, Germany, the Netherlands, Belgium and Norway increased by +12, +8.3, +7.9, +4.8, +3.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest saw logs and veneer logs (coniferous) supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by the United States ($X), with an 11% share of global exports. It was followed by the Czech Republic, with a 9.7% share.

In New Zealand, exports of saw logs and veneer logs (coniferous) increased at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (-0.7% per year) and the Czech Republic (+13.9% per year).

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 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per cubic meter), while Norway ($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 the United States (+13.6%), while the other global leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports

In 2021, global imports of saw logs and veneer logs (coniferous) rose sharply to X cubic meters, increasing by 6.9% against the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 18%. Over the period under review, global imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of saw logs and veneer logs (coniferous) skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X cubic meters) was the largest importer of saw logs and veneer logs (coniferous), achieving 46% of total imports. Austria (X cubic meters) held the second position in the ranking, followed by Germany (X cubic meters), Japan (X cubic meters) and Sweden (X cubic meters). All these countries together took near 25% share of total imports. The following importers - South Korea (X cubic meters), Belgium (X cubic meters), India (X cubic meters), Romania (X cubic meters), Poland (X cubic meters), Canada (X cubic meters), Finland (X cubic meters) and Latvia (X cubic meters) - together made up 17% of total imports.

Imports into China increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, India (+71.4%), Latvia (+17.4%), Romania (+14.2%), Belgium (+13.1%), Poland (+9.2%), Austria (+6.4%) and Canada (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +71.4% from 2012-2021. Finland, Sweden and Germany experienced a relatively flat trend pattern. By contrast, Japan (-3.9%) and South Korea (-8.3%) illustrated a downward trend over the same period. While the share of China (+8.1 p.p.), India (+2.6 p.p.) and Austria (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-2.3 p.p.), Japan (-4.9 p.p.) and South Korea (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) worldwide, comprising 59% of global imports. The second position in the ranking was taken by Austria ($X), with a 6.4% share of global imports. It was followed by Japan, with a 5.5% share.

In China, imports of saw logs and veneer logs (coniferous) increased at an average annual rate of +8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Austria (+3.8% per year) and Japan (-1.7% 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, surging by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per cubic meter), while Finland ($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 South Korea (+8.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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