Market for Saw Logs And Veneer Logs (Coniferous) in Belarus
Market Overview
After two years of growth, the Belarusian market for saw logs and veneer logs (coniferous) decreased by -
% to $ in . Overall, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.
In value terms, production of saw logs and veneer logs (coniferous) amounted to $ in estimated in export price. Over the period under review, production saw a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of %. As a result, production attained the peak level of $. From 2019 to , production of growth failed to regain momentum.
% to $ in . Overall, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.In value terms, production of saw logs and veneer logs (coniferous) amounted to $
in estimated in export price. Over the period under review, production saw a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of %. As a result, production attained the peak level of $. From 2019 to , production of growth failed to regain momentum.Consumption
In , after two years of growth, there was decline in consumption of saw logs and veneer logs (coniferous), when its volume decreased by -% to cubic meters. Overall, consumption, however, posted a prominent increase. Consumption of peaked at cubic meters in , and then dropped slightly in the following year.
The value of the market for saw logs and veneer logs (coniferous) in Belarus contracted modestly to $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed resilient growth. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.
, after two years of growth, there was decline in consumption of saw logs and veneer logs (coniferous), when its volume decreased by -% to cubic meters. Overall, consumption, however, posted a prominent increase. Consumption of peaked at cubic meters in , and then dropped slightly in the following year.The value of the market for saw logs and veneer logs (coniferous) in Belarus contracted modestly to $
in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed resilient growth. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for saw logs and veneer logs (coniferous) in Belarus, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to cubic meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of saw logs and veneer logs (coniferous) in Belarus were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for saw logs and veneer logs (coniferous).
Trade Balance
Belarus remains a net exporter of saw logs and veneer logs (coniferous); in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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