Updated Mar 11, 2023 22:38

Market for Saw Logs And Veneer Logs (Coniferous) in Germany

Market Overview
In , the German market for saw logs and veneer logs (coniferous) increased by % to $, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a noticeable decrease. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption 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 perceptible contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Production of peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
In , consumption of saw logs and veneer logs (coniferous) increased by % to cubic meters, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption of attained the peak volume at cubic meters in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The size of the market for saw logs and veneer logs (coniferous) in Germany rose sharply to $ in , picking up by % 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). Overall, consumption, however, recorded a noticeable setback. Consumption of peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for saw logs and veneer logs (coniferous) in Germany, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to cubic meters by the end of .

In value terms, the market is forecast to contract 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Germany 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.