Market Overview

The Guatemalan market for saw logs and veneer logs (coniferous) soared to $

in 2019, with an increase of

% 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, showed a abrupt contraction. Consumption peaked at $

in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

In value terms, production of saw logs and veneer logs (coniferous) fell to $

in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of

% year-to-year. As a result, production reached the peak level of $

. From 2016 to 2019, production growth remained at a lower figure.

Consumption

In 2019, consumption of saw logs and veneer logs (coniferous) in Guatemala surged to

cubic meters, increasing by

% on the year before. Overall, consumption, however, saw a deep downturn. Over the period under review, consumption attained the peak volume at

cubic meters in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

The size of the market for saw logs and veneer logs (coniferous) in Guatemala skyrocketed to $

in 2019, growing 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). In general, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $

in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Market Forecast

Depressed by shrinking demand for saw logs and veneer logs (coniferous) in Guatemala, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -

% for the period from 2019 to

, which is projected to depress the market volume to

cubic meters by the end of

.

Market Structure

Over the period under review, imports of saw logs and veneer logs (coniferous) in Guatemala 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

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.

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