Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in Australia
Market Overview
The Australian market for saw logs and veneer logs (coniferous) declined sharply to $
in 2019, dropping 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 saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
In value terms, production of saw logs and veneer logs (coniferous) rose markedly to $ in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by % y-o-y. Production peaked at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
in 2019, dropping 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 saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.In value terms, production of saw logs and veneer logs (coniferous) rose markedly to $
in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by % y-o-y. Production peaked at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, approx. cubic meters of saw logs and veneer logs (coniferous) were consumed in Australia; dropping by -% compared with 2018. In general, consumption recorded a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Over the period under review, consumption hit record highs at cubic meters in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
The value of the market for saw logs and veneer logs (coniferous) in Australia dropped dramatically to $ in 2019, declining 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 saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Consumption peaked at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
cubic meters of saw logs and veneer logs (coniferous) were consumed in Australia; dropping by -% compared with 2018. In general, consumption recorded a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Over the period under review, consumption hit record highs at cubic meters in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.The value of the market for saw logs and veneer logs (coniferous) in Australia dropped dramatically to $
in 2019, declining 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 saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Consumption peaked at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for saw logs and veneer logs (coniferous) in Australia, 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 .
% 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 Australia 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.
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