Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in Latvia
In value terms, production of saw logs and veneer logs (coniferous) stood at $ in 2019 estimated in export prices. In general, production faced a abrupt curtailment. The growth pace was the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
The revenue of the market for saw logs and veneer logs (coniferous) in Latvia dropped remarkably to $ in 2019, falling 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 showed a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. Consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.