Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in Montenegro
In value terms, production of saw logs and veneer logs (coniferous) declined slightly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Production peaked at $ in 2018, and then fell slightly in the following year.
The value of the market for saw logs and veneer logs (coniferous) in Montenegro contracted slightly to $ in 2019, which is down 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 saw perceptible growth. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. Consumption peaked at $ in 2018, and then reduced slightly in the following year.