Market for Saw Logs And Veneer Logs (Coniferous) in Belgium
Market Overview
After four years of decline, the Belgian market for saw logs and veneer logs (coniferous) increased by 
% to $ in . In general, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
In value terms, production of saw logs and veneer logs (coniferous) totaled $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2018 to , production of growth remained at a lower figure.
% to $ in . In general, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.In value terms, production of saw logs and veneer logs (coniferous) totaled $
in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2018 to , production of growth remained at a lower figure.Consumption
In , after three years of decline, there was significant growth in consumption of saw logs and veneer logs (coniferous), when its volume increased by % to cubic meters. Overall, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The value of the market for saw logs and veneer logs (coniferous) in Belgium skyrocketed to $ in , rising 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, recorded a perceptible slump. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
, after three years of decline, there was significant growth in consumption of saw logs and veneer logs (coniferous), when its volume increased by % to cubic meters. Overall, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The value of the market for saw logs and veneer logs (coniferous) in Belgium skyrocketed to $
in , rising 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, recorded a perceptible slump. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for saw logs and veneer logs (coniferous) in Belgium, the market is expected to continue its downward consumption trend over the next eight-year period. 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 .
% 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
Driven by a growing demand, the share of imports in total supply in Belgium increased significantly over the last fifteen-year period (from % to %). 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.
% to %). 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
Belgium remains a net importer of saw logs and veneer logs (coniferous); in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of cubic meters, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of cubic meters, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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