Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in South Africa
In value terms, production of saw logs and veneer logs (coniferous) expanded sharply to $ in 2019 estimated in export prices. In general, production posted a buoyant expansion. The growth pace was the most rapid in 2013 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in the near future.
The size of the market for saw logs and veneer logs (coniferous) in South Africa shrank markedly to $ in 2019, waning 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 continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. Consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.