Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in Swaziland
In value terms, production of saw logs and veneer logs (coniferous) stood at $ in 2019 estimated in export prices. Overall, the total production indicated modest growth 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 decreased by -% against 2016 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.
The revenue of the market for saw logs and veneer logs (coniferous) in Swaziland reduced markedly to $ in 2019, with a decrease of -% 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 continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to 2019, consumption remained at a lower figure.