Overview of the Market for Saw Logs And Veneer Logs (Coniferous) in the United Kingdom
In value terms, production of saw logs and veneer logs (coniferous) declined to $ in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.
The size of the market for saw logs and veneer logs (coniferous) in the UK skyrocketed to $ in 2019, picking up 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 buoyant increase. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the near future.