Updated Jan 15, 2023 15:04

Global Market for Saw Logs And Veneer Logs (Non-Coniferous)

Market Overview
The global market for saw logs and veneer logs (non-coniferous) reduced slightly to $ in , approximately mirroring 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.

In value terms, production of saw logs and veneer logs (non-coniferous) declined slightly to $ in estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of % against the previous year. As a result, production reached the peak level of $. From to , global production of growth remained at a somewhat lower figure.

The countries with the highest volumes of production in were China ( cubic meters), Brazil ( cubic meters) and Indonesia ( cubic meters), with a combined % share of global production. The United States, India, Russia, Vietnam, Canada, Australia, Chile, Malaysia and Thailand lagged somewhat behind, together comprising a further %.

From 2007 to , the biggest increases were recorded for Vietnam (with a CAGR of +%), while (non-coniferous) for the other global leaders experienced more modest paces of growth.


Consumption
In , global consumption of saw logs and veneer logs (non-coniferous) declined to cubic meters, with a decrease of -% against the year before. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of cubic meters. From 2019 to , the growth of the global consumption of failed to regain momentum.

The size of the market for saw logs and veneer logs (non-coniferous) worldwide shrank modestly to $ in , almost unchanged from 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were China ( cubic meters), Brazil ( cubic meters) and Indonesia ( cubic meters), with a combined % share of global consumption. These countries were followed by the United States, India, Vietnam, Russia, Canada, Chile, Australia, Thailand and Malaysia, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for Vietnam (with a CAGR of +%), while (non-coniferous) for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($) led the market, alone. The second position in the ranking was taken by the United States ($). It was followed by China.

In Indonesia, the market of saw logs and veneer logs (non-coniferous) expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-% per year) and China (+% per year).

The countries with the highest levels of saw logs and veneer logs (non-coniferous) per capita consumption in were Chile ( cubic meters per persons), Canada ( cubic meters per persons) and Australia ( cubic meters per persons).

From 2007 to , the most notable rate of growth in terms of (non-coniferous), amongst the key consuming countries, was attained by Vietnam (with a CAGR of +%), while (non-coniferous) for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for saw logs and veneer logs (non-coniferous) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase 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 .