Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Belarus
In value terms, production of saw logs and veneer logs (non-coniferous) surged to $ in 2019 estimated in export prices. Over the period under review, the total production indicated resilient 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 increased by +% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The size of the market for saw logs and veneer logs (non-coniferous) in Belarus soared to $ in 2019, with an increase 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 showed a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Consumption peaked in 2019 and is likely to continue growth in years to come.