Market Overview

The Congolese market for saw logs and veneer logs (non-coniferous) rose slightly to $

in 2019, increasing 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). The market value increased at an average annual rate of +

% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by

% year-to-year. Consumption peaked at $

in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

In value terms, production of saw logs and veneer logs (non-coniferous) amounted to $

in 2019 estimated in export prices. The total output value increased at an average annual rate of +

% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of

% against the previous year. Over the period under review, production hit record highs at $

in 2009; however, from 2010 to 2019, production remained at a lower figure.

Consumption

In 2019, consumption of saw logs and veneer logs (non-coniferous) increased by

% to

cubic meters, rising for the eighth year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of

% y-o-y. Consumption peaked at

cubic meters in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

The size of the market for saw logs and veneer logs (non-coniferous) in Democratic Republic of the Congo rose slightly 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). The market value increased at an average annual rate of +

% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of

% year-to-year. Over the period under review, the market attained the peak level at $

in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Market Forecast

Driven by increasing demand for saw logs and veneer logs (non-coniferous) in Democratic Republic of the Congo, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +

% for the period from 2019 to

, which is projected to bring the market volume to

cubic meters by the end of

.

Market Structure

Over the period under review, imports of saw logs and veneer logs (non-coniferous) in Democratic Republic of the Congo were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for saw logs and veneer logs (non-coniferous).

Trade Balance

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.

Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Democratic Republic of the Congo