Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Croatia
Market Overview
The Croatian market for saw logs and veneer logs (non-coniferous) declined to $
in 2019, waning 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, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of
% year-to-year. Consumption peaked at $
in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
In value terms, production of saw logs and veneer logs (non-coniferous) dropped to $
in 2019 estimated in export prices. Overall, production saw a pronounced decline. The growth pace was the most rapid in 2011 when the production volume increased by
% y-o-y. Over the period under review, production reached the peak level at $
in 2008; however, from 2009 to 2019, production remained at a lower figure.




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



Consumption
In 2019, approx.
cubic meters of saw logs and veneer logs (non-coniferous) were consumed in Croatia; with a decrease of -
% against 2018 figures. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the consumption volume increased by
% against the previous year. Consumption peaked at
cubic meters in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.
The value of the market for saw logs and veneer logs (non-coniferous) in Croatia reduced to $
in 2019, shrinking 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). Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of
% against the previous year. Consumption peaked at $
in 2013; however, from 2014 to 2019, consumption remained at a lower figure.




The value of the market for saw logs and veneer logs (non-coniferous) in Croatia reduced to $




Market Forecast
Driven by increasing demand for saw logs and veneer logs (non-coniferous) in Croatia, 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 Croatia 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.
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