Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Estonia
In value terms, production of saw logs and veneer logs (non-coniferous) contracted to $ in estimated in export prices. Over the period under review, the total production indicated a moderate increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2019, and then dropped in the following year.
The size of the market for saw logs and veneer logs (non-coniferous) in Estonia soared to $ in , 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). Over the period under review, consumption enjoyed a prominent increase. The growth pace was the most rapid in 2019 when the market value increased by % y-o-y. Consumption peaked in and is expected to retain growth in the near future.