Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in China, Hong Kong SAR
In value terms, production of saw logs and veneer logs (non-coniferous) dropped to $ in 2019 estimated in export prices. In general, production saw a deep downturn. The pace of growth was the most pronounced in 2008 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a somewhat lower figure.
The size of the market for saw logs and veneer logs (non-coniferous) in China, Hong Kong SAR was estimated at $ in 2019, growing 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 continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. Consumption peaked at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.