Updated Mar 11, 2023 23:15

Market for Saw Logs And Veneer Logs (Non-Coniferous) in India

Market Overview
After two years of growth, the Indian market for saw logs and veneer logs (non-coniferous) decreased by -% to $ in . Overall, consumption recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.

In value terms, production of saw logs and veneer logs (non-coniferous) reached $ in estimated in export price. In general, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, production of hit record highs at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.


Consumption
In , approx. cubic meters of saw logs and veneer logs (non-coniferous) were consumed in India; reducing by -% compared with figures. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption of hit record highs at cubic meters in 2012; however, from 2013 to , consumption remained at a lower figure.

The revenue of the market for saw logs and veneer logs (non-coniferous) in India shrank slightly to $ in , reducing 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 continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 when the market value increased by %. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for saw logs and veneer logs (non-coniferous) in India, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total saw logs and veneer logs (non-coniferous) consumption in India was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the India saw logs and veneer logs (non-coniferous) market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.


Trade Balance
India remains a net importer of saw logs and veneer logs (non-coniferous); in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of cubic meters, which was equal to $.