Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Iran
Market Overview
After four years of decline, the Iranian market for saw logs and veneer logs (non-coniferous) increased by 
% to $ in 2019. Overall, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2009 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.
In value terms, production of saw logs and veneer logs (non-coniferous) soared to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Production peaked at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
% to $ in 2019. Overall, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2009 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.In value terms, production of saw logs and veneer logs (non-coniferous) soared to $
in 2019 estimated in export prices. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Production peaked at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.Consumption
In 2019, after two years of growth, there was decline in consumption of saw logs and veneer logs (non-coniferous), when its volume decreased by -% to cubic meters. In general, consumption continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2012 when the consumption volume increased by % against the previous year. Consumption peaked at cubic meters in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
The value of the market for saw logs and veneer logs (non-coniferous) in Iran rose notably to $ in 2019, surging 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 recorded a deep downturn. The pace of growth was the most pronounced in 2009 with an increase of % year-to-year. Consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
% to cubic meters. In general, consumption continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2012 when the consumption volume increased by % against the previous year. Consumption peaked at cubic meters in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.The value of the market for saw logs and veneer logs (non-coniferous) in Iran rose notably to $
in 2019, surging 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 recorded a deep downturn. The pace of growth was the most pronounced in 2009 with an increase of % year-to-year. Consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for saw logs and veneer logs (non-coniferous) in Iran, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to cubic meters by the end of .
% for the period from 2019 to , which is projected to depress 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 Iran 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
Iran remains a net importer of saw logs and veneer logs (non-coniferous); in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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