Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Papua New Guinea
In value terms, production of saw logs and veneer logs (non-coniferous) surged to $ in 2019 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
The size of the market for saw logs and veneer logs (non-coniferous) in Papua New Guinea soared 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 posted measured growth. The pace of growth was the most pronounced in 2016 when the market value increased by % against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the near future.