Market for Saw Logs And Veneer Logs (Non-Coniferous) in Thailand
Market Overview
The Thai market for saw logs and veneer logs (non-coniferous) was estimated at $
in , leveling off at 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, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by %. Consumption of peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
In value terms, production of saw logs and veneer logs (non-coniferous) stood at $ in estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Production of peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.
in , leveling off at 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, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by %. Consumption of peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.In value terms, production of saw logs and veneer logs (non-coniferous) stood at $
in estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Production of peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.Consumption
In , after five years of decline, there was growth in consumption of saw logs and veneer logs (non-coniferous), when its volume increased by % to cubic meters. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of cubic meters. From 2011 to , the growth of the consumption of remained at a lower figure.
The revenue of the market for saw logs and veneer logs (non-coniferous) in Thailand reached $ in , remaining stable 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, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by %. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, after five years of decline, there was growth in consumption of saw logs and veneer logs (non-coniferous), when its volume increased by % to cubic meters. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of cubic meters. From 2011 to , the growth of the consumption of remained at a lower figure.The revenue of the market for saw logs and veneer logs (non-coniferous) in Thailand reached $
in , remaining stable 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, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by %. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for saw logs and veneer logs (non-coniferous) in Thailand, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to cubic meters by the end of .
In value terms, the market is forecast to contract 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 .
% for the period from to , which is projected to depress the market volume to cubic meters by the end of .In value terms, the market is forecast to contract 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, imports of saw logs and veneer logs (non-coniferous) in Thailand 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
Thailand remains a net exporter of saw logs and veneer logs (non-coniferous); in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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