Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) in Solomon Islands
In value terms, production of saw logs and veneer logs (non-coniferous) amounted to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in years to come.
The value of the market for saw logs and veneer logs (non-coniferous) in Solomon Islands declined remarkably to $ in 2019, shrinking 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 saw a deep reduction. The growth pace was the most rapid in 2014 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.