Updated Mar 11, 2023 19:46

Global Market for Saw Logs And Veneer Logs

Market Overview
The global market for saw logs and veneer logs reduced modestly to $ in , remaining relatively unchanged 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Global consumption peaked at $ in ; however, from to , consumption failed to regain momentum.

In value terms, saw logs and veneer logs production fell modestly to $ in estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by %. As a result, production attained the peak level of $. From to , global production growth failed to regain momentum.

The countries with the highest volumes of production in were the United States ( cubic meters), Russia ( cubic meters) and China ( cubic meters), together accounting for % of global production. Brazil, Canada, New Zealand, Indonesia, Sweden, Germany, Finland, India, Chile and Vietnam lagged somewhat behind, together comprising a further %.

From 2007 to , the biggest increases were recorded for New Zealand (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
In , global consumption of saw logs and veneer logs contracted modestly to cubic meters, declining by -% compared with . Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the consumption volume increased by %. Over the period under review, global consumption hit record highs at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The size of the market for saw logs and veneer logs worldwide fell to $ in , remaining relatively unchanged 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were the United States ( cubic meters), China ( cubic meters) and Russia ( cubic meters), with a combined % share of global consumption. These countries were followed by Brazil, Canada, Indonesia, Sweden, Finland, India, Germany, Chile, New Zealand and Vietnam, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for New Zealand (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by China.

From 2007 to , the average annual rate of growth in terms of value in Indonesia totaled +%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-% per year) and China (+% per year).

The countries with the highest levels of saw logs and veneer logs per capita consumption in were Finland ( cubic meters per person), New Zealand ( cubic meters per person) and Sweden ( cubic meters per person).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by New Zealand (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Consumption by Type
The products with the highest volumes of consumption in were saw logs and veneer logs (coniferous) ( cubic meters) and saw logs and veneer logs (non-coniferous) ( cubic meters).

From 2007 to , the biggest increases were recorded for saw logs and veneer logs (coniferous) (with a CAGR of +%).

In value terms, saw logs and veneer logs (non-coniferous) ($) led the market, alone. The second position in the ranking was held by saw logs and veneer logs (coniferous) ($).

From 2007 to , the average annual rate of growth in terms of the value of saw logs and veneer logs (non-coniferous) markets stood at +%.


Market Forecast
Driven by increasing demand for saw logs and veneer logs worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, 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 .