Updated Mar 19, 2023 22:35

Global Sawnwood (Non-Coniferous) Market

Market Overview
In , the global sawnwood (non-coniferous) market increased by % to $, rising for the second year in a row after two years of decline. In general, consumption enjoyed a temperate increase. Global consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) production reduced to $ in estimated in export price. Over the period under review, production saw a notable increase. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Global production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.

The countries with the highest volumes of production in were China ( cubic meters), India ( cubic meters) and Croatia ( cubic meters), with a combined % share of global production.

From 2007 to , the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Croatia (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
In , consumption of sawnwood (non-coniferous) increased by % to cubic meters, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a measured expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, global consumption reached the maximum volume in and is expected to retain growth in the immediate term.

The global sawnwood (non-coniferous) market revenue was estimated at $ in , rising 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 a noticeable expansion. Over the period under review, the global market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.


Consumption by Country
The country with the largest volume of sawnwood (non-coniferous) consumption was China ( cubic meters), accounting for % of total volume. Moreover, sawnwood (non-coniferous) consumption in China exceeded the figures recorded by the second-largest consumer, India ( cubic meters), twofold. The third position in this ranking was taken by Croatia ( cubic meters), with an % share.

From 2007 to , the average annual growth rate of volume in China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and Croatia (+% per year).

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

In China, the sawnwood (non-coniferous) market expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and the United States (-% per year).

The countries with the highest levels of sawnwood (non-coniferous) per capita consumption in were Croatia ( cubic meters per person), Latvia ( cubic meters per person) and Slovenia ( cubic meters per person).

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


Market Forecast
Driven by increasing demand for sawnwood (non-coniferous) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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 .