Updated Mar 20, 2023 00:28

Sawnwood (Non-Coniferous) Market in Belarus

Market Overview
In , the Belarusian sawnwood (non-coniferous) market decreased by -% to $, falling for the third consecutive year after three years of growth. In general, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) production fell to $ in estimated in export price. Overall, production saw a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2015 to , production growth failed to regain momentum.


Consumption
In , consumption of sawnwood (non-coniferous) decreased by -% to cubic meters, falling for the third year in a row after three years of growth. In general, consumption recorded a abrupt contraction. Sawnwood (non-coniferous) consumption peaked at cubic meters in 2009; however, from 2010 to , consumption remained at a lower figure.

The size of the sawnwood (non-coniferous) market in Belarus declined to $ in , with a decrease of -% 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 continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for sawnwood (non-coniferous) in Belarus, the market is expected to continue its downward consumption trend over the next eight-year period. 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 .


Market Structure
Driven by a growing demand, the share of imports in total supply in Belarus increased significantly over the last fifteen years (from % to %).


Trade Balance
Belarus remains a net exporter of sawnwood (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.