ASEAN: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in ASEAN

The ASEAN market for saw logs and veneer logs was estimated at $X in 2023, approximately reflecting the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Saw Logs And Veneer Logs in ASEAN

In value terms, saw logs and veneer logs production reached $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs

Exports in ASEAN

In 2023, the amount of saw logs and veneer logs exported in ASEAN shrank significantly to X cubic meters, with a decrease of X% compared with the year before. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, saw logs and veneer logs exports dropped to $X in 2023. Overall, exports showed a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporting country with an export of around X cubic meters, which resulted at X% of total exports. It was distantly followed by Cambodia (X cubic meters) and Lao People's Democratic Republic (X cubic meters), together making up a X% share of total exports. The following exporters - Vietnam (X cubic meters) and Indonesia (X cubic meters) - each resulted at a X% share of total exports.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Cambodia (X p.p.), Lao People's Democratic Republic (X p.p.) and Indonesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest saw logs and veneer logs supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Cambodia, with an X% share.

In Malaysia, saw logs and veneer logs exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per cubic meter in 2023, jumping by X% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the export price figures.

Imports of Saw Logs And Veneer Logs

Imports in ASEAN

In 2023, overseas purchases of saw logs and veneer logs decreased by X% to X cubic meters for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, saw logs and veneer logs imports expanded significantly to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X cubic meters) and Lao People's Democratic Republic (X cubic meters) prevails in imports structure, together creating X% of total imports. Cambodia (X cubic meters) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported saw logs and veneer logs in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports.

In Vietnam, saw logs and veneer logs imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Lao People's Democratic Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform