Eastern Asia: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Eastern Asia

The East Asian market for saw logs and veneer logs (coniferous) dropped to $X in 2023, which is down by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Saw Logs And Veneer Logs (Coniferous) in Eastern Asia

In value terms, production of saw logs and veneer logs (coniferous) expanded significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded decline in overseas shipments of saw logs and veneer logs (coniferous), which decreased by X% to X cubic meters in 2023. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports of attained the maximum at X cubic meters in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (coniferous) rose to $X in 2023. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Japan (X cubic meters), together recording X% of total export.

Japan was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Japan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) also remains the largest saw logs and veneer logs (coniferous) supplier in Eastern Asia.

In Japan, exports of saw logs and veneer logs (coniferous) expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the export price saw prominent growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2023, the rate of growth in terms of prices for Japan amounted to X% per year.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in Eastern Asia

In 2023, approx. X cubic meters of saw logs and veneer logs (coniferous) were imported in Eastern Asia; which is down by X% against the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2017 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) fell sharply to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

China was the main importer of saw logs and veneer logs (coniferous) in Eastern Asia, with the volume of imports resulting at X cubic meters, which was near X% of total imports in 2023. Japan (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%).

China was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) imports, with a CAGR of X% from 2012 to 2023. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports.

In China, imports of saw logs and veneer logs (coniferous) remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per cubic meter, which is down by X% against the previous year. In general, the import price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per cubic meter), while Japan ($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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform