Puerto Rico: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Puerto Rico

The Puerto Rican market for saw logs and veneer logs amounted to less than $X in 2021, approximately reflecting 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 recorded a relatively flat trend pattern.

Exports of Saw Logs And Veneer Logs

Exports from Puerto Rico

In 2021, exports of saw logs and veneer logs from Puerto Rico was estimated at less than X cubic meters, remaining constant against the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, saw logs and veneer logs exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

New Zealand represented the key exporting country with an export of about X cubic meters, which accounted for 25% of total exports. The Czech Republic (X cubic meters) took a 9.6% share (based on physical terms) of total exports, which put it in second place, followed by Germany (8.6%), Russia (7.4%) and the United States (4.6%). The Netherlands (X cubic meters), Belgium (X cubic meters), Uruguay (X cubic meters), Norway (X cubic meters), Poland (X cubic meters), Canada (X cubic meters), France (X cubic meters) and Latvia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to saw logs and veneer logs exports from New Zealand stood at +8.2%. At the same time, the Netherlands (+28.4%), Belgium (+17.0%), Germany (+15.6%), the Czech Republic (+15.1%), Norway (+10.7%), Uruguay (+7.2%) and Poland (+7.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.4% from 2012-2021. By contrast, France (-1.5%), Latvia (-3.4%), Russia (-4.2%), Canada (-9.2%) and the United States (-11.6%) illustrated a downward trend over the same period. While the share of New Zealand (+10 p.p.), the Czech Republic (+6.4 p.p.), Germany (+5.8 p.p.), the Netherlands (+3.9 p.p.), Belgium (+2.7 p.p.) and Norway (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Canada (-4.3 p.p.), Russia (-5.7 p.p.) and the United States (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest saw logs and veneer logs supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was taken by the United States ($X), with an 11% share of global exports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at +14.7%. In the other countries, the average annual rates were as follows: the United States (+0.8% per year) and Germany (+14.1% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, flattening at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per thousand cubic meters), while Norway ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs

Imports into Puerto Rico

In 2021, the amount of saw logs and veneer logs imported into Puerto Rico amounted to less than X cubic meters, almost unchanged from the year before. Overall, imports saw a relatively flat trend pattern.

In value terms, saw logs and veneer logs imports stood at less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, China (X cubic meters) represented the key importer of saw logs and veneer logs, generating 43% of total imports. It was distantly followed by Austria (X cubic meters) and Sweden (X cubic meters), together comprising a 13% share of total imports. The following importers - Finland (X cubic meters), Germany (X cubic meters), Japan (X cubic meters), Free Zones (X cubic meters), Belgium (X cubic meters), India (X cubic meters), South Korea (X cubic meters), the Netherlands (X cubic meters) and Italy (X cubic meters) - together made up 27% of total imports.

From 2012 to 2021, average annual rates of growth with regard to saw logs and veneer logs imports into China stood at +5.2%. At the same time, Belgium (+14.6%), the Netherlands (+14.0%), Free Zones (+7.0%), Austria (+5.1%), India (+3.5%) and Finland (+3.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +14.6% from 2012-2021. Germany and Sweden experienced a relatively flat trend pattern. By contrast, Italy (-2.3%), Japan (-3.9%) and South Korea (-8.2%) illustrated a downward trend over the same period. While the share of China (+6.9 p.p.) and Belgium (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Sweden (-1.8 p.p.), Japan (-3.2 p.p.) and South Korea (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs into Puerto Rico, comprising 56% of global imports. The second position in the ranking was taken by India ($X), with a 5% share of global imports. It was followed by Austria, with a 4.6% share.

In China, saw logs and veneer logs imports increased at an average annual rate of +5.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-7.1% per year) and Austria (+2.8% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was India ($X per thousand cubic meters), while the Netherlands ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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