Australia's Sawnwood Price Skyrockets 18% to $290 per Cubic Meter After Bottoming in July

Australia Sawnwood Import Price in August 2022

In August 2022, the sawnwood price stood at $290 per cubic meter (CIF, Australia), jumping by 18% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $311 per cubic meter in April 2022; however, from May 2022 to August 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($454 per cubic meter), while the price for Brazil ($52.7 per cubic meter) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Australia Sawnwood Imports

In August 2022, imports of sawnwood into Australia surged to 242K cubic meters, jumping by 16% on July 2022 figures. The total import volume increased at an average monthly rate of +2.5% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 when imports increased by 40% month-to-month. As a result, imports reached the peak of 316K cubic meters. From April 2022 to August 2022, the growth of imports remained at a lower figure.

In value terms, sawnwood imports surged to $70M (IndexBox estimates) in August 2022. Over the period under review, total imports indicated a moderate increase from January 2022 to August 2022: its value increased at an average monthly rate of +3.2% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +36.1% against July 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 38% m-o-m. As a result, imports reached the peak of $89M. From April 2022 to August 2022, the growth of imports failed to regain momentum.

Australia Sawnwood Imports by Country

Germany (59K cubic meters), New Zealand (30K cubic meters) and Brazil (29K cubic meters) were the main suppliers of sawnwood imports to Australia, with a combined 49% share of total imports.

From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +53.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($16M), New Zealand ($9.1M) and Estonia ($6.8M) were the largest sawnwood suppliers to Australia, with a combined 46% share of total imports. These countries were followed by Sweden, Canada, the Czech Republic, Poland, Finland, the United States, China, Latvia, Brazil and Solomon Islands, which together accounted for a further 35%.

Brazil, with a CAGR of +34.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform