Sawnwood (Non-Coniferous) Market

The global sawnwood (non-coniferous) market is expected to see an increase in both consumption and production over the next eight years. China leads in consumption, with an anticipated growth rate of 3.1% annually, while India and the United States show varying trends. In terms of production, China, India, and the United States are major players, with India experiencing the highest growth rate. The United States remains a top exporter of sawnwood, with the largest market share. Import prices vary by country, with the United States and Germany commanding higher prices. Overall, the market shows signs of growth and stability in the coming years.

Market Forecast

Driven by increasing demand for sawnwood (non-coniferous) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 200M cubic meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market value to $145.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sawnwood (Non-Coniferous)

Global sawnwood (non-coniferous) consumption fell slightly to 152M cubic meters in 2022, which is down by -2.7% against 2021 figures. The total consumption volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, global consumption reached the peak volume at 166M cubic meters in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The global sawnwood (non-coniferous) market size dropped slightly to $91.9B in 2022, flattening at 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). Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. Global consumption peaked at $122.1B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

China (54M cubic meters) constituted the country with the largest volume of sawnwood (non-coniferous) consumption, comprising approx. 36% of total volume. Moreover, sawnwood (non-coniferous) consumption in China exceeded the figures recorded by the second-largest consumer, India (24M cubic meters), twofold. The United States (15M cubic meters) ranked third in terms of total consumption with a 9.9% share.

In China, sawnwood (non-coniferous) consumption expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+17.0% per year) and the United States (-0.9% per year).

In value terms, China ($40.3B) led the market, alone. The second position in the ranking was held by India ($17.6B). It was followed by the United States.

In China, the sawnwood (non-coniferous) market expanded at an average annual rate of +3.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: India (+10.8% per year) and the United States (+0.0% per year).

The countries with the highest levels of sawnwood (non-coniferous) per capita consumption in 2022 were Malaysia (69 cubic meters per 1000 persons), Vietnam (63 cubic meters per 1000 persons) and the United States (45 cubic meters per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +15.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Sawnwood (Non-Coniferous)

In 2022, production of sawnwood (non-coniferous) increased by 1.8% to 148M cubic meters, rising for the second consecutive year after five years of decline. The total output volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 48%. As a result, production attained the peak volume of 196M cubic meters. From 2016 to 2022, global production growth remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) production contracted to $80.4B in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 40%. Over the period under review, global production attained the peak level at $118.8B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (44M cubic meters), India (24M cubic meters) and the United States (18M cubic meters), with a combined 58% share of global production.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +17.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Sawnwood (Non-Coniferous)

In 2022, after two years of growth, there was significant decline in purchases abroad of sawnwood (non-coniferous), when their volume decreased by -10.6% to 36M cubic meters. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of 40M cubic meters, and then contracted in the following year.

In value terms, sawnwood (non-coniferous) imports rose modestly to $12.4B in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, global imports attained the peak figure at $12.9B in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

China represented the major importer of sawnwood (non-coniferous) in the world, with the volume of imports resulting at 10M cubic meters, which was near 29% of total imports in 2022. Belgium (3.6M cubic meters) ranks second in terms of the total imports with a 10% share, followed by the UK (5.9%) and the Netherlands (5.2%). Ireland (1,266K cubic meters), Spain (1,125K cubic meters), Italy (1,017K cubic meters), the Czech Republic (1,012K cubic meters), Vietnam (926K cubic meters), the Philippines (911K cubic meters), France (908K cubic meters), the United States (787K cubic meters) and Austria (752K cubic meters) held a relatively small share of total imports.

Imports into China increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Ireland (+45.6%), the Czech Republic (+25.1%), Belgium (+22.7%), the Philippines (+16.9%), Austria (+15.3%), the UK (+13.1%), the Netherlands (+10.2%), Vietnam (+5.7%), France (+5.3%), Spain (+4.1%) and Italy (+2.3%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the world, with a CAGR of +45.6% from 2012-2022. The United States experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium, the UK, Ireland, China, the Netherlands, the Czech Republic and the Philippines increased by +8.2, +3.5, +3.4, +2.7, +2.4, +2.4 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3.9B) constitutes the largest market for imported sawnwood (non-coniferous) worldwide, comprising 32% of global imports. The second position in the ranking was held by the United States ($700M), with a 5.7% share of global imports. It was followed by the UK, with a 4.4% share.

In China, sawnwood (non-coniferous) imports increased at an average annual rate of +3.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+4.4% per year) and the UK (+4.3% per year).

Import Prices By Country

In 2022, the average sawnwood (non-coniferous) import price amounted to $345 per cubic meter, surging by 14% against the previous year. In general, the import price, however, saw a mild descent. Over the period under review, average import prices reached the peak figure at $431 per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($889 per cubic meter), while Ireland ($32 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sawnwood (Non-Coniferous)

In 2022, overseas shipments of sawnwood (non-coniferous) increased by 8.7% to 33M cubic meters, rising for the third consecutive year after four years of decline. Over the period under review, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2015 when exports increased by 188%. As a result, the exports attained the peak of 90M cubic meters. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports rose slightly to $11.2B in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 25%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports By Country

The shipments of the four major exporters of sawnwood (non-coniferous), namely Belgium, the United States, the Netherlands and Thailand, represented more than third of total export. It was distantly followed by Russia (1.8M cubic meters), generating a 5.5% share of total exports. France (1,282K cubic meters), Croatia (1,275K cubic meters), Gabon (1,050K cubic meters), Cameroon (1,000K cubic meters), Poland (998K cubic meters), Latvia (824K cubic meters), Romania (735K cubic meters) and Germany (715K cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +29.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.3B) remains the largest sawnwood (non-coniferous) supplier worldwide, comprising 20% of global exports. The second position in the ranking was held by Thailand ($1B), with a 9% share of global exports. It was followed by Cameroon, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+3.6% per year) and Cameroon (+7.2% per year).

Export Prices By Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $342 per cubic meter, dropping by -6.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 130%. The global export price peaked at $408 per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($668 per cubic meter), while the Netherlands ($38 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform