Africa: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Africa

In 2023, the African market for saw logs and veneer logs (coniferous) decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Africa

In value terms, production of saw logs and veneer logs (coniferous) rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Africa

In 2023, shipments abroad of saw logs and veneer logs (coniferous) was finally on the rise to reach X cubic meters for the first time since 2020, thus ending a two-year declining trend. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, exports of saw logs and veneer logs (coniferous) dropped to $X in 2023. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

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

South Africa 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 South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2023, the export price in Africa amounted to $X per cubic meter, declining by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2022, and then dropped remarkably in the following year.

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

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

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in Africa

In 2023, supplies from abroad of saw logs and veneer logs (coniferous) decreased by X% to X cubic meters for the first time since 2020, thus ending a two-year rising trend. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports of hit record highs at X cubic meters in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) dropped rapidly to $X in 2023. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Egypt (X cubic meters) represented the major importer of saw logs and veneer logs (coniferous), generating X% of total imports. Algeria (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Botswana (X%). The following importers - South Africa (X cubic meters), Morocco (X cubic meters), Nigeria (X cubic meters) and Mozambique (X cubic meters) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to saw logs and veneer logs (coniferous) imports into Egypt stood at X%. At the same time, Algeria (X%), Nigeria (X%), South Africa (X%), Mozambique (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Morocco (X%) illustrated a downward trend over the same period. While the share of Algeria (X p.p.), Botswana (X p.p.), South Africa (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Morocco (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in Africa, comprising X% of total imports. The second position in the ranking was taken by Botswana ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Egypt amounted to X%. In the other countries, the average annual rates were as follows: Botswana (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2023, increasing by X% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

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 Mozambique ($X per cubic meter), while Algeria ($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 Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform