Australia and Oceania: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Australia and Oceania

The market for saw logs and veneer logs in Australia and Oceania skyrocketed to $X in 2023, increasing by X% against the previous year. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Production of Saw Logs And Veneer Logs in Australia and Oceania

In value terms, saw logs and veneer logs production expanded significantly to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Saw Logs And Veneer Logs

Exports in Australia and Oceania

In 2023, approx. X cubic meters of saw logs and veneer logs were exported in Australia and Oceania; shrinking by X% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X cubic meters in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, saw logs and veneer logs exports fell to $X in 2023. Total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, finishing at X cubic meters, which was near X% of total exports in 2023. Papua New Guinea (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Solomon Islands (X%). Australia (X cubic meters) held a relatively small share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of saw logs and veneer logs. At the same time, Solomon Islands (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Papua New Guinea (X%) and Australia (X%) illustrated a downward trend over the same period. While the share of Solomon Islands (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Papua New Guinea (X p.p.) and Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest saw logs and veneer logs supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports. It was followed by Solomon Islands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in New Zealand amounted to X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and Solomon Islands (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per cubic meter in 2023, with a decrease of X% against the previous year. Overall, the export price, however, showed temperate growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per cubic meter), while New Zealand ($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 Australia (X%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs

Imports in Australia and Oceania

In 2023, overseas purchases of saw logs and veneer logs 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 decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, saw logs and veneer logs imports declined remarkably to $X in 2023. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Fiji (X cubic meters), Australia (X cubic meters), French Polynesia (X cubic meters), Vanuatu (X cubic meters) and Marshall Islands (X cubic meters) represented roughly X% of total imports in 2023. It was distantly followed by New Caledonia (X cubic meters), comprising a X% share of total imports. Tonga (X cubic meters), Samoa (X cubic meters), Micronesia (X cubic meters), Kiribati (X cubic meters), Nauru (X cubic meters) and New Zealand (X cubic meters) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kiribati (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Fiji ($X) and French Polynesia ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Marshall Islands, New Zealand, New Caledonia, Nauru, Vanuatu, Kiribati, Micronesia, Samoa and Tonga lagged somewhat behind, together comprising a further X%.

Nauru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per cubic meter, dropping by X% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2023, the import prices failed to regain momentum.

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 New Zealand ($X per cubic meter), while Vanuatu ($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 Micronesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform