Australia: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Australia

The Australian market for saw logs and veneer logs (non-coniferous) dropped slightly to $X in 2023, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a slight reduction. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Australia

In value terms, production of saw logs and veneer logs (non-coniferous) declined to $X in 2023 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production of growth remained at a somewhat lower figure.

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Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports from Australia

In 2023, overseas shipments of saw logs and veneer logs (non-coniferous) decreased by X% to X cubic meters, falling for the fifth consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) reduced markedly to $X in 2023. Overall, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Australia, with a X% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to Malaysia exceeded the volume sent to the second major destination, Vietnam (X cubic meters), twofold. The third position in this ranking was taken by Singapore (X cubic meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Singapore (X% per year).

In value terms, Malaysia ($X), Vietnam ($X) and India ($X) were the largest markets for saw logs and veneer logs (non-coniferous) exported from Australia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports into Australia

In 2023, the amount of saw logs and veneer logs (non-coniferous) imported into Australia contracted to X cubic meters, waning by X% against the previous year. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) declined notably to $X in 2023. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to Australia, accounting for a X% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from China exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Australia, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, the import price faced a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for South Africa ($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 the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform