Eastern Asia: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Eastern Asia

The East Asian market for saw logs and veneer logs fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs in Eastern Asia

In value terms, saw logs and veneer logs production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Saw Logs And Veneer Logs

Exports in Eastern Asia

In 2023, shipments abroad of saw logs and veneer logs decreased by X% to X cubic meters, falling for the third year in a row after two years of growth. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, saw logs and veneer logs exports declined to $X in 2023. In general, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan prevails in exports structure, accounting for X cubic meters, which was near X% of total exports in 2023. Hong Kong SAR (X cubic meters) took a relatively small share of total exports.

Japan was also the fastest-growing in terms of the saw logs and veneer logs exports, with a CAGR of X% from 2012 to 2023. Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Japan ($X) remains the largest saw logs and veneer logs supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Japan stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per cubic meter, remaining relatively unchanged against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Japan totaled $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Saw Logs And Veneer Logs

Imports in Eastern Asia

In 2023, the amount of saw logs and veneer logs imported in Eastern Asia declined significantly to X cubic meters, with a decrease of X% on 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, saw logs and veneer logs imports declined notably to $X in 2023. In general, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

China was the major importer of saw logs and veneer logs in Eastern Asia, with the volume of imports resulting at X cubic meters, which was approx. X% of total imports in 2023. Japan (X cubic meters) held the second position in the ranking, followed by South Korea (X cubic meters). All these countries together held near X% share of total imports.

China was also the fastest-growing in terms of the saw logs and veneer logs imports, with a CAGR of X% from 2012 to 2023. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

In China, saw logs and veneer logs imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per cubic meter, which is down by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price 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. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2022, and then declined in the following year.

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 China ($X per cubic meter), while South Korea ($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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform