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

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

The Estonian market for saw logs and veneer logs (coniferous) reduced to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market attained the maximum level at $X in 2022, and then declined in the following year.

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

In value terms, production of saw logs and veneer logs (coniferous) fell modestly to $X in 2023 estimated in export price. Over the period under review, the total production 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Estonia

Exports of saw logs and veneer logs (coniferous) from Estonia surged to X cubic meters in 2023, jumping by X% compared with 2022 figures. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports of reached the peak figure at X cubic meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) surged to $X in 2023. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Sweden (X cubic meters), Finland (X cubic meters) and Germany (X cubic meters) were the main destinations of exports of saw logs and veneer logs (coniferous) from Estonia, together accounting for X% of total exports. Latvia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Finland ($X), Sweden ($X) and Germany ($X) were the largest markets for saw logs and veneer logs (coniferous) exported from Estonia worldwide, with a combined X% share of total exports. Latvia and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 (coniferous) amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Germany ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Estonia

In 2023, after six years of growth, there was significant decline in purchases abroad of saw logs and veneer logs (coniferous), when their volume decreased by X% to X cubic meters. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2022, and then dropped significantly in the following year.

In value terms, imports of saw logs and veneer logs (coniferous) reduced markedly to $X in 2023. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then fell markedly in the following year.

Imports by Country

Latvia (X cubic meters), Finland (X cubic meters) and Norway (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (coniferous) to Estonia, with a combined X% share of total imports. Poland, Sweden and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest saw logs and veneer logs (coniferous) suppliers to Estonia were Latvia ($X), Finland ($X) and Norway ($X), together comprising X% of total imports.

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, standing approx. at the previous year. Overall, import price indicated a remarkable increase from 2012 to 2023: its price 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, import price for saw logs and veneer logs (coniferous) increased by X% against 2017 indices. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Lithuania ($X per cubic meter) and Norway ($X per cubic meter), while the price for Finland ($X per cubic meter) and Latvia ($X per cubic meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform