Finland: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Finland

The Finnish market for saw logs and veneer logs rose to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs in Finland

In value terms, saw logs and veneer logs production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production recorded a pronounced increase. The growth pace was the most rapid in 2019 with an increase of X%. Saw logs and veneer logs production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs

Exports from Finland

In 2023, approx. X cubic meters of saw logs and veneer logs were exported from Finland; waning by X% compared with the previous year. Overall, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X cubic meters. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, saw logs and veneer logs exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Sweden (X cubic meters) was the main destination for saw logs and veneer logs exports from Finland, accounting for a X% share of total exports. Moreover, saw logs and veneer logs exports to Sweden exceeded the volume sent to the second major destination, Estonia (X cubic meters), ninefold. Latvia (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Latvia (X% per year).

In value terms, Sweden ($X) remains the key foreign market for saw logs and veneer logs exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the average export price for saw logs and veneer logs amounted to $X per cubic meter, rising by X% against the previous year. Overall, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

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

Imports of Saw Logs And Veneer Logs

Imports into Finland

In 2023, purchases abroad of saw logs and veneer logs decreased by X% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, saw logs and veneer logs imports shrank slightly to $X in 2023. In general, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Estonia (X cubic meters), Sweden (X cubic meters) and Latvia (X cubic meters) were the main suppliers of saw logs and veneer logs imports to Finland, with a combined X% share of total imports.

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

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

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the import price posted strong growth. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter. From 2020 to 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Latvia ($X per cubic meter) and Lithuania ($X per cubic meter), while the price for Sweden ($X per cubic meter) and Estonia ($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 Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform