Hong Kong SAR, China: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Hong Kong SAR, China

In 2023, after three years of decline, there was significant growth in the Hong Kong market for saw logs and veneer logs (coniferous), when its value increased by X% to $X. In general, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Hong Kong SAR, China

In 2022, overseas shipments of saw logs and veneer logs (coniferous) increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of saw logs and veneer logs (coniferous) soared to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Hong Kong SAR, accounting for a X% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to India exceeded the volume sent to the second major destination, China (X cubic meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, India ($X) emerged as the key foreign market for saw logs and veneer logs (coniferous) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, with an increase of X% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for saw logs and veneer logs (coniferous) increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Hong Kong SAR, China

After three years of decline, supplies from abroad of saw logs and veneer logs (coniferous) increased by X% to X cubic meters in 2023. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) skyrocketed to $X in 2023. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, New Zealand (X cubic meters) constituted the largest saw logs and veneer logs (coniferous) supplier to Hong Kong SAR, with a X% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold. South Africa (X cubic meters) ranked third in terms of total imports with a X% share.

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

In value terms, New Zealand ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2023, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per cubic meter), while the price for the Czech Republic ($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 Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform