Malaysia: Overview of the Market for Saw Logs And Veneer Logs (Non-Coniferous) 2021

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

In 2019, after three years of growth, there was significant decline in the Malaysian market for saw logs and veneer logs (non-coniferous), when its value decreased by -X% to $X. Over the period under review, consumption recorded a deep setback. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Consumption peaked at $X in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) contracted to $X in 2019 estimated in export prices. Overall, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2009; however, from 2010 to 2019, production remained at a lower figure.

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

Exports from Malaysia

In 2019, overseas shipments of saw logs and veneer logs (non-coniferous) decreased by -X% to X cubic meters, falling for the fourth consecutive year after three years of growth. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X cubic meters in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) declined remarkably to $X in 2019. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth of exports remained at a lower figure.

Exports by Country

India (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Malaysia, with a X% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to India exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), sixfold. Indonesia (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Indonesia (+X% per year).

In value terms, India ($X) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to India stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2019, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Indonesia ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

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

Imports into Malaysia

In 2019, purchases abroad of saw logs and veneer logs (non-coniferous) increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, imports of saw logs and veneer logs (non-coniferous) surged to $X in 2019. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Australia (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to Malaysia, accounting for a X% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from Australia exceeded the figures recorded by the second-largest supplier, Suriname (X cubic meters), twofold. The third position in this ranking was occupied by the U.S. (X cubic meters), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Suriname (+X% per year) and the U.S. (-X% per year).

In value terms, Australia ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2019, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, waning by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Australia ($X per cubic meter), while the price for Suriname ($X per cubic meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for saw logs and veneer logs (non-coniferous) in the world?

+

The countries with the highest volumes of consumption of saw logs and veneer logs (non-coniferous) in 2019 were China (182M cubic meters), Brazil (113M cubic meters) and the U.S. (92M cubic meters), with a combined 44% share of global consumption. Indonesia, India, Viet Nam, Russia, Canada, Finland, Chile, Australia and Thailand lagged somewhat behind, together comprising a further 32%.

What are the largest producers of saw logs and veneer logs (non-coniferous) in the world?

+

The countries with the highest volumes of production of saw logs and veneer logs (non-coniferous) in 2019 were China (160M cubic meters), Brazil (114M cubic meters) and the U.S. (94M cubic meters), together accounting for 42% of global production. These countries were followed by Indonesia, India, Russia, Viet Nam, Canada, Chile, Australia and Thailand, which together accounted for a further 31%.

What are the leading suppliers of saw logs and veneer logs (non-coniferous) to Malaysia?

+

In value terms, Australia ($17M) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Malaysia, comprising 78% of total imports. The second position in the ranking was occupied by the U.S. ($2M), with a 9.2% share of total imports. It was followed by Belgium, with a 6.7% share.

What are the leading importers of saw logs and veneer logs (non-coniferous) from Malaysia?

+

In value terms, India ($120M) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Malaysia, comprising 63% of total exports. The second position in the ranking was occupied by Indonesia ($33M), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 8.5% share.

What is the average export price for saw logs and veneer logs (non-coniferous) in Malaysia?

+

The average export price for saw logs and veneer logs (non-coniferous) stood at $191 per cubic meter in 2019, dropping by -4.3% against the previous year.

What is the average import price for saw logs and veneer logs (non-coniferous) in Malaysia?

+

The average import price for saw logs and veneer logs (non-coniferous) stood at $197 per cubic meter in 2019, shrinking by -28.9% against the previous year.