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 2020, the Malaysian market for saw logs and veneer logs (non-coniferous) decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a abrupt descent. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Consumption peaked at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) reduced to $X in 2020 estimated in export prices. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Production peaked at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

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

Exports from Malaysia

In 2020, shipments abroad of saw logs and veneer logs (non-coniferous) decreased by -X% to X cubic meters, falling for the sixth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at X cubic meters in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) fell sharply to $X in 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2012 to 2020, the growth of exports remained at a somewhat 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, accounting for 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), fivefold. Indonesia (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2020, 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: 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 2020, 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: Indonesia (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2020, the average export 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 export price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per cubic meter. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, 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 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced a decline.

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

Imports into Malaysia

In 2020, purchases abroad of saw logs and veneer logs (non-coniferous) increased by X% to X cubic meters, rising for the second year in a row after four years of decline. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of saw logs and veneer logs (non-coniferous) skyrocketed to $X in 2020. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Australia (X cubic meters) constituted the largest supplier of saw logs and veneer logs (non-coniferous) 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, Papua New Guinea (X cubic meters), threefold. Uruguay (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+X% per year) and Uruguay (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+X% per year) and Uruguay (+X% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2020, leveling off at the previous year. Over the period under review, import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for saw logs and veneer logs (non-coniferous) decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of consumption of saw logs and veneer logs (non-coniferous) in 2020 were China (181M cubic meters), Brazil (102M cubic meters) and the U.S. (91M cubic meters), together comprising 41% of global consumption. Indonesia, India, Viet Nam, Russia, Canada, Chile, Australia, Thailand, Finland and Malaysia lagged somewhat behind, together comprising a further 34%.

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

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The countries with the highest volumes of production of saw logs and veneer logs (non-coniferous) in 2020 were China (164M cubic meters), Brazil (103M cubic meters) and the U.S. (92M cubic meters), together accounting for 40% of global production. Indonesia, India, Russia, Viet Nam, Canada, Chile, Australia, Thailand and Malaysia lagged somewhat behind, together accounting for a further 33%.

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

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In value terms, Australia ($26M) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Malaysia, comprising 73% of total imports. The second position in the ranking was occupied by Papua New Guinea ($7.4M), with a 21% share of total imports. It was followed by Uruguay, with a 1.6% share.

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

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In value terms, India ($76M) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Malaysia, comprising 62% of total exports. The second position in the ranking was occupied by Indonesia ($23M), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

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

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The average export price for saw logs and veneer logs (non-coniferous) stood at $168 per cubic meter in 2020, shrinking by -8.8% against the previous year.

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

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The average import price for saw logs and veneer logs (non-coniferous) stood at $239 per cubic meter in 2020, flattening at the previous year.