Tanzania: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

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

The Tanzanian market for saw logs and veneer logs (non-coniferous) declined to $X in 2023, almost unchanged from the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) dropped to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production of growth remained at a lower figure.

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

Exports from Tanzania

In 2023, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were exported from Tanzania; stabilizing at the previous year. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2019 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) rose rapidly to $X in 2023. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Tanzania, accounting for a X% share of total exports. It was followed by India (X cubic meters), with a X% share of total exports. The third position in this ranking was taken by Italy (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Democratic Republic of the Congo ($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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Tanzania

In 2023, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were imported into Tanzania; shrinking by X% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports of attained the peak figure at X cubic meters in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) declined slightly to $X in 2023. In general, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Democratic Republic of the Congo (X cubic meters), Australia (X cubic meters) and South Africa (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (non-coniferous) to Tanzania, with a combined X% share of total imports.

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

In value terms, Democratic Republic of the Congo ($X), Australia ($X) and South Africa ($X) were the largest saw logs and veneer logs (non-coniferous) suppliers to Tanzania, with a combined X% share of total imports.

In terms of the main suppliers, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform