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

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

The East Asian market for saw logs and veneer logs (non-coniferous) dropped modestly to $X in 2023, shrinking by X% against the previous year. Overall, consumption saw a slight decrease. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

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

In value terms, production of saw logs and veneer logs (non-coniferous) contracted slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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

Exports in Eastern Asia

Exports of saw logs and veneer logs (non-coniferous) declined dramatically to X cubic meters in 2023, falling by X% compared with the year before. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X cubic meters in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) contracted remarkably to $X in 2023. In general, exports faced a significant contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X cubic meters), Japan (X cubic meters), Taiwan (Chinese) (X cubic meters) and China (X cubic meters) represented roughly X% of total exports in 2023. South Korea (X cubic meters) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Japan and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per cubic meter, which is down by X% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while Japan ($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 Japan (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

In 2023, imports of saw logs and veneer logs (non-coniferous) in Eastern Asia dropped rapidly to X cubic meters, which is down by X% against the previous year. In general, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) contracted remarkably to $X in 2023. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of saw logs and veneer logs (non-coniferous) in 2023 were China (X cubic meters), together reaching X% of total import.

China was also the fastest-growing in terms of the saw logs and veneer logs (non-coniferous) imports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Eastern Asia.

In China, imports of saw logs and veneer logs (non-coniferous) contracted by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per cubic meter, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform