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

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

The Indian market for saw logs and veneer logs (non-coniferous) fell to $X in 2023, with a decrease of X% against the previous year. Overall, consumption recorded a mild contraction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of saw logs and veneer logs (non-coniferous) declined slightly to $X in 2023 estimated in export price. In general, production showed a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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

Exports from India

In 2023, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were exported from India; increasing by X% on 2022 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2016 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) skyrocketed to $X in 2023. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

China (X cubic meters), Hong Kong SAR (X cubic meters) and Singapore (X cubic meters) were the main destinations of exports of saw logs and veneer logs (non-coniferous) from India, with a combined X% share of total exports. Qatar lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for saw logs and veneer logs (non-coniferous) exported from India were China ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export 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, export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for saw logs and veneer logs (non-coniferous) increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while the average price for exports to Qatar ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2023, imports of saw logs and veneer logs (non-coniferous) into India fell sharply to X cubic meters, which is down by X% compared with the year before. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) reduced rapidly to $X in 2023. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia (X cubic meters), Solomon Islands (X cubic meters) and Papua New Guinea (X cubic meters) were the main suppliers of imports of saw logs and veneer logs (non-coniferous) to India, together comprising X% of total imports. Suriname, Belgium, Ecuador, Ghana, Singapore, Brazil, Panama, Costa Rica, Germany and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to India, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports. It was followed by Solomon Islands, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Solomon Islands (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 2023, dropping by X% against the previous year. Overall, the import price faced a abrupt slump. The pace of growth appeared the most rapid in 2013 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 2014 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for Belgium ($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 Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform