Mexico: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Mexico

The Mexican market for saw logs and veneer logs expanded sharply to $X in 2023, surging by X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Saw Logs And Veneer Logs in Mexico

In value terms, saw logs and veneer logs production amounted to $X in 2023 estimated in export price. In general, production showed a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Saw logs and veneer logs production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs

Exports from Mexico

In 2023, shipments abroad of saw logs and veneer logs decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, saw logs and veneer logs exports contracted notably to $X in 2023. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2022, and then fell rapidly in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for saw logs and veneer logs exports from Mexico, with a X% share of total exports. Moreover, saw logs and veneer logs exports to the United States exceeded the volume sent to the second major destination, Japan (X cubic meters), twofold. China (X cubic meters) ranked third in terms of total exports with an X% share.

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

In value terms, the United States ($X), Japan ($X) and Slovenia ($X) appeared to be the largest markets for saw logs and veneer logs exported from Mexico worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for saw logs and veneer logs stood at $X per cubic meter in 2023, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to the United States ($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 Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saw Logs And Veneer Logs

Imports into Mexico

In 2021, supplies from abroad of saw logs and veneer logs decreased by X% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, saw logs and veneer logs imports declined notably to $X in 2021. In general, imports faced a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X cubic meters) was the main saw logs and veneer logs supplier to Mexico, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of saw logs and veneer logs to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

The average import price for saw logs and veneer logs stood at $X per cubic meter in 2021, reducing by X% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform