Sawn Wood Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 757.33 Million |
| Market Size (2029) | USD 785.77 Million |
| CAGR (2024 - 2029) | 0.74 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Sawn Wood Market Analysis
The Sawn Wood Market size is estimated at USD 757.33 million in 2024, and is expected to reach USD 785.77 million by 2029, growing at a CAGR of 0.74% during the forecast period (2024-2029).
- Sawn wood is used for various purposes, such as building materials, paper production, fire starter, and domestic house construction for wall studs and floor and roof framing members. Changes in income have had a substantial impact on the demand for sawn wood. Generally speaking, higher income is linked to increased demand for wood products, especially those used in housing and building.
- Globally, Asia-Pacific is the largest market for sawn wood. One of the region's largest consumers of sawn wood is China. The rapid growth of the Chinese children's furniture industry, which makes extensive use of spruce-sawn wood, is the key factor driving increased demand for sawn wood. According to Food and Agriculture Organization (FAO) statistics, China produced 90.3 million m3 of sawn wood in 2018, which decreased to 84.0 million m3 in 2021 due to increased dependency on imports. The other main regional producers are Japan, Turkey, Vietnam, India, Thailand, and Malaysia.
- Wood is used more frequently to replace non-renewable materials since it is renewable, recyclable, environmentally friendly, and adaptable. It is a vital component of attempts to address the global threats to the environment, biodiversity, and climate brought on by the overuse of non-renewable resources. Over the past few years, the consumption of sawn wood in China grew by 34%, and the USA's consumption grew by 11%. The other three main consumers of sawn wood globally are Germany, Canada, and Japan.
Sawn Wood Market Trends
Rising Sawn Wood Production and Export Potentiality
- Global sawn wood production is increasing due to increasing demand. According to the FAO statistics, global sawn wood production increased by 1.9% in 2021 compared to the previous year. The increase in the production of sawn wood is mainly driven by rapid developments in the furniture and construction sector, where sawn wood is widely used.
- Also, increasing population, rapid urbanization, and changing levels of income are some factors boosting the production and export potential of the sawn wood. With this growing momentum set to continue, the world's largest producing countries, largest exporters, and importers are expected to witness a stronger increase in their production and trading volumes over the near future.
- The growing demand for wood in the interiors as a surface material for walls, ceilings and floors, furniture, stairs, windows, and doors, in features and decorations, from small private facilities as well as large public social and official premises across the globe, was facilitating the growth of exports. Factors such as favorable climatic conditions in major producing countries and demand for wood from the construction sector support the market.
Asia-Pacific Dominates the Sawn Wood Market
- Asia-Pacific is the largest market for sawn wood in the global market. China is one of the major consumers of sawn wood in the region. According to Food and Agriculture Organization (FAO) statistics, the production of sawn wood increased by 0.7% in the region in 2021 from the previous year. In 2021, the Asia-Pacific accounted for 32.0% of global production.
- In 2021, the Asia-Pacific region imported sawn wood of 56.8 million m3, worth USD 16.9 billion. The import value in the region increased by 11.9% in 2021 compared to the previous year due to increasing consumption demand mainly driven by the construction and furniture sectors.
- Most of the wood consumed in the region was used by industries such as papermaking, manufacturing fiberboard, particleboard, furniture, and plywood. Imports of sawn wood were mainly softwood in terms of volume, whereas in terms of value, hardwoods were higher than softwoods. An increase in consumption volumes is mainly driven by the rapid increase in the demand by the furniture sector, where sawn wood is widely used. Therefore, the above-mentioned factors drive the market in the region.
Sawn Wood Market News
- February 2023: Stora Enso, a leading provider of renewable products in wooden construction, sees a 7% dip in 2022 Wood Products division sales, mainly impacted by lower sales prices, especially for sawn wood.
- Nov 2021: The government of Puducherry (India) made a regulation that says wood-based industries shall be allowed to operate as per State-specific order/any specific order/Directions of the Hon'ble Supreme Court/Hon'ble High Court of Judicature at Madras/Central Empowered Committee or beyond ten kilometers of aerial distance from the boundary of nearest notified forests or protected areas excluding roadside/railway side/canal side plantations, whichever is less.
- August 2021: Turkey issued an export ban on sawn wood to prevent illegal export activities and prevent the passage of goods that are not suitable for export.
Sawn Wood Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain Analysis
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Hard Wood
- 5.1.2 Soft Wood
-
5.2 Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 Russia
- 5.2.2.2 Germany
- 5.2.2.3 Sweden
- 5.2.2.4 Finland
- 5.2.2.5 Austria
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 NewZeland
- 5.2.3.4 Australia
- 5.2.3.5 Vietnam
- 5.2.3.6 Japan
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.5 Middle East And Africa
- 5.2.5.1 Turkey
- 5.2.5.2 Egypt
- 5.2.5.3 Nigeria
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySawn Wood Industry Segmentation
Sawn wood is defined as wood that is cut from logs into different shapes and sizes. For the purpose of the study, both coniferous and non-coniferous sawn wood is considered.
The sawn wood market is segmented by type (hardwood and softwood) and geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report includes the production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The report offers the market size and forecasts in terms of Volume in metric tons and Value in USD thousand for all the above segments.
| Type | Hard Wood | |
| Soft Wood | ||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | North America | United States |
| Canada | ||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | Europe | Russia |
| Germany | ||
| Sweden | ||
| Finland | ||
| Austria | ||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | Asia-Pacific | China |
| India | ||
| NewZeland | ||
| Australia | ||
| Vietnam | ||
| Japan | ||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | South America | Brazil |
| Argentina | ||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | Middle East And Africa | Turkey |
| Egypt | ||
| Nigeria |
Sawn Wood Market Research FAQs
How big is the Sawn Wood Market?
The Sawn Wood Market size is expected to reach USD 757.33 million in 2024 and grow at a CAGR of 0.74% to reach USD 785.77 million by 2029.
What is the current Sawn Wood Market size?
In 2024, the Sawn Wood Market size is expected to reach USD 757.33 million.
Which is the fastest growing region in Sawn Wood Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sawn Wood Market?
In 2024, the Asia-Pacific accounts for the largest market share in Sawn Wood Market.
What years does this Sawn Wood Market cover, and what was the market size in 2023?
In 2023, the Sawn Wood Market size was estimated at USD 751.77 million. The report covers the Sawn Wood Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sawn Wood Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sawn Wood Industry Report
Statistics for the 2024 Sawn Wood market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sawn Wood analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
