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 |
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, at a CAGR of 0.74% during the forecast period (2024-2029).
- The global sawn wood market plays a pivotal role in the timber and forestry industry, serving sectors such as construction, furniture manufacturing, and packaging. Fueled by a growing appetite for sustainable materials, and an increase in the percentage of the urban population that has surged in construction activities, the studied market has witnessed notable expansion. For instance, as per the World Bank, the global urban population in 2021 was 56% which increased and reached 57% in 2023. Demand for sawn wood is predominantly spurred by the construction and real estate sectors, utilizing it for framing, flooring, and various structural applications. Notably, the residential housing segment stands out as a primary demand driver. Additionally, the packaging sector's appetite for sawn wood, especially for pallets and crates, is on the rise. This surge is largely attributed to the e-commerce boom and global trade dynamics, further propelling the market's growth.
- Furthermore, the escalating preference for sustainable and eco-friendly building materials is amplifying market growth. As the emphasis on sustainable building practices intensifies, wood is increasingly favored as an eco-friendly alternative to steel and concrete. There's a growing prominence of certified wood products, notably those endorsed by the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC). Yet, challenges loom in the form of global environmental concerns, particularly deforestation, which could hinder sustainable growth. Regions with stringent environmental regulations are likely to see a pronounced benefit from the industry's shift towards green building practices and sustainable materials.
Sawn Wood Market Trends
Hard Wood Market is Growing
- Driven by its durability, aesthetic appeal, and versatility, the hardwood market is on the rise. These attributes make hardwood a favored choice for flooring, cabinetry, and interior design. Hardwood species such as oak, walnut, mahogany, and teak are prized for their strength and beauty. As sustainable building practices gain traction, regions like Europe, North America, and Asia-Pacific are witnessing a surge in hardwood demand, especially with the rising popularity of wood-based construction materials.
- Hardwood flooring is not just a choice; it's viewed as a premium, long-lasting investment that enhances the value of both homes and commercial spaces. In North America and Europe, engineered hardwood flooring is seeing a notable uptick in demand, with oak, maple, and cherry emerging as the top choices.
- Further, hardwood is also making waves in outdoor applications. Decking and fencing, particularly in the United States and Australia, are increasingly being crafted from hardwood. Species like teak and ipe are preferred for their weather and pest resistance. This trend has bolstered the overall production of swan wood. For instance, as per FAOSTAT, the global sawnwood production rose from 479,969,657 meter cube in 2020 to 481,256,472 meter cube in 2022.
- Moreover, technological advancements are further fueling this growth. Enhanced sawmilling technologies and wood treatments have streamlined the processing of hardwoods, minimizing waste and elevating the quality of sawn wood. Such improvements are broadening hardwood's appeal for large-scale commercial uses.
Asia-Pacific Dominates the Sawn Wood Market
- The Asia-Pacific region leads the global sawn wood market, primarily due to its robust demand from the region's manufacturing sector. Key players, including China, India, Japan, and various Southeast Asian nations, significantly influence both the demand and supply dynamics. Rapid urbanization in the Asia-Pacific, notably in China, India, and Vietnam, fuels the demand for sawn wood, especially for infrastructure projects. This in turn has increased sawn wood production in the countries of the region. For instance, as per FAOSTAT, sawn wood production in Vietnam was 5,500,300 meter cubes in 2021 which increased and reached 5,511,300 meter cubes in 2022. Regional governments are heavily investing in infrastructure, from roads and bridges to public buildings, further amplifying the demand for sawn wood products.
- China stands out as one of the dominant importers and consumers of sawn wood in the Asia-Pacific. The nation's wood demand is largely driven by its booming residential and commercial real estate sectors, alongside a vast manufacturing industry. Given the limitations of China's domestic forestry resources, the country turns to imports from nations like Russia, Canada, and New Zealand, solidifying its status as a key player in the global market.
- Vietnam, Thailand, Indonesia, and Malaysia not only produce significant quantities of sawn wood but also consume it. Vietnam's rise as a leading exporter of wooden furniture to markets like the United States and Europe has heightened its demand for sawn wood as a primary raw material. Additionally, Malaysia and Indonesia's exports of tropical hardwoods, including teak, meranti, and acacia, play a pivotal role in the global sawn wood supply.
- Furthermore, the Asia-Pacific enjoys the advantage of low labor costs, making sawn wood processing more cost-effective. The region maintains robust trade ties with both major wood producers and consumers. For instance, Russia, Canada, and New Zealand are key suppliers of softwood to China, Japan, and South Korea. Simultaneously, Southeast Asian countries are prominent exporters of tropical hardwoods on the global stage. Moreover, the region's countries leverage free trade agreements, reducing tariffs and ensuring a seamless flow of timber and wood products across borders.
Sawn Wood Market News
- February 2023: Weyerhaeuser, a leading player in the forest products industry, has teamed up with GreenFirst Forest Products to create and promote a fresh range of low-carbon sawn timber offerings.
- January 2023: Stora Enso, a prominent player in the forest products industry, revealed its intention to invest EUR 1 billion (USD 1.09 billion) in establishing a new production line for cross-laminated timber (CLT) in Finland.
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
4.2.1 Growing Construction Activity
4.2.2 Boom in the Furniture Industry
4.2.3 Technological Advancements in Wood Processing
4.3 Market Restraints
4.3.1 Environmental Concerns and Deforestation
4.3.2 Supply Chian Disruptions
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
Sawn Wood Industry Segmentation
Sawn wood refers to wood that has been cut from logs into various 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 (Hard wood and Soft wood) 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 for all the above segments.
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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 751.73 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.
