Sawn Timber Market

Sawn Timber Market Outlook (2022- 2032)

The global sawn timber market is valued at USD 491.2 Million in 2022. The market is expected to grow with a CAGR of 4.15% in the forecast duration. Moreover, the sawn timber market is anticipated to cross a valuation of USD 737.65 Million by the end of 2032.

Sawn timber is preferred due to its small deformation and high bonding strength. The things made of sawn timber are crack resistant and easier to splice. This is considered a common green material that is used in the decoration and construction industries. The tensile strength and density of sawn timber have different uses.

The higher traction is visible in sawn timber owing to the rising scope of usability for multiple purposes. Increasing usage in the architectural roof, decking, fencing, flooring, framing, and packaging is the key driving factor of the sawn timber market. From pallets to customized packing solutions, sawn timber is a highly operative material that also provides environmental benefits.

This has led to a surge in demand, thereby accelerating the growth of sawn timber market. In addition, growing mindfulness regarding sustainable clarifications to diminish the carbon footprint is likely to positively impact the sawn timber market. The mechanical properties, colours of surfaces and textures of wood are properties of sawn timber preferred by furniture manufacturers.

Report Attributes	Details
Sawn Timber Market Size (2022 A)	USD 491.2 Million
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 737.65 Million
Global Market Growth rate (2022-2032 E)	CAGR of 4.15%
Key Companies Profiled	West Fraser Timber Co Ltd Canfor Weyerhaeuser Stora Enso Georgia Pacific Interfor Sierra Pacific Industries Hampton Affiliates Arauco

Sawn Timber Market Dynamics

Demand: Strong Demand for Pallet Production

Sawn timber is widely used in the production of pallets that are typically used in packaging applications. The rise in sawn timber is attributed to growth in the financial stability of European nations. With economic stability in Western Europe and France, the global trade scenario is expected to gain pace, consequently leading to increasing demand for sawn timber. This has positively influenced the upstream forestry as well as wood markets.

The global market for pallets has been witnessing steady growth in past years. The countries like France are emerging as timber hubs globally, expected to gain growth in the forecast period. The increasing use of sawn timber in pallet production, coupled with the growing pallet market, is expected to support the growth of the sawn timber market during the assessment duration.

The majority of the timber is used in the infrastructure segment owing to its utility in renovation and home decoration. This application is anticipated to drive extra growth in the upcoming period. There is an evident rise in exports of sawn timber from France and Russia, resulting in global opportunities in the timber trade.

Restraints: lack of awareness about properties and high cost

The use of sawn timber in the construction sector is relatively novel in use. There is a sufficient lack of knowledge about the usability of sawn timber in the field of construction. The cost associated with the use of this timber in the building process is a restraining factor behind the growth of sawn timber. The lower awareness further triggers the deterrents. The shortage of land for harvesting timber is another challenge in light of reducing forest cover.

Segment wise analysis

Plain sawn is popular owing to less cost

Sawn timber is available in shapes of rectangles and wedges. These shapes differ in terms of cutting patterns, including radial timber. The unseasoned or seasoned are classifications for sawn timber done on the basis of moisture content. Unseasoned sawn timber is also known as ‘Green sawn timber’ with moisture content higher than 25%, while the seasoned variant is dried to remove the bound moisture and has reduced weight.

The categorization in rift, plain, and quarter is done on the basis of how the log is oriented and processed for cutting into a sawmill. The resulting specific orientation of wood rings on the board defines the type of lumber.

Rift sawn is widely demanded due to its plain cuts and smooth rings. These cuts are determined by the mechanical properties. Plain-sawn is common and least costly owing to the inexpensive way to manufacture this type of wood. The quarter-sawn is a straight-grain pattern that gives it a design. The cutting of this wood is more complex than plain texture, making it costlier than plain or rift sawed.

Region Wise Insights

Russia in Power in the European region

Europe is the leading manufacturer of sawn timber, with a major share of the market in 2022. The region is anticipated to reign in the forecast period. Russia, among Eastern and Central Europe, is the biggest exporter of sawn timber wood. In 2020, the country exported about USD 4.2 Billion of sawn timber. The country was followed by Belarus and Latvia. The European region is focusing on green building codes, which give the impulse to use wood in buildings for more sustainability and demolish carbon footprint.

China, New Zealand, and Japan: major consumers

The Asia Pacific is the largest consumer of sawn timber. Sawn timber production and exports are booming in Japan, largely due to increasing demand from China owing to the high inclination towards Japanese wood frame construction methods.

Tapping these regions is expected to promise significant growth in the sale of the sawn timber market in the coming years. Moreover, increased urbanization and population demand have resulted in an increase in construction activities in this region’s demand for sawn timber. The progressive lifestyles and increasing income capacities of people in the countries like India and China are expected to fetch the maximum need for interiors, decorations, and building applications of sawn timber in the forecast period.

Middle East Africa and Latin America: lowest share

Latin American countries like Mexico account for the least share in the sawn timber market. Climate change accompanies by hunting, deforestation, and mining affects the timber supply demand.

Competitive landscape

Companies in the timber industry are facing heavy competition with rising market players. However, shapes, product quality, and texture are key parameters that successfully differentiate between leading and lacking manufacturers in the timber industry. Sawn timber manufacturers in the market are experimenting with forms and textures based on the density of wood with other materials in order to expand their product portfolio. Branding and strategic promotion also play a crucial role in market dominance by some companies.

• In 2018, Confor timber and pulp company announced the acquisition of VIDA. The move was intended to satisfy demand from global customers by ensuring the sustainable supply of high-value products on a long-term basis. With this move, the company has expanded its manufacturing in Canada and Columbia.
• In 2021, West Fraser global timber manufacturer owned subsidiary Norbord Inc to increase their brand expansion and production capacity. The brand uses a diversification policy to expand in wood products.
• In 2022, Sykkylven a big school made by Stora Enso intends to promote the use of wood buildings for environmental sustainability. The company is dedicated to working on recycling products. The company has also presented the benefits of wooden buildings in making people feel calmer and enhancing their concentration. Companies are focusing on the novel applications of wood in the building and construction field to gain sustainable outcomes.

Sawn Timber Market- Segmentation

• By Types -

  • Rift sawn
  • Quarter sawn
  • Plain sawn

• By Region -

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa