Australian sawn softwood consumption down 13% year-ended April
Australia’s estimated apparent Sawn Softwood consumption for the year ended April 2020 totalled 3.208 million m3. Compared to the previous year, ending April 2019, this represents a 12.8% decrease in annual consumption.
Production (where domestic sales are the proxy measure) for the year was down a calculated 2.0% to 2.939 million m3 for the year. As ever, it is important to note that the FWPA data series is based on a voluntary survey and does not include all sawn softwood production. Additionally, its value over time is impacted by different companies coming into and leaving the survey.
Exports increased 7.3% over the year to total 0.185 million m3.
Imports dropped significantly, down 46.7% over the year, to total 0.453 million m3.
The chart below, created in the Australian Sawn Softwood view on Wood Market Edge online, displays the apparent consumption details. What this data tells us is that after a flat period, right through to April, the market was beginning to improve, presenting what were brighter prospects for the second half of 2020. That will not now be the case.
IndustryEdge is now working with subscribers to develop further analysis, including forecasts and projections.
Apparent Consumption of Softwood Products: Jan ’17 – Apr ‘20 (‘000 m3)
Note: Production is actually ‘sales’ volumes from each month
This is an edited extract of a detailed analysis presented on the Wood Market Edge platform. The analysis is updated in Wood Market Edge online every month.