Australia and Oceania: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Australia and Oceania

The coniferous roundwood market in Australia and Oceania fell rapidly to $X in 2022, with a decrease of -20.5% against the previous year. Overall, consumption, however, enjoyed temperate growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in Australia and Oceania

In value terms, coniferous roundwood production reduced to $X in 2022 estimated in export price. In general, production, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2015 with an increase of 101% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports in Australia and Oceania

In 2022, overseas shipments of roundwood (coniferous) were finally on the rise to reach X cubic meters after two years of decline. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, coniferous roundwood exports rose remarkably to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 51%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from New Zealand (X cubic meters), together reaching 99% of total export.

New Zealand was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +4.8% from 2012 to 2022. While the share of New Zealand (+8.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) also remains the largest coniferous roundwood supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled +9.8%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, picking up by 3.4% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 63% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +4.8% per year.

Coniferous Roundwood Imports

Imports in Australia and Oceania

In 2022, purchases abroad of roundwood (coniferous) increased by 56% to X cubic meters, rising for the fourth consecutive year after six years of decline. Overall, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 115%. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, reaching X cubic meters, which was approx. 78% of total imports in 2022. It was distantly followed by New Caledonia (X cubic meters), comprising a 6.9% share of total imports. Tonga (X cubic meters), New Zealand (X cubic meters), French Polynesia (X cubic meters) and Samoa (X cubic meters) took a minor share of total imports.

Australia was also the fastest-growing in terms of the roundwood (coniferous) imports, with a CAGR of +55.4% from 2012 to 2022. At the same time, French Polynesia (+32.4%), New Zealand (+19.5%), New Caledonia (+12.9%) and Samoa (+8.9%) displayed positive paces of growth. By contrast, Tonga (-23.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, New Caledonia, New Zealand, French Polynesia and Samoa increased by +77, +5.5, +3.2, +2.7 and +1.9 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported roundwood (coniferous) in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Caledonia ($X), with a 4.7% share of total imports. It was followed by French Polynesia, with a 2.4% share.

In Australia, coniferous roundwood imports expanded at an average annual rate of +31.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (-2.6% per year) and French Polynesia (+24.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per cubic meter, growing by 58% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood import price increased by +90.6% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per cubic meter), while Tonga ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (-5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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