Australia and Oceania: Roundwood Market 2024

Roundwood Market Size in Australia and Oceania

The roundwood market in Australia and Oceania dropped modestly to $X in 2022, approximately reflecting the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Roundwood Production in Australia and Oceania

In value terms, roundwood production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Roundwood Exports

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in shipments abroad of roundwood, which decreased by X% to X cubic meters in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, roundwood exports reduced to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand prevails in exports structure, accounting for X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by Papua New Guinea (X cubic meters) and Solomon Islands (X cubic meters), together constituting a X% share of total exports. Australia (X cubic meters) held a little share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of roundwood. At the same time, Solomon Islands (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. Solomon Islands (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest roundwood supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total exports. It was followed by Solomon Islands, with a X% share.

In New Zealand, roundwood exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Solomon Islands (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, growing by X% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roundwood export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per cubic meter), while New Zealand ($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 Australia (X%), while the other leaders experienced more modest paces of growth.

Roundwood Imports

Imports in Australia and Oceania

In 2022, overseas purchases of roundwood increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roundwood imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, reaching X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Fiji (X cubic meters), New Zealand (X cubic meters) and Tonga (X cubic meters), together mixing up a X% share of total imports. New Caledonia (X cubic meters), Marshall Islands (X cubic meters) and Kiribati (X cubic meters) held a relatively small share of total imports.

Australia was also the fastest-growing in terms of the roundwood imports, with a CAGR of X% from 2012 to 2022. At the same time, Kiribati (X%), New Caledonia (X%) and Marshall Islands (X%) displayed positive paces of growth. By contrast, New Zealand (X%), Fiji (X%) and Tonga (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.), New Caledonia (X p.p.), Kiribati (X p.p.) and Marshall Islands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.), Fiji (X p.p.) and Tonga (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported roundwood in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with an X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, roundwood imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2022, surging by X% against the previous year. Overall, the import price showed mild growth. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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 Fiji ($X per cubic meter), while Tonga ($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 Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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