Belgium: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Belgium

The Belgian industrial roundwood (coniferous) market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption recorded a slight expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Coniferous) Production in Belgium

In value terms, industrial roundwood (coniferous) production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Industrial Roundwood (Coniferous) Exports

Exports from Belgium

After four years of growth, overseas shipments of industrial roundwood (coniferous) decreased by -79.5% 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 2020 with an increase of 245%. The exports peaked at X cubic meters in 2021, and then fell notably in the following year.

In value terms, industrial roundwood (coniferous) exports shrank remarkably to $X in 2022. Overall, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when exports increased by 266% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined remarkably in the following year.

Exports by Country

China (X cubic meters), Germany (X cubic meters) and France (X cubic meters) were the main destinations of industrial roundwood (coniferous) exports from Belgium, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +43.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for industrial roundwood (coniferous) exported from Belgium were China ($X), Germany ($X) and France ($X), with a combined 85% share of total exports.

China, with a CAGR of +50.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, reducing by -10.3% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) export price increased by +35.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to France ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Belgium

After two years of growth, overseas purchases of industrial roundwood (coniferous) decreased by -24.5% to X cubic meters in 2022. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 95%. Over the period under review, imports attained the maximum at X cubic meters in 2021, and then declined rapidly in the following year.

In value terms, industrial roundwood (coniferous) imports plummeted to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 45%. Over the period under review, imports hit record highs at $X in 2021, and then declined significantly in the following year.

Imports by Country

The Netherlands (X cubic meters), Germany (X cubic meters) and France (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Belgium, with a combined 78% share of total imports. Luxembourg, Latvia, Denmark and Ireland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +235.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial roundwood (coniferous) to Belgium, comprising 43% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.5% per year) and the Netherlands (-0.9% per year).

Import Prices by Country

The average industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, rising by 7.6% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 25%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Denmark ($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 Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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