Belgium: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Belgium

In 2022, the Belgian industrial roundwood market increased by 76% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +111.0% against 2020 indices. Industrial roundwood consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Industrial Roundwood Production in Belgium

In value terms, industrial roundwood production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Industrial roundwood production peaked at $X in 2021, and then fell in the following year.

Industrial Roundwood Exports

Exports from Belgium

After five years of growth, shipments abroad of industrial roundwood decreased by -71.9% to X cubic meters in 2022. Overall, exports, however, enjoyed mild growth. The growth pace was the most rapid in 2020 with an increase of 201%. Over the period under review, the exports attained the peak figure at X cubic meters in 2021, and then plummeted in the following year.

In value terms, industrial roundwood exports dropped notably to $X in 2022. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2020 when exports increased by 195% against the previous year. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood exports from Belgium, accounting for a 46% share of total exports. Moreover, industrial roundwood exports to China exceeded the volume sent to the second major destination, Germany (X cubic meters), twofold. The third position in this ranking was held by Vietnam (X cubic meters), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.8% per year) and Vietnam (+27.9% per year).

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Belgium, comprising 55% of total exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+33.2% per year) and Germany (-2.7% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, growing by 15% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood export price increased by +42.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Luxembourg ($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 the Netherlands (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Belgium

In 2022, purchases abroad of industrial roundwood decreased by -18.2% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 84% against the previous year. Imports peaked at X cubic meters in 2021, and then declined rapidly in the following year.

In value terms, industrial roundwood imports shrank to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +39.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

France (X cubic meters), the Netherlands (X cubic meters) and Germany (X cubic meters) were the main suppliers of industrial roundwood imports to Belgium, together comprising 81% of total imports. Latvia, Luxembourg, Denmark and Ireland lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +106.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest industrial roundwood suppliers to Belgium, with a combined 78% share of total imports. Latvia, Luxembourg, Ireland and Denmark lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Latvia, with a CAGR of +65.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial roundwood import price stood at $X per cubic meter in 2022, rising by 5.9% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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