Belgium: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Belgium

In 2022, the Belgian industrial roundwood (non-coniferous) market increased by 8.8% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded tangible growth. Industrial roundwood (non-coniferous) consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Belgium

In value terms, industrial roundwood (non-coniferous) production expanded slightly 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 throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 12% against the previous year. Over the period under review, (non-coniferous) production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Belgium

In 2022, shipments abroad of industrial roundwood decreased by -31.8% to X cubic meters, falling for the second consecutive year after four years of growth. In general, exports, however, recorded a measured expansion. The growth pace was the most rapid in 2020 with an increase of 117% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports declined rapidly to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 136%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Belgium, with a 52% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to China exceeded the volume sent to the second major destination, Vietnam (X cubic meters), twofold. The third position in this ranking was held by India (X cubic meters), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+27.3% per year) and India (+8.0% per year).

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Belgium, comprising 61% of total exports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total exports. It was followed by India, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+32.7% per year) and India (+9.9% per year).

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, increasing by 2.5% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (non-coniferous) export price increased by +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Egypt ($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 China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Belgium

Industrial roundwood (non-coniferous) imports into Belgium reduced to X cubic meters in 2022, which is down by -6.9% on 2021. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 93%. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of (non-coniferous) imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X cubic meters) constituted the largest supplier of industrial roundwood (non-coniferous) to Belgium, accounting for a 77% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from France exceeded the figures recorded by the second-largest supplier, Latvia (X cubic meters), ninefold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+86.6% per year) and the Netherlands (+31.9% per year).

In value terms, France ($X) constituted the largest supplier of industrial roundwood to Belgium, comprising 66% of total imports. The second position in the ranking was held by Latvia ($X), with a 12% share of total imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+59.2% per year) and Germany (-2.6% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 23%. The import price peaked at $X per cubic meter in 2014; however, from 2015 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 Lithuania ($X per cubic meter), while the price for Luxembourg ($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 Lithuania (-7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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