Benelux: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Benelux

In 2022, after three years of decline, there was significant growth in the Benelux coniferous roundwood market, when its value increased by 530% to $X. Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Coniferous Roundwood Production in Benelux

In value terms, coniferous roundwood production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Coniferous Roundwood Exports

Exports in Benelux

In 2022, after three years of growth, there was significant decline in shipments abroad of roundwood (coniferous), when their volume decreased by -50.2% to X cubic meters. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 207%. Over the period under review, the exports reached the peak figure at X cubic meters in 2021, and then declined significantly in the following year.

In value terms, coniferous roundwood exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 259% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

The Netherlands represented the largest exporter of roundwood (coniferous) in Benelux, with the volume of exports accounting for X cubic meters, which was near 71% of total exports in 2022. Belgium (X cubic meters) ranks second in terms of the total exports with a 17% share, followed by Luxembourg (11%).

The Netherlands was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +20.9% from 2012 to 2022. At the same time, Luxembourg (+4.1%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (+41 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (-10.4 p.p.) and Belgium (-30.4 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) emerged as the largest coniferous roundwood supplier in Benelux, comprising 65% of total exports. The second position in the ranking was held by Belgium ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +17.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+4.5% per year) and Luxembourg (+2.4% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per cubic meter, falling by -20.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. The level of export peaked at $X per cubic meter in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while Luxembourg ($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 Belgium (+4.1%), while the other leaders experienced a decline in the export price figures.

Coniferous Roundwood Imports

Imports in Benelux

In 2022, overseas purchases of roundwood (coniferous) decreased by -24% 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 resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then dropped sharply in the following year.

In value terms, coniferous roundwood imports fell dramatically to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 36%. Over the period under review, imports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Belgium (X cubic meters) represented the key importer of roundwood (coniferous), constituting 69% of total imports. It was distantly followed by Luxembourg (X cubic meters), constituting a 28% share of total imports. The Netherlands (X cubic meters) took a minor share of total imports.

Belgium was also the fastest-growing in terms of the roundwood (coniferous) imports, with a CAGR of +10.2% from 2012 to 2022. At the same time, Luxembourg (+9.4%) displayed positive paces of growth. By contrast, the Netherlands (-10.9%) illustrated a downward trend over the same period. Belgium (+14 p.p.) and Luxembourg (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -17.7% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported roundwood (coniferous) in Benelux, comprising 69% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 23% share of total imports.

In Belgium, coniferous roundwood imports increased at an average annual rate of +3.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Luxembourg (+5.6% per year) and the Netherlands (-5.7% per year).

Import Prices by Country

The import price in Benelux stood at $X per cubic meter in 2022, declining by -2.3% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while Luxembourg ($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 the Netherlands (+5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform