Croatia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Croatia

In 2022, the Croatian industrial roundwood (non-coniferous) market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Croatia

In value terms, industrial roundwood (non-coniferous) production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 280% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, (non-coniferous) production growth failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Croatia

In 2022, after three years of growth, there was significant decline in overseas shipments of industrial roundwood, when their volume decreased by -9.8% to X cubic meters. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 104% against the previous year. Over the period under review, the (non-coniferous) exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Slovenia (X cubic meters), Hungary (X cubic meters) and Italy (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Croatia, together comprising 72% of total exports. Austria, Serbia, Bosnia and Herzegovina, Portugal and the Czech Republic lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +46.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial roundwood (non-coniferous) exported from Croatia were Slovenia ($X), Italy ($X) and Portugal ($X), with a combined 58% share of total exports.

Among the main countries of destination, Portugal, with a CAGR of +55.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, with an increase of 41% against the previous year. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per cubic meter), while the average price for exports to Hungary ($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 Serbia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Croatia

In 2022, approx. X cubic meters of industrial roundwood were imported into Croatia; jumping by 47% against the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 328% against the previous year. Over the period under review, (non-coniferous) imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 151% against the previous year. Over the period under review, (non-coniferous) imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Slovenia (X cubic meters) constituted the largest supplier of industrial roundwood (non-coniferous) to Croatia, accounting for a 76% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from Slovenia exceeded the figures recorded by the second-largest supplier, Hungary (X cubic meters), fivefold. The third position in this ranking was taken by Austria (X cubic meters), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia totaled +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+30.0% per year) and Austria (+68.1% per year).

In value terms, Slovenia ($X) constituted the largest supplier of industrial roundwood to Croatia, comprising 60% of total imports. The second position in the ranking was held by Hungary ($X), with a 22% share of total imports. It was followed by Austria, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia amounted to +77.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+29.0% per year) and Austria (+55.7% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, surging by 33% against the previous year. In general, the import price, however, showed a abrupt contraction. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 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 Serbia ($X per cubic meter), while the price for Slovenia ($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 Serbia (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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