Croatia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Croatia

The Croatian coniferous roundwood market soared to $X in 2022, growing by 22% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Coniferous Roundwood Production in Croatia

In value terms, coniferous roundwood production shrank to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Coniferous Roundwood Exports

Exports from Croatia

For the third year in a row, Croatia recorded decline in shipments abroad of roundwood (coniferous), which decreased by -19% to X cubic meters in 2022. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, coniferous roundwood exports surged to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 142% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X cubic meters), Slovenia (X cubic meters) and Germany (X cubic meters) were the main destinations of coniferous roundwood exports from Croatia, together comprising 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +90.2%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for roundwood (coniferous) exports from Croatia, comprising 61% of total exports. The second position in the ranking was held by Slovenia ($X), with a 23% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at +116.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+11.5% per year) and Germany (+50.9% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, growing by 50% against the previous year. Over the period under review, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per cubic meter), while the average price for exports to Germany ($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 (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Croatia

In 2022, supplies from abroad of roundwood (coniferous) was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 1,654% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,229% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Slovenia (X cubic meters) constituted the largest coniferous roundwood supplier to Croatia, with a 83% share of total imports. Moreover, coniferous roundwood imports from Slovenia exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Slovenia totaled +65.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+169.9% per year) and the Czech Republic (-25.8% per year).

In value terms, Slovenia ($X) constituted the largest supplier of roundwood (coniferous) to Croatia, comprising 76% of total imports. The second position in the ranking was held by Austria ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Slovenia amounted to +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+120.1% per year) and the Czech Republic (+10.8% per year).

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, growing by 30% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Slovenia ($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 the Czech Republic (+49.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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