Denmark: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Denmark

The Danish coniferous roundwood market reduced to $X in 2022, with a decrease of -1.7% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Denmark

In value terms, coniferous roundwood production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Denmark

In 2022, the amount of roundwood (coniferous) exported from Denmark reached X cubic meters, remaining relatively unchanged against 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 81%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous roundwood exports reached $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +170.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 169% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for coniferous roundwood exports from Denmark, with a 79% share of total exports. Moreover, coniferous roundwood exports to China exceeded the volume sent to the second major destination, Germany (X cubic meters), sevenfold. The third position in this ranking was taken by Sweden (X cubic meters), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.7% per year) and Sweden (-18.3% per year).

In value terms, China ($X) remains the key foreign market for roundwood (coniferous) exports from Denmark, comprising 86% of total exports. The second position in the ranking was held by Germany ($X), with an 8% share of total exports. It was followed by Sweden, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.5% per year) and Sweden (-20.4% per year).

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, remaining constant against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +49.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, leveling off in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Sweden ($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 Germany (+0.3%), while the prices for the other major destinations experienced a decline.

Coniferous Roundwood Imports

Imports into Denmark

After two years of growth, overseas purchases of roundwood (coniferous) decreased by -3% to X cubic meters in 2022. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 90%. Imports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, coniferous roundwood imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, Sweden (X cubic meters) constituted the largest supplier of coniferous roundwood to Denmark, with a 48% share of total imports. Moreover, coniferous roundwood imports from Sweden exceeded the figures recorded by the second-largest supplier, Norway (X cubic meters), twofold. Germany (X cubic meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+90.3% per year) and Germany (+2.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of roundwood (coniferous) to Denmark, comprising 61% of total imports. The second position in the ranking was taken by Norway ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+71.2% per year) and Germany (-1.3% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, with a decrease of -14.7% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Poland ($X per cubic meter), while the price for Norway ($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 Poland (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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