Denmark: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Denmark

The Danish sawnwood (coniferous) market surged to $X in 2022, with an increase of 133% against the previous year. Overall, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in Denmark

In value terms, sawnwood (coniferous) production fell 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, production reached the peak level of $X, and then declined in the following year.

Sawnwood (Coniferous) Exports

Exports from Denmark

In 2022, the amount of sawnwood (coniferous) exported from Denmark contracted to X cubic meters, which is down by -7.6% compared with the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 123% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports shrank to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +141.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 169%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X cubic meters), Germany (X cubic meters) and Norway (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Denmark, together comprising 57% of total exports. Poland, the UK, South Korea, Latvia, Iceland and Greenland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +92.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Norway ($X) were the largest markets for sawnwood (coniferous) exported from Denmark worldwide, with a combined 57% share of total exports. The UK, South Korea, Iceland, Latvia, Greenland and Poland lagged somewhat behind, together accounting for a further 29%.

South Korea, with a CAGR of +71.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, which is down by -3% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) export price increased by +66.3% against 2015 indices. The growth pace was the most rapid in 2021 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per cubic meter, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Poland ($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 the UK (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Denmark

For the third consecutive year, Denmark recorded growth in supplies from abroad of sawnwood (coniferous), which increased by 448% to X cubic meters in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X cubic meters) constituted the largest supplier of sawnwood (coniferous) to Denmark, accounting for a 69% share of total imports. Moreover, sawnwood (coniferous) imports from Sweden exceeded the figures recorded by the second-largest supplier, Norway (X cubic meters), ninefold. Finland (X cubic meters) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+32.6% per year) and Finland (+22.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of sawnwood (coniferous) to Denmark, comprising 61% of total imports. The second position in the ranking was taken by Finland ($X), with a 12% share of total imports. It was followed by Norway, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+26.3% per year) and Norway (+29.3% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, rising by 2.5% against the previous year. In general, the import price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum 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 Latvia ($X per cubic meter), while the price for Lithuania ($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 Finland (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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