Estonia: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Estonia

The Estonian sawnwood (coniferous) market rose remarkably to $X in 2022, growing by 5.1% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.1% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Sawnwood (Coniferous) Production in Estonia

In value terms, sawnwood (coniferous) production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports from Estonia

In 2022, overseas shipments of sawnwood (coniferous) increased by 772% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X cubic meters), Australia (X cubic meters) and Japan (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Estonia, with a combined 40% share of total exports. The Netherlands, France, Germany, Lithuania, China, Poland, the UK, Belgium, South Korea and Egypt lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +46.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Latvia ($X) and Japan ($X) appeared to be the largest markets for sawnwood (coniferous) exported from Estonia worldwide, together accounting for 38% of total exports. France, the Netherlands, Germany, Lithuania, Poland, the UK, China, South Korea, Belgium and Egypt lagged somewhat behind, together comprising a further 37%.

China, with a CAGR of +41.4%, saw the highest rates of growth with regard to the value of exports, among 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 -6.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Egypt ($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 Netherlands (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Estonia

For the sixth consecutive year, Estonia recorded growth in supplies from abroad of sawnwood (coniferous), which increased by 621% to X cubic meters in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X cubic meters), Russia (X cubic meters) and Latvia (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Estonia, together accounting for 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +48.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Russia ($X) and Latvia ($X) appeared to be the largest sawnwood (coniferous) suppliers to Estonia, together comprising 86% of total imports.

Finland, with a CAGR of +51.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, rising by 5.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained 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 Sweden ($X per cubic meter), while the price for Belarus ($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 (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform