Europe: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Europe

The Europe market for coniferous wood in the rough contracted to $X in 2022, declining by -5.2% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in Europe

In value terms, coniferous wood in the rough production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 60% against the previous year. Over the period under review, coniferous wood in rough production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports in Europe

After two years of growth, overseas shipments of coniferous wood in the rough decreased by -2.8% to X cubic meters in 2022. Overall, exports recorded a sharp descent. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, the coniferous wood in rough exports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports contracted modestly to $X in 2022. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Belarus (X cubic meters) represented the major exporter of coniferous wood in the rough, committing 77% of total exports. It was distantly followed by Norway (X cubic meters), achieving a 20% share of total exports. Montenegro (X cubic meters) took a relatively small share of total exports.

Belarus was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of +12.1% from 2012 to 2022. At the same time, Montenegro (+3.8%) displayed positive paces of growth. By contrast, Norway (-10.1%) illustrated a downward trend over the same period. Belarus (+75 p.p.), Norway (+15 p.p.) and Montenegro (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Belarus ($X) and Montenegro ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Belarus, with a CAGR of +9.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per cubic meter, remaining stable against the previous year. In general, the export price, however, saw a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 6.4%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per cubic meter), while Montenegro ($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 Norway (+9.6%), while the other leaders experienced a decline in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in Europe

In 2022, overseas purchases of coniferous wood in the rough increased by 5.5% to X cubic meters for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Over the period under review, coniferous wood in rough imports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2013 when imports increased by 19%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Norway represented the key importer of coniferous wood in the rough in Europe, with the volume of imports recording X cubic meters, which was near 69% of total imports in 2022. Serbia (X cubic meters) ranks second in terms of the total imports with a 23% share, followed by Albania (6.2%).

Imports into Norway decreased at an average annual rate of -13.9% from 2012 to 2022. At the same time, Albania (+23.4%) displayed positive paces of growth. Moreover, Albania emerged as the fastest-growing importer imported in Europe, with a CAGR of +23.4% from 2012-2022. Serbia experienced a relatively flat trend pattern. While the share of Norway (+67 p.p.), Serbia (+23 p.p.) and Albania (+6.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported coniferous wood in the rough in Europe, comprising 67% of total imports. The second position in the ranking was held by Serbia ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway stood at -16.3%. The remaining importing countries recorded the following average annual rates of imports growth: Serbia (-0.2% per year) and Albania (+18.3% per year).

Import Prices by Country

The import price in Europe stood at $X per cubic meter in 2022, surging by 1.9% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The growth pace was the most rapid in 2017 an increase of 4.9%. Over the period under review, import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Serbia ($X per cubic meter), while Albania ($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 (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform