Finland: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Finland

The Finnish market for coniferous wood in the rough declined modestly to $X in 2022, reducing by -3.7% against the previous year. In general, consumption recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by 7.9%. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in Finland

In value terms, coniferous wood in the rough production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 7%. Coniferous wood in the rough production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Finland

In 2016, after two years of decline, there was significant growth in shipments abroad of coniferous wood in the rough, when their volume increased by 18% to X cubic meters. The total export volume increased at an average annual rate of +6.1% over the period from 2012 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, the coniferous wood in rough exports reached the maximum in 2016 and are expected to retain growth in the immediate term.

In value terms, coniferous wood in the rough exports reached $X in 2016. In general, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X cubic meters) was the main destination for coniferous wood in the rough exports from Finland, with a 83% share of total exports. Moreover, coniferous wood in the rough exports to Sweden exceeded the volume sent to the second major destination, Egypt (X cubic meters), more than tenfold. The third position in this ranking was held by the UK (X cubic meters), with a 4.2% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Sweden stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-10.5% per year) and the UK (+9.2% per year).

In value terms, Sweden ($X) remains the key foreign market for coniferous wood in the rough exports from Finland, comprising 57% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Egypt, with a 10% share.

From 2012 to 2016, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.4% per year) and Egypt (-20.4% per year).

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2016, waning by -14.8% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 2.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-6.6%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into Finland

In 2016, purchases abroad of coniferous wood in the rough was finally on the rise to reach X cubic meters for the first time since 2013, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, coniferous wood in rough imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2016, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports surged to $X in 2016. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, coniferous wood in rough imports hit record highs at $X in 2013; however, from 2014 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, Russia (X cubic meters) constituted the largest supplier of coniferous wood in the rough to Finland, accounting for a 67% share of total imports. Moreover, coniferous wood in the rough imports from Russia exceeded the figures recorded by the second-largest supplier, Estonia (X cubic meters), threefold. Latvia (X cubic meters) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2016, the average annual growth rate of volume from Russia totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-9.2% per year) and Latvia (-12.3% per year).

In value terms, Russia ($X) constituted the largest supplier of coniferous wood in the rough to Finland, comprising 70% of total imports. The second position in the ranking was taken by Estonia ($X), with a 19% share of total imports. It was followed by Latvia, with a 6.2% share.

From 2012 to 2016, the average annual growth rate of value from Russia stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-18.0% per year) and Latvia (-22.2% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2016, shrinking by -7.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2014 an increase of 0.3% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while the price for Latvia ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Sweden (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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