Finland: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Finland

The Finnish coniferous roundwood market contracted to $X in 2022, with a decrease of -9% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Coniferous Roundwood Production in Finland

In value terms, coniferous roundwood production fell to $X in 2022 estimated in export price. In general, production saw a mild descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 47% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports from Finland

In 2022, the amount of roundwood (coniferous) exported from Finland surged to X cubic meters, picking up by 20% against the previous year. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +58.6% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous roundwood exports soared to $X in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +21.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X cubic meters) was the main destination for coniferous roundwood exports from Finland, with a 78% share of total exports. Moreover, coniferous roundwood 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 Estonia (X cubic meters), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-3.9% per year) and Estonia (+34.6% per year).

In value terms, Sweden ($X) remains the key foreign market for roundwood (coniferous) exports from Finland, comprising 51% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9.9% share of total exports. It was followed by Estonia, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-4.3% per year) and Estonia (+28.4% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, which is down by -2.2% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 an increase of 52% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Egypt ($X per cubic meter), while the average price for exports to Sweden ($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 Latvia (+9.1%), while the prices for the other major destinations experienced a decline.

Coniferous Roundwood Imports

Imports into Finland

Coniferous roundwood imports into Finland rose markedly to X cubic meters in 2022, picking up by 6.4% against the previous year. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, coniferous roundwood imports expanded remarkably to $X in 2022. Overall, imports, however, saw a slight slump. The pace of growth appeared the most rapid in 2018 when imports increased by 122% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Estonia (X cubic meters), Sweden (X cubic meters) and Latvia (X cubic meters) were the main suppliers of coniferous roundwood imports to Finland, together comprising 95% of total imports. These countries were followed by Lithuania, which accounted for a further 4.9%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to Finland were Estonia ($X), Sweden ($X) and Latvia ($X), together comprising 91% of total imports. These countries were followed by Lithuania, which accounted for a further 4.8%.

Among the main suppliers, Lithuania, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, picking up by 2.8% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per cubic meter) and Lithuania ($X per cubic meter), while the price for Estonia ($X per cubic meter) and Latvia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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