Greece: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Greece

In 2022, the Greek industrial roundwood (coniferous) market decreased by -8.1% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.2%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Roundwood (Coniferous) Production in Greece

In value terms, industrial roundwood (coniferous) production reached $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 6.7% against the previous year. Industrial roundwood (coniferous) production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Roundwood (Coniferous) Exports

Exports from Greece

In 2022, the amount of industrial roundwood (coniferous) exported from Greece soared to X cubic meters, jumping by 32% on 2021 figures. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when exports increased by 307% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, industrial roundwood (coniferous) exports skyrocketed to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 162%. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Albania (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Greece, accounting for a 86% share of total exports. Moreover, industrial roundwood (coniferous) exports to Albania exceeded the volume sent to the second major destination, Bulgaria (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Albania amounted to +119.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+31.9% per year) and Israel (-12.1% per year).

In value terms, Albania ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Greece, comprising 57% of total exports. The second position in the ranking was held by Israel ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Albania totaled +96.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+16.6% per year) and Bulgaria (+32.9% per year).

Export Prices by Country

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, growing by 17% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. The export price peaked 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 for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per cubic meter), while the average price for exports to Albania ($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 Israel (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood (Coniferous) Imports

Imports into Greece

In 2022, after four years of growth, there was significant decline in purchases abroad of industrial roundwood (coniferous), when their volume decreased by -32.9% to X cubic meters. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 70%. Over the period under review, imports attained the peak figure at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (coniferous) imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 81%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Bulgaria (X cubic meters), Austria (X cubic meters) and Finland (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Greece, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Bulgaria ($X) and Finland ($X) constituted the largest industrial roundwood (coniferous) suppliers to Greece, with a combined 66% share of total imports. Romania, the Czech Republic, Sweden and Italy lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +45.3%, recorded the highest rates of growth with regard to 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

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, surging by 55% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while the price for Bulgaria ($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 Albania (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :