Greece: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Greece

The Greek coniferous roundwood market shrank to $X in 2022, reducing by -6% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Coniferous roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Greece

In value terms, coniferous roundwood production totaled $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Greece

In 2022, coniferous roundwood exports from Greece soared to X cubic meters, rising by 32% against the year before. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 307% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, coniferous roundwood exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 162%. The exports peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at +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 ($X) remains the key foreign market for roundwood (coniferous) exports from Greece, comprising 57% of total exports. The second position in the ranking was held by Israel ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Albania stood at +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

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, with an increase of 17% against the previous year. Overall, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 32%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas 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.

Coniferous Roundwood Imports

Imports into Greece

In 2022, supplies from abroad of roundwood (coniferous) decreased by -32.9% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports amounted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 81%. Over the period under review, imports attained the peak figure 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 coniferous roundwood imports to Greece, with a combined 68% share 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 +37.0%), while imports for the other leaders experienced more modest paces of growth.

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

The Czech Republic, with a CAGR of +45.3%, recorded 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 coniferous roundwood import price stood at $X per cubic meter in 2022, with an increase of 55% against the previous year. Over the period under review, import price indicated prominent 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

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