Ireland: Roundwood Market 2024

Roundwood Market Size in Ireland

For the fifth consecutive year, the Irish roundwood market recorded growth in sales value, which increased by less than X% to $X in 2022. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Roundwood Production in Ireland

In value terms, roundwood production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Roundwood production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Roundwood Exports

Exports from Ireland

In 2022, exports of roundwood from Ireland soared to X cubic meters, picking up by X% on 2021. In general, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, roundwood exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X cubic meters) was the main destination for roundwood exports from Ireland, with a X% share of total exports. Moreover, roundwood exports to the UK exceeded the volume sent to the second major destination, Belgium (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X.1% per year) and France (X% per year).

In value terms, the UK ($X) remains the key foreign market for roundwood exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X.8% per year) and France (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to the UK ($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 France (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Ireland

In 2022, overseas purchases of roundwood decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X cubic meters, and then reduced notably in the following year.

In value terms, roundwood imports declined rapidly to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, the UK (X cubic meters) constituted the largest roundwood supplier to Ireland, accounting for a X% share of total imports. Moreover, roundwood imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), more than tenfold. The Czech Republic (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, the UK ($X) constituted the largest supplier of roundwood to Ireland, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for the Czech Republic ($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 the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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