Italy: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Italy

In 2022, the Italian sawnwood (non-coniferous) market increased by 22% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sawnwood (Non-Coniferous) Production in Italy

In value terms, sawnwood (non-coniferous) production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Italy

In 2022, exports of sawnwood (non-coniferous) from Italy shrank sharply to X cubic meters, which is down by -16.3% on 2021. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 28%. As a result, the exports reached the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The UK (X cubic meters), Austria (X cubic meters) and China (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Italy, together accounting for 31% of total exports. Croatia, Germany, Vietnam, France, the Netherlands, Switzerland, Belgium, Tunisia, Mexico and the United States lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Italy, comprising 23% of total exports. The second position in the ranking was held by Austria ($X), with a 9.2% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+5.1% per year) and Germany (+3.5% per year).

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Tunisia ($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 the UK (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Italy

In 2022, supplies from abroad of sawnwood (non-coniferous) increased by 4.5% to X cubic meters, rising for the second year in a row after six years of decline. In general, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports skyrocketed to $X in 2022. Over the period under review, imports saw a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Croatia (X cubic meters) constituted the largest sawnwood (non-coniferous) supplier to Italy, accounting for a 25% share of total imports. Moreover, sawnwood (non-coniferous) imports from Croatia exceeded the figures recorded by the second-largest supplier, Hungary (X cubic meters), twofold. Cameroon (X cubic meters) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Croatia totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.0% per year) and Cameroon (-2.7% per year).

In value terms, Croatia ($X) constituted the largest supplier of sawnwood (non-coniferous) to Italy, comprising 26% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Cameroon, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Croatia totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Cameroon (-0.3% per year).

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price reached 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 the United States ($X per cubic meter), while the price for Lithuania ($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 United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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