Luxembourg: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Luxembourg

In 2022, the Luxembourg industrial roundwood market increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Industrial Roundwood Production in Luxembourg

In value terms, industrial roundwood production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports from Luxembourg

In 2022, shipments abroad of industrial roundwood increased by 66% to X cubic meters, rising for the third year in a row after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +90.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X cubic meters), Belgium (X cubic meters) and France (X cubic meters) were the main destinations of industrial roundwood exports from Luxembourg, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +10.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial roundwood exported from Luxembourg were Germany ($X), Belgium ($X) and France ($X), together comprising 96% of total exports.

Germany, with a CAGR of +2.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, waning by -18% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Germany ($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 Germany (-1.6%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood Imports

Imports into Luxembourg

In 2022, purchases abroad of industrial roundwood increased by 59% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial roundwood imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +93.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 60%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X cubic meters), France (X cubic meters) and Belgium (X cubic meters) were the main suppliers of industrial roundwood imports to Luxembourg, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), together accounting for 98% of total imports.

Among the main suppliers, Germany, with a CAGR of +11.0%, 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 import price amounted to $X per cubic meter, dropping by -18.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 39%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per cubic meter) and Belgium ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) and Germany ($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 Belgium (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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