Luxembourg: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Luxembourg

The Luxembourg coniferous roundwood market skyrocketed to $X in 2022, rising by 27% against the previous year. In general, consumption enjoyed a prominent expansion. Coniferous roundwood consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Coniferous Roundwood Production in Luxembourg

In value terms, coniferous roundwood production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39% against the previous year. Coniferous roundwood production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Luxembourg

In 2022, shipments abroad of roundwood (coniferous) increased by 69% to X cubic meters, rising for the third consecutive year after two years of decline. In general, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +93.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coniferous roundwood exports soared to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +73.4% against 2020 indices. As a result, the exports attained 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 coniferous roundwood exports from Luxembourg, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest markets for coniferous roundwood exported from Luxembourg worldwide, together comprising 97% of total exports.

France, with a CAGR of +13.0%, 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 coniferous roundwood export price stood at $X per cubic meter in 2022, falling by -13.9% against the previous year. Over the period under review, the export price showed a mild reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to France ($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 Belgium (-1.5%), while the prices for the other major destinations experienced a decline.

Coniferous Roundwood Imports

Imports into Luxembourg

For the third consecutive year, Luxembourg recorded growth in purchases abroad of roundwood (coniferous), which increased by 63% to X cubic meters in 2022. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coniferous roundwood imports surged to $X in 2022. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. Over the period under review, imports attained 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 coniferous roundwood imports to Luxembourg, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), with a combined 97% share of total imports.

Germany, with a CAGR of +12.4%, saw the highest growth rate of 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, shrinking by -15.4% against the previous year. Overall, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per cubic meter) and Germany ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) and France ($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 (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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