New Zealand: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in New Zealand

In 2022, the New Zealand coniferous roundwood market decreased by -43.7% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, enjoyed a modest increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Coniferous Roundwood Production in New Zealand

In value terms, coniferous roundwood production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 152% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from New Zealand

In 2022, overseas shipments of roundwood (coniferous) were finally on the rise to reach X cubic meters after two years of decline. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.8% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous roundwood exports surged to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X cubic meters) was the main destination for coniferous roundwood exports from New Zealand, with a 88% share of total exports. Moreover, coniferous roundwood exports to China exceeded the volume sent to the second major destination, South Korea (X cubic meters), tenfold. Japan (X cubic meters) ranked third in terms of total exports with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.6% per year) and Japan (-9.9% per year).

In value terms, China ($X) remains the key foreign market for roundwood (coniferous) exports from New Zealand, comprising 88% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.4% share of total exports. It was followed by Japan, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.8% per year) and Japan (-5.5% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, with an increase of 2.9% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +68.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per cubic meter) and Japan ($X per cubic meter), while the average price for exports to China ($X per cubic meter) and South Korea ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into New Zealand

After two years of decline, purchases abroad of roundwood (coniferous) increased by 232% to X cubic meters in 2022. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 282%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible decline. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X cubic meters) was the main supplier of coniferous roundwood to New Zealand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at +78.1%.

In value terms, Australia ($X) constituted the largest supplier of roundwood (coniferous) to New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +51.1%.

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, with an increase of 151% against the previous year. Overall, the import price, however, showed a deep downturn. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -10.1% per year.

Source: IndexBox Platform

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