Northern America: Industrial Roundwood (Coniferous) Market 2025

Industrial Roundwood (Coniferous) Market Size in Northern America

In 2022, after two years of growth, there was decline in the North American industrial roundwood (coniferous) market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.2% against the previous year. Over the period under review, the market reached the maximum level at $X in 2021, and then declined modestly in the following year.

Industrial Roundwood (Coniferous) Production in Northern America

In value terms, industrial roundwood (coniferous) production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7.3% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood (Coniferous) Exports

Exports in Northern America

In 2022, the amount of industrial roundwood (coniferous) exported in Northern America fell sharply to X cubic meters, with a decrease of -15.3% compared with the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports dropped to $X in 2022. Overall, exports showed a slight reduction. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States was the main exporting country with an export of around X cubic meters, which accounted for 70% of total exports. It was distantly followed by Canada (X cubic meters), achieving a 30% share of total exports.

The United States was also the fastest-growing in terms of the industrial roundwood (coniferous) exports, with a CAGR of -4.1% from 2012 to 2022. Canada (-9.9%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-14.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest industrial roundwood (coniferous) supplier in Northern America, comprising 74% of total exports. The second position in the ranking was held by Canada ($X), with a 26% share of total exports.

In the United States, industrial roundwood (coniferous) exports contracted by an average annual rate of -1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, with an increase of 8.5% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price 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, industrial roundwood (coniferous) export price increased by +44.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 31%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.3%).

Industrial Roundwood (Coniferous) Imports

Imports in Northern America

In 2022, industrial roundwood (coniferous) imports in Northern America shrank to X cubic meters, with a decrease of -10.8% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 97% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial roundwood (coniferous) imports surged to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 60%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Canada (X cubic meters) represented the major importer of industrial roundwood (coniferous), constituting 80% of total imports. It was distantly followed by the United States (X cubic meters), generating a 20% share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of industrial roundwood (coniferous). The United States (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +4.7 percentage points.

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of imports in 2022.

The United States, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, surging by 32% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) import price increased by +100.2% against 2018 indices. As a result, import 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 importers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%).

Source: IndexBox Platform

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