Northern America: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Northern America

In 2022, the North American industrial roundwood market decreased by -0.6% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.8%. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood Production in Northern America

In value terms, industrial roundwood production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports in Northern America

Industrial roundwood exports fell to X cubic meters in 2022, declining by -13.6% on the year before. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 36%. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial roundwood exports fell modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X cubic meters) represented the largest exporter of industrial roundwood, achieving 73% of total exports. It was distantly followed by Canada (X cubic meters), comprising a 27% share of total exports.

The United States was also the fastest-growing in terms of the industrial roundwood exports, with a CAGR of -4.5% from 2012 to 2022. Canada (-9.6%) illustrated a downward trend over the same period. The United States (+12 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -12% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest industrial roundwood supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per cubic meter in 2022, rising by 12% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood export price increased by +62.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices 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 (+7.4%).

Industrial Roundwood Imports

Imports in Northern America

In 2022, the amount of industrial roundwood imported in Northern America fell to X cubic meters, declining by -11.2% against the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 96%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial roundwood imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 36%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Canada (X cubic meters) was the largest importer of industrial roundwood, mixing up 80% of total imports. It was distantly followed by the United States (X cubic meters), mixing up a 19% share of total imports.

Canada was also the fastest-growing in terms of the industrial roundwood imports, with a CAGR of +1.2% from 2012 to 2022. The United States (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +4.4 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported industrial roundwood in Northern America, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with a 33% share of total imports.

In Canada, industrial roundwood imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, rising by 27% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood import price increased by +70.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 29% against the previous year. The level of import peaked in 2022 and is expected to retain 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 (+6.8%).

Source: IndexBox Platform

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