Northern America: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Northern America

The North American coniferous roundwood market amounted to $X in 2022, picking up by 7.4% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Coniferous Roundwood Production in Northern America

In value terms, coniferous roundwood production surged to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 317% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports in Northern America

Coniferous roundwood exports shrank sharply to X cubic meters in 2022, with a decrease of -24.5% compared with 2021. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 63%. Over the period under review, the exports attained the peak figure at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous roundwood exports contracted to $X in 2022. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 61%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X cubic meters), distantly followed by Canada (X cubic meters) were the main exporters of roundwood (coniferous), together committing 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of -9.9%).

In value terms, the United States ($X) remains the largest coniferous roundwood supplier in Northern America, comprising 70% of total exports. The second position in the ranking was held by Canada ($X), with a 30% share of total exports.

In the United States, coniferous roundwood exports decreased by an average annual rate of -2.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per cubic meter in 2022, growing by 13% against the previous year. Overall, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2020 an increase of 52%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.0%).

Coniferous Roundwood Imports

Imports in Northern America

In 2022, overseas purchases of roundwood (coniferous) decreased by -4.7% to X cubic meters, falling for the third consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 76,002% against the previous year. The volume of import peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports soared to $X in 2022. Overall, imports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2018 with an increase of 84,156% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X cubic meters) was the major importer of roundwood (coniferous), achieving 71% of total imports. It was distantly followed by the United States (X cubic meters), creating a 28% share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of roundwood (coniferous). At the same time, the United States (+2.0%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +2.0% from 2012-2022. While the share of the United States (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-3.3 p.p.) displayed negative dynamics.

In value terms, the largest coniferous roundwood importing markets in Northern America were Canada ($X) and the United States ($X).

In terms of the main importing countries, the United States, with a CAGR of +7.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, rising by 23% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood import price increased by +66.0% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, import prices hit record highs in 2022 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 amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%).

Source: IndexBox Platform

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