Northern America: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Northern America

In 2022, the North American sawnwood (coniferous) market decreased by -4.9% 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 +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Sawnwood (Coniferous) Production in Northern America

In value terms, sawnwood (coniferous) production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 7.3%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Sawnwood (Coniferous) Exports

Exports in Northern America

Sawnwood (coniferous) exports soared to X cubic meters in 2022, increasing by 107% on 2021. In general, exports posted moderate growth. The volume of export peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 241%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada was the major exporter of sawnwood (coniferous) in Northern America, with the volume of exports accounting for X cubic meters, which was near 71% of total exports in 2022. It was distantly followed by the United States (X cubic meters), achieving a 29% share of total exports.

Canada was also the fastest-growing in terms of the sawnwood (coniferous) exports, with a CAGR of +7.5% from 2012 to 2022. The United States (-4.1%) illustrated a downward trend over the same period. While the share of Canada (+27 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-27.1 p.p.) displayed negative dynamics.

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

Among the main exporting countries, Canada, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per cubic meter in 2022, with a decrease of -4.8% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) export price decreased by -9.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 91% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat 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 stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.5%).

Sawnwood (Coniferous) Imports

Imports in Northern America

After three years of decline, overseas purchases of sawnwood (coniferous) increased by 37% to X cubic meters in 2022. Total imports indicated temperate growth 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. The growth pace was the most rapid in 2018 when imports increased by 143% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Canada was the major importing country with an import of about X cubic meters, which recorded 87% of total imports. It was distantly followed by the United States (X cubic meters), constituting a 13% share of total imports.

Canada was also the fastest-growing in terms of the sawnwood (coniferous) imports, with a CAGR of +5.7% from 2012 to 2022. The United States (-2.6%) illustrated a downward trend over the same period. While the share of Canada (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-12.2 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported sawnwood (coniferous) in Northern America, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada amounted to +3.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per cubic meter, surging by 7.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 30%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 (+10.5%).

Source: IndexBox Platform

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