Norway: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Norway

The Norwegian coniferous roundwood market dropped sharply to $X in 2022, waning by -27.6% against the previous year. In general, consumption saw a deep reduction. Coniferous roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coniferous Roundwood Production in Norway

In value terms, coniferous roundwood production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 22%. Coniferous roundwood production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Norway

Coniferous roundwood exports from Norway rose sharply to X cubic meters in 2022, increasing by 12% compared with the year before. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 61% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, coniferous roundwood exports expanded significantly to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X cubic meters) was the main destination for coniferous roundwood exports from Norway, with a 66% share of total exports. Moreover, coniferous roundwood exports to Sweden exceeded the volume sent to the second major destination, Germany (X cubic meters), fourfold. Latvia (X cubic meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.3% per year) and Latvia (+150.2% per year).

In value terms, Sweden ($X) remains the key foreign market for roundwood (coniferous) exports from Norway, comprising 56% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Latvia, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.1% per year) and Latvia (+103.1% per year).

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, rising by 1.9% against the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.6%), while the prices for the other major destinations experienced a decline.

Coniferous Roundwood Imports

Imports into Norway

In 2022, coniferous roundwood imports into Norway totaled X cubic meters, growing by 7.3% against the previous year's figure. Over the period under review, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 33%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X cubic meters) was the main coniferous roundwood supplier to Norway, with a 99% share of total imports. It was followed by Estonia (X cubic meters), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to -2.4%.

In value terms, Sweden ($X) constituted the largest supplier of roundwood (coniferous) to Norway, comprising 98% of total imports. The second position in the ranking was held by Estonia ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to -4.4%.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, picking up by 23% against the previous year. In general, the import price, however, saw a slight curtailment. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while the price for Estonia stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.5%).

Source: IndexBox Platform

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