Norway: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Norway

In 2022, the Norwegian sawnwood (coniferous) market increased by 182% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in Norway

In value terms, sawnwood (coniferous) production declined to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, production reached the peak level of $X, and then contracted in the following year.

Sawnwood (Coniferous) Exports

Exports from Norway

In 2022, the amount of sawnwood (coniferous) exported from Norway reduced to X cubic meters, falling by -3.8% against 2021. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 61%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports declined to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +26.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Sweden (X cubic meters), Germany (X cubic meters) and the UK (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Norway, together accounting for 55% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (coniferous) exported from Norway were Sweden ($X), the UK ($X) and Germany ($X), with a combined 54% share of total exports.

Sweden, with a CAGR of +14.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, almost unchanged from the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per cubic meter) and the UK ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) and Denmark ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.6%), while the prices for the other major destinations experienced a decline.

Sawnwood (Coniferous) Imports

Imports into Norway

In 2022, sawnwood (coniferous) imports into Norway skyrocketed to X cubic meters, growing by 1,495% against the year before. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X cubic meters) was the main supplier of sawnwood (coniferous) to Norway, accounting for a 93% share of total imports. Moreover, sawnwood (coniferous) imports from Sweden exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +25.8%.

In value terms, Sweden ($X) constituted the largest supplier of sawnwood (coniferous) to Norway, comprising 88% of total imports. The second position in the ranking was taken by Finland ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to +20.8%.

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, flattening at the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 15%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for Sweden amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-3.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :