Russian Federation: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in the Russian Federation

The Russian market for coniferous wood in the rough reduced to $X in 2022, which is down by -9.5% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.7% against 2020 indices. Coniferous wood in the rough consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in the Russian Federation

In value terms, coniferous wood in the rough production dropped markedly to $X in 2022 estimated in export price. In general, production recorded moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 154% against the previous year. Coniferous wood in the rough production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports from the Russian Federation

Coniferous wood in the rough exports from Russia soared to X cubic meters in 2016, with an increase of 46% against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the coniferous wood in rough exports hit record highs at X cubic meters in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports expanded to $X in 2016. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 8.8%. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for coniferous wood in the rough exports from Russia, accounting for a 84% share of total exports. Moreover, coniferous wood in the rough exports to China exceeded the volume sent to the second major destination, Finland (X cubic meters), tenfold. The third position in this ranking was held by Japan (X cubic meters), with a 1.8% share.

From 2012 to 2016, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+22.7% per year) and Japan (-4.1% per year).

In value terms, China ($X) remains the key foreign market for coniferous wood in the rough exports from Russia, comprising 88% of total exports. The second position in the ranking was taken by Finland ($X), with a 6% share of total exports. It was followed by Japan, with a 1.9% share.

From 2012 to 2016, the average annual growth rate of value to China amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+9.8% per year) and Japan (-11.7% per year).

Export Prices by Country

In 2016, the average export price for coniferous wood in the rough amounted to $X per cubic meter, declining by -29.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 8.4% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, and then dropped rapidly in the following year.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into the Russian Federation

In 2016, supplies from abroad of coniferous wood in the rough decreased by -9.3% to X cubic meters, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when imports increased by 202%. As a result, imports reached the peak of X cubic meters. From 2014 to 2016, the growth of imports failed to regain momentum.

In value terms, coniferous wood in the rough imports shrank to $X in 2016. In general, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 182% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2016, Canada (X cubic meters) constituted the largest supplier of coniferous wood in the rough to Russia, with a 84% share of total imports. Moreover, coniferous wood in the rough imports from Canada exceeded the figures recorded by the second-largest supplier, Belarus (X cubic meters), sevenfold.

From 2012 to 2016, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+189.5% per year) and Bosnia and Herzegovina (0.0% per year).

In value terms, Canada ($X) constituted the largest supplier of coniferous wood in the rough to Russia, comprising 64% of total imports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 27% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (0.0% per year) and Belarus (+238.8% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2016, growing by 5.8% against the previous year. Over the last four-year period, it increased at an average annual rate of +8.0%. The pace of growth appeared the most rapid in 2014 an increase of 31%. The import price peaked in 2016 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Belarus (+17.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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