Russian Federation: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in the Russian Federation

For the third consecutive year, the Russian industrial roundwood (coniferous) market recorded growth in sales value, which increased by 1.6% to $X in 2022. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +49.9% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Industrial Roundwood (Coniferous) Production in the Russian Federation

In value terms, industrial roundwood (coniferous) production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +36.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then contracted in the following year.

Industrial Roundwood (Coniferous) Exports

Exports from the Russian Federation

For the sixth consecutive year, Russia recorded decline in overseas shipments of industrial roundwood (coniferous), which decreased by -99.9% to X cubic meters in 2022. In general, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2014 when exports increased by 11% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial roundwood (coniferous) exports contracted markedly to $X in 2022. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 8.8% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Russia, accounting for a 93% share of total exports. Moreover, industrial roundwood (coniferous) exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at -34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-23.3% per year) and Kyrgyzstan (-34.4% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for industrial roundwood (coniferous) exports from Russia, comprising 82% of total exports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at -38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-22.9% per year) and Kyrgyzstan (-38.8% per year).

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, reducing by -58.8% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 an increase of 40%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per cubic meter), while the average price for exports to Kazakhstan ($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 China (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into the Russian Federation

In 2021, industrial roundwood (coniferous) imports into Russia reduced rapidly to X cubic meters, declining by -48.3% compared with 2020. In general, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of 369% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) imports dropped rapidly to $X in 2021. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 158% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X cubic meters) and Finland (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Russia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +8.3%).

In value terms, Belarus ($X) and Finland ($X) appeared to be the largest industrial roundwood (coniferous) suppliers to Russia.

In terms of the main suppliers, Finland, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, jumping by 55% against the previous year. Overall, the import price posted a resilient expansion. The growth pace was the most rapid in 2019 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per cubic meter), while the price for Finland amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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