Russian Federation: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in the Russian Federation

The Russian coniferous roundwood market rose rapidly to $X in 2022, growing by 6.2% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Coniferous roundwood consumption peaked in 2022 and is expected to retain growth in years to come.

Coniferous Roundwood Production in the Russian Federation

In value terms, coniferous roundwood production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from the Russian Federation

In 2022, coniferous roundwood exports from Russia fell significantly to X cubic meters, reducing by 99.9% against 2021. In general, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous roundwood exports dropped remarkably to $X in 2022. Overall, exports faced a precipitous slump. The pace of growth appeared the most rapid 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 lower figure.

Exports by Country

Kazakhstan (X cubic meters) was the main destination for coniferous roundwood exports from Russia, with a 86% share of total exports. Moreover, coniferous roundwood exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at -36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-22.3% per year) and Kyrgyzstan (-32.6% per year).

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

From 2012 to 2022, the average annual rate of growth in terms 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

The average coniferous roundwood export price stood at $X per cubic meter in 2022, waning by -41.5% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 an increase of 21%. As a result, the export price reached the peak level of $X per cubic meter, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per cubic meter), while the average price for exports to Kyrgyzstan ($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 (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into the Russian Federation

After two years of decline, purchases abroad of roundwood (coniferous) increased by 30% to X cubic meters in 2021. In general, imports, however, recorded a precipitous shrinkage. The growth pace was the most rapid in 2018 when imports increased by 369%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports skyrocketed to $X in 2021. Overall, imports, however, saw a sharp slump. The most prominent rate of growth was recorded in 2018 when imports increased by 158% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belarus (X cubic meters) constituted the largest coniferous roundwood supplier to Russia, accounting for a 75% share of total imports. Moreover, coniferous roundwood imports from Belarus exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from Belarus amounted to -6.9%.

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

Among 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

The average coniferous roundwood import price stood at $X per cubic meter in 2021, rising by 45% against the previous year. In general, the import price recorded a noticeable increase. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for Belarus totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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