Russian Federation: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in the Russian Federation

In 2022, the Russian sawnwood (non-coniferous) market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a slight reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sawnwood (Non-Coniferous) Production in the Russian Federation

In value terms, sawnwood (non-coniferous) production declined slightly to $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from the Russian Federation

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were exported from Russia; falling by -15% compared with 2021. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then reduced notably in the following year.

In value terms, sawnwood (non-coniferous) exports contracted rapidly to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 73%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

China (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Russia, accounting for a 69% share of total exports. Moreover, sawnwood (non-coniferous) exports to China exceeded the volume sent to the second major destination, Estonia (X cubic meters), ninefold. Vietnam (X cubic meters) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+20.4% per year) and Vietnam (+44.2% per year).

In value terms, China ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Russia, comprising 59% of total exports. The second position in the ranking was held by Estonia ($X), with a 10% share of total exports. It was followed by Vietnam, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+28.2% per year) and Vietnam (+49.9% per year).

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, which is down by -3.1% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) export price increased by +67.0% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 54%. The export price peaked at $X per cubic meter in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per cubic meter), while the average price for exports to Kazakhstan ($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 Latvia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into the Russian Federation

After two years of growth, overseas purchases of sawnwood (non-coniferous) decreased by -22.8% to X cubic meters in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports reduced to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belarus (X cubic meters) constituted the largest sawnwood (non-coniferous) supplier to Russia, accounting for a 41% share of total imports. Moreover, sawnwood (non-coniferous) imports from Belarus exceeded the figures recorded by the second-largest supplier, Lithuania (X cubic meters), twofold. The third position in this ranking was taken by the United States (X cubic meters), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+23.8% per year) and the United States (-0.1% per year).

In value terms, Belarus ($X), the United States ($X) and Lithuania ($X) constituted the largest sawnwood (non-coniferous) suppliers to Russia, with a combined 63% share of total imports.

Lithuania, with a CAGR of +44.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, increasing by 16% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) import price decreased by -12.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 55%. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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