SADC: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in SADC

The SADC industrial roundwood (coniferous) market shrank to $X in 2022, dropping by -6.2% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Coniferous) Production in SADC

In value terms, industrial roundwood (coniferous) production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Roundwood (Coniferous) Exports

Exports in SADC

In 2022, the amount of industrial roundwood (coniferous) exported in SADC soared to X cubic meters, increasing by 38% compared with the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 267%. The volume of export peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 233%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa was the largest exporter of industrial roundwood (coniferous) in SADC, with the volume of exports amounting to X cubic meters, which was approx. 85% of total exports in 2022. It was distantly followed by Madagascar (X cubic meters), generating a 14% share of total exports.

Exports from South Africa increased at an average annual rate of +31.2% from 2012 to 2022. At the same time, Madagascar (+66.7%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +66.7% from 2012-2022. From 2012 to 2022, the share of South Africa and Madagascar increased by +14 and +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest industrial roundwood (coniferous) supplier in SADC, comprising 84% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +37.5%.

Export Prices by Country

The export price in SADC stood at $X per cubic meter in 2022, reducing by -15% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) export price increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per cubic meter), while South Africa amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.8%).

Industrial Roundwood (Coniferous) Imports

Imports in SADC

In 2022, approx. X cubic meters of industrial roundwood (coniferous) were imported in SADC; increasing by 19% against 2021 figures. In general, imports posted resilient growth. The growth pace was the most rapid in 2017 with an increase of 245%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, industrial roundwood (coniferous) imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 219% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Botswana (X cubic meters), Lesotho (X cubic meters), Mozambique (X cubic meters) and South Africa (X cubic meters) represented the major importer of industrial roundwood (coniferous) in SADC, achieving 75% of total import. Namibia (X cubic meters) held the next position in the ranking, followed by Tanzania (X cubic meters). All these countries together took near 12% share of total imports. Mauritius (X cubic meters) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Mozambique ($X) and Tanzania ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports.

Mozambique, with a CAGR of +33.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per cubic meter, increasing by 16% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 85% against the previous year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per cubic meter), while South Africa ($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 Mauritius (+16.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform