SADC: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in SADC

The SADC coniferous roundwood market dropped slightly to $X in 2022, shrinking by -3.7% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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.

Coniferous Roundwood Production in SADC

In value terms, coniferous roundwood production contracted modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +4.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports in SADC

In 2022, shipments abroad of roundwood (coniferous) decreased by -7.7% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 267% against the previous year. The volume of export peaked at X cubic meters in 2021, and then dropped in the following year.

In value terms, coniferous roundwood exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 233% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

South Africa represented the main exporting country with an export of about X cubic meters, which reached 85% of total exports. It was distantly followed by Madagascar (X cubic meters), committing a 13% 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 (+66.3%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +66.3% from 2012-2022. South Africa (+13 p.p.) and Madagascar (+12 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest coniferous roundwood supplier in SADC, comprising 83% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 14% share of total exports.

In South Africa, coniferous roundwood exports expanded at an average annual rate of +37.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per cubic meter, surging by 18% against the previous year. Export price indicated a perceptible expansion 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, coniferous roundwood export price increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 stood at $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%).

Coniferous Roundwood Imports

Imports in SADC

In 2022, the amount of roundwood (coniferous) imported in SADC totaled X cubic meters, growing by 4.6% compared with 2021 figures. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 266% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 221% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Botswana (X cubic meters), Seychelles (X cubic meters), Mozambique (X cubic meters) and South Africa (X cubic meters) was the key importer of roundwood (coniferous) in SADC, committing 76% of total import. Lesotho (X cubic meters) took a 5.2% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (4.8%). 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 leading importing countries, was attained by Seychelles (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood importing markets in SADC were Botswana ($X), Mozambique ($X) and Tanzania ($X), together accounting for 65% of total imports.

Mozambique, with a CAGR of +33.5%, saw the highest growth rate of the value of imports, in terms of 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, surging by 18% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 84%. Over the period under review, import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per cubic meter), while Seychelles ($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