Scandinavia: Wood Barrel Market 2025

Wood Barrel Market Size in Scandinavia

The Scandinavia wood barrel market reached $X in 2022, stabilizing at the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +56.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Wood Barrel Production in Scandinavia

In value terms, wood barrel production shrank to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +63.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 51% 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.

Wood Barrel Exports

Exports in Scandinavia

After two years of growth, overseas shipments of casks, barrels, vats, tubs, and coopers products of wood decreased by -4.1% to X units in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, wood barrel exports reduced rapidly to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 52%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Finland (X units) and Sweden (X units) represented roughly 69% of total exports in 2022. It was followed by Norway (X units), generating a 31% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +29.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood barrel supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Among the main exporting countries, Sweden, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, waning by -15.5% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 39%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Wood Barrel Imports

Imports in Scandinavia

In 2022, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -2.6% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 57%. The volume of import peaked at X units in 2021, and then shrank modestly in the following year.

In value terms, wood barrel imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 62%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Sweden represented the key importer of casks, barrels, vats, tubs, and coopers products of wood in Scandinavia, with the volume of imports recording X units, which was near 51% of total imports in 2022. Norway (X units) took the second position in the ranking, followed by Finland (X units). All these countries together took approx. 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood barrel importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Finland, with a CAGR of +11.5%, recorded the highest growth rate of the value of imports, 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 Scandinavia amounted to $X per unit, shrinking by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2015 when the import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform