Scandinavia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Scandinavia

The Scandinavia industrial roundwood (non-coniferous) market dropped markedly to $X in 2022, declining by -19.6% against the previous year. Over the period under review, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Scandinavia

In value terms, industrial roundwood (non-coniferous) production declined markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 91%. As a result, production reached the peak level of $X. From 2020 to 2022, (non-coniferous) production growth remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Scandinavia

In 2022, exports of industrial roundwood in Scandinavia soared to X cubic meters, growing by 64% on 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 116%. Over the period under review, the (non-coniferous) exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial roundwood (non-coniferous) exports soared to $X in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Finland (X cubic meters) was the main exporter of industrial roundwood, comprising 71% of total exports. Norway (X cubic meters) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (8.1%).

Finland was also the fastest-growing in terms of the industrial roundwood exports, with a CAGR of +93.4% from 2012 to 2022. At the same time, Norway (+16.4%) and Sweden (+12.2%) displayed positive paces of growth. From 2012 to 2022, the share of Finland increased by +69 percentage points.

In value terms, Finland ($X) emerged as the largest industrial roundwood (non-coniferous) supplier in Scandinavia, comprising 68% of total exports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total exports.

In Finland, industrial roundwood (non-coniferous) exports expanded at an average annual rate of +66.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+6.4% per year) and Norway (+12.8% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per cubic meter, picking up by 11% against the previous year. Overall, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 17%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while Norway ($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 Norway (-3.1%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Scandinavia

Industrial roundwood (non-coniferous) imports declined notably to X cubic meters in 2022, which is down by -31.7% compared with 2021 figures. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of (non-coniferous) imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports shrank modestly to $X in 2022. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of (non-coniferous) imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X cubic meters) and Finland (X cubic meters) represented the largest importer of industrial roundwood in Scandinavia, creating 100% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of -1.9%).

In value terms, Sweden ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +1.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per cubic meter, with an increase of 42% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while Finland amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%).

Source: IndexBox Platform