Scandinavia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Scandinavia

The Scandinavia coniferous roundwood market dropped to $X in 2022, waning by -5.4% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Coniferous Roundwood Production in Scandinavia

In value terms, coniferous roundwood production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Coniferous Roundwood Exports

Exports in Scandinavia

For the third year in a row, Scandinavia recorded growth in shipments abroad of roundwood (coniferous), which increased by 20% to X cubic meters in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, coniferous roundwood exports soared to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Norway (X cubic meters) represented the largest exporter of roundwood (coniferous), achieving 64% of total exports. It was distantly followed by Sweden (X cubic meters) and Finland (X cubic meters), together generating a 36% share of total exports.

Norway was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +10.5% from 2012 to 2022. At the same time, Sweden (+7.9%) and Finland (+6.7%) displayed positive paces of growth. Norway (+6.8 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Finland saw its share reduced by -2.7% and -4.1% from 2012 to 2022, respectively.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Sweden, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per cubic meter in 2022, rising by 1.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 19%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 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 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 Sweden (+2.7%), while the other leaders experienced a decline in the export price figures.

Coniferous Roundwood Imports

Imports in Scandinavia

After three years of decline, purchases abroad of roundwood (coniferous) increased by 3.8% to X cubic meters in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous roundwood imports rose rapidly to $X in 2022. Overall, imports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 91%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden was the largest importer of roundwood (coniferous) in Scandinavia, with the volume of imports accounting for X cubic meters, which was near 69% of total imports in 2022. It was distantly followed by Finland (X cubic meters) and Norway (X cubic meters), together comprising a 31% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of roundwood (coniferous). At the same time, Finland (+1.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +1.3% from 2012-2022. By contrast, Norway (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Sweden increased by +1.8 and +1.7 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported roundwood (coniferous) in Scandinavia, comprising 68% of total imports. The second position in the ranking was held by Finland ($X), with a 24% share of total imports.

In Sweden, coniferous roundwood imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-1.8% per year) and Norway (-5.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per cubic meter in 2022, surging by 8.3% against the previous year. In general, the import price, however, saw a mild descent. The pace of growth was the most pronounced in 2018 an increase of 27%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per cubic meter), while Finland ($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 Sweden (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform