Serbia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Serbia

The Serbian coniferous roundwood market expanded slightly to $X in 2022, picking up by 2.2% against the previous year. In general, consumption showed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in Serbia

In value terms, coniferous roundwood production reached $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 162%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Serbia

Coniferous roundwood exports from Serbia contracted sharply to X cubic meters in 2022, declining by -78% on the previous year's figure. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 318% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous roundwood exports fell remarkably to $X in 2022. In general, exports faced a deep contraction. The growth pace was the most rapid in 2013 when exports increased by 299%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

North Macedonia (X cubic meters) and Poland (X cubic meters) were the main destinations of coniferous roundwood exports from Serbia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of -5.4%).

In value terms, Poland ($X) remains the key foreign market for roundwood (coniferous) exports from Serbia, comprising 80% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to -47.6%.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, reducing by -4.1% against the previous year. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 138% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per cubic meter), while the average price for exports to North Macedonia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Serbia

In 2022, after two years of growth, there was significant decline in purchases abroad of roundwood (coniferous), when their volume decreased by -39.4% to X cubic meters. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports declined sharply to $X in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bosnia and Herzegovina (X cubic meters) constituted the largest supplier of coniferous roundwood to Serbia, accounting for a 64% share of total imports. Moreover, coniferous roundwood imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Hungary (X cubic meters), twofold. The third position in this ranking was taken by Poland (X cubic meters), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+66.9% per year) and Poland (+69.0% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of roundwood (coniferous) to Serbia, comprising 69% of total imports. The second position in the ranking was taken by Hungary ($X), with a 15% share of total imports. It was followed by Poland, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Bosnia and Herzegovina stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+77.8% per year) and Poland (+72.5% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, picking up by 28% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Hungary ($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 Romania (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform