Serbia: Roundwood Market 2024

Roundwood Market Size in Serbia

The Serbian roundwood market reached $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Roundwood consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Roundwood Production in Serbia

In value terms, roundwood production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Roundwood Exports

Exports from Serbia

In 2022, the amount of roundwood exported from Serbia dropped dramatically to X cubic meters, waning by X% against 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, roundwood exports shrank sharply to $X in 2022. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

China (X cubic meters) was the main destination for roundwood exports from Serbia, with a X% share of total exports. Moreover, roundwood exports to China exceeded the volume sent to the second major destination, Turkey (X cubic meters), fourfold. The third position in this ranking was taken by Bosnia and Herzegovina (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, China ($X) remains the key foreign market for roundwood exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Slovenia (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, growing by X% against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per cubic meter), while the average price for exports to Montenegro ($X per cubic meter) was amongst the lowest.

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

Roundwood Imports

Imports into Serbia

In 2022, after three years of growth, there was significant decline in overseas purchases of roundwood, when their volume decreased by X% to X cubic meters. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% 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, roundwood imports soared to $X in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Hungary (X cubic meters), Bosnia and Herzegovina (X cubic meters) and Croatia (X cubic meters) were the main suppliers of roundwood imports to Serbia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Hungary ($X) and Bosnia and Herzegovina ($X) constituted the largest roundwood suppliers to Serbia, with a combined X% share of total imports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roundwood import price increased by X% against 2015 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($X per cubic meter), while the price for Hungary ($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 Croatia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform