Slovakia: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Slovakia

The Slovak industrial roundwood (coniferous) market fell to $X in 2022, reducing by -7.4% against the previous year. In general, consumption, however, recorded a notable expansion. Industrial roundwood (coniferous) consumption peaked at $X in 2021, and then declined in the following year.

Industrial Roundwood (Coniferous) Production in Slovakia

In value terms, industrial roundwood (coniferous) production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2014 when the production volume increased by 30% against the previous year. Industrial roundwood (coniferous) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood (Coniferous) Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded decline in shipments abroad of industrial roundwood (coniferous), which decreased by -4.4% to X cubic meters in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (coniferous) exports reduced sharply to $X in 2022. In general, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2018 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X cubic meters), Italy (X cubic meters) and the Czech Republic (X cubic meters) were the main destinations of industrial roundwood (coniferous) exports from Slovakia, together accounting for 65% of total exports. Hungary, Poland, Austria and China lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +196.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial roundwood (coniferous) exported from Slovakia were Romania ($X), Italy ($X) and the Czech Republic ($X), with a combined 62% share of total exports. Hungary, Poland, China and Austria lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, China, with a CAGR of +149.4%, saw 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

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, which is down by -11.6% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 19%. The export price 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 destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Austria ($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 Romania (-2.0%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Coniferous) Imports

Imports into Slovakia

In 2022, after six years of growth, there was significant decline in supplies from abroad of industrial roundwood (coniferous), when their volume decreased by -15.7% to X cubic meters. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 143% against the previous year. Imports peaked at X cubic meters in 2021, and then shrank markedly in the following year.

In value terms, industrial roundwood (coniferous) imports dropped to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 139%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the Czech Republic (X cubic meters) constituted the largest industrial roundwood (coniferous) supplier to Slovakia, with a 50% share of total imports. Moreover, industrial roundwood (coniferous) imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at +85.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+68.2% per year) and Poland (-0.1% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of industrial roundwood (coniferous) to Slovakia, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +81.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+61.4% per year) and Poland (+15.3% per year).

Import Prices by Country

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, increasing by 8.5% against the previous year. Overall, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for the Czech Republic ($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 Poland (+15.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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