Spain: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Spain

In 2022, the Spanish industrial roundwood (non-coniferous) market decreased by -0.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.5%. Industrial roundwood (non-coniferous) consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Spain

In value terms, industrial roundwood (non-coniferous) production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, (non-coniferous) production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Spain

In 2022, shipments abroad of industrial roundwood was finally on the rise to reach X cubic meters after two years of decline. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of 48%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.

Exports by Country

Portugal (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Spain, with a 85% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to Portugal exceeded the volume sent to the second major destination, France (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.0% per year) and Iceland (+522.3% per year).

In value terms, Portugal ($X) remains the key foreign market for industrial roundwood exports from Spain, comprising 83% of total exports. The second position in the ranking was held by France ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.5% per year) and Iceland (+503.1% per year).

Export Prices by Country

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, with an increase of 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per cubic meter), while the average price for exports to France ($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 Portugal (+1.9%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Spain

In 2022, supplies from abroad of industrial roundwood increased by 3.8% to X cubic meters, rising for the fifth consecutive year after four years of decline. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Over the period under review, (non-coniferous) imports hit record highs at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports expanded significantly to $X in 2022. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Over the period under review, (non-coniferous) imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X cubic meters) and France (X cubic meters) were the main suppliers of industrial roundwood (non-coniferous) imports to Spain.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +9.1%).

In value terms, the largest industrial roundwood (non-coniferous) suppliers to Spain were France ($X) and Portugal ($X).

France, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, growing by 10% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The growth pace was the most rapid in 2015 when the average import price increased by 88% against the previous year. The import price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Portugal amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%).

Source: IndexBox Platform

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