Spain: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Spain

The Spanish coniferous roundwood market dropped modestly to $X in 2022, waning by -2.7% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Coniferous Roundwood Production in Spain

In value terms, coniferous roundwood production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Spain

In 2022, overseas shipments of roundwood (coniferous) increased by 2.4% to X cubic meters, rising for the fourth consecutive year after four years of decline. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +55.6% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, coniferous roundwood exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 77%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Portugal (X cubic meters), France (X cubic meters) and Belgium (X cubic meters) were the main destinations of coniferous roundwood exports from Spain, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +78.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Belgium ($X) appeared to be the largest markets for coniferous roundwood exported from Spain worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +71.6%, saw the highest growth rate of 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 coniferous roundwood export price stood at $X per cubic meter in 2022, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2018 an increase of 16%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Portugal ($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 France (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Coniferous Roundwood Imports

Imports into Spain

In 2022, overseas purchases of roundwood (coniferous) increased by 0.3% to X cubic meters, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports rose to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X cubic meters) was the main coniferous roundwood supplier to Spain, accounting for a 92% share of total imports. Moreover, coniferous roundwood imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at -2.1%.

In value terms, France ($X) constituted the largest supplier of roundwood (coniferous) to Spain, comprising 81% of total imports. The second position in the ranking was held by Portugal ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France amounted to +3.0%.

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, surging by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2017; however, from 2018 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 Portugal ($X per cubic meter), while the price for France amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.3%).

Source: IndexBox Platform

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