Sweden: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Sweden

The Swedish coniferous roundwood market declined to $X in 2022, dropping by -2.3% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Sweden

In value terms, coniferous roundwood production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Sweden

In 2022, approx. X cubic meters of roundwood (coniferous) were exported from Sweden; growing by 50% compared with the previous year. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 154%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Finland (X cubic meters), Norway (X cubic meters) and Latvia (X cubic meters) were the main destinations of coniferous roundwood exports from Sweden, with a combined 59% share of total exports. Romania, Germany, Poland, Denmark, Austria and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +7,348.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coniferous roundwood exported from Sweden were Finland ($X), Denmark ($X) and Romania ($X), with a combined 48% share of total exports.

Romania, with a CAGR of +4,922.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, waning by -7.4% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +9.3% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 76%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 the UK ($X per cubic meter), while the average price for exports to Norway ($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 the UK (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Sweden

In 2022, overseas purchases of roundwood (coniferous) were finally on the rise to reach X cubic meters after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 48%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous roundwood imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 95%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Norway (X cubic meters) constituted the largest coniferous roundwood supplier to Sweden, accounting for a 68% share of total imports. Moreover, coniferous roundwood imports from Norway exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), threefold. The third position in this ranking was held by Latvia (X cubic meters), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.9% per year) and Latvia (-13.1% per year).

In value terms, Norway ($X) constituted the largest supplier of roundwood (coniferous) to Sweden, comprising 63% of total imports. The second position in the ranking was held by Finland ($X), with a 21% share of total imports. It was followed by Latvia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Norway totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.8% per year) and Latvia (-9.5% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, growing by 8.8% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while the price for Norway ($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 Latvia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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