U.S.: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in the U.S.

The U.S. industrial roundwood (non-coniferous) market expanded slightly to $X in 2022, increasing by 4.8% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Industrial roundwood (non-coniferous) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in the U.S.

In value terms, industrial roundwood (non-coniferous) production rose remarkably to $X in 2022. In general, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 85% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, (non-coniferous) production growth failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from the U.S.

In 2022, approx. X cubic meters of industrial roundwood were exported from the United States; approximately equating the year before. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 37%. Over the period under review, the (non-coniferous) exports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. Over the period under review, the (non-coniferous) exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X cubic meters), Canada (X cubic meters) and Vietnam (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from the United States, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -1.6%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from the United States, comprising 59% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports. It was followed by Vietnam, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.6% per year) and Vietnam (+6.2% per year).

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, picking up by 8.5% against the previous year. Over the period under review, the export price showed buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 71% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Canada ($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 Japan (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into the U.S.

Industrial roundwood (non-coniferous) imports into the United States skyrocketed to X cubic meters in 2022, picking up by 46% compared with the year before. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 94%. Over the period under review, (non-coniferous) imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) imports dropped slightly to $X in 2022. Over the period under review, imports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2014 when imports increased by 16% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada (X cubic meters), Italy (X cubic meters) and France (X cubic meters) were the main suppliers of industrial roundwood (non-coniferous) imports to the United States, together accounting for 53% of total imports. Brazil, China, Bulgaria, Nigeria, Germany, Paraguay, Costa Rica, Australia, the Netherlands and Lithuania lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +163.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of industrial roundwood to the United States, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 5.5% share of total imports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.3% per year) and China (-8.8% per year).

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, declining by -33.3% against the previous year. Over the period under review, the import price faced a dramatic decrease. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Canada ($X per cubic meter), while the price for Bulgaria ($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 Italy (-7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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