U.S.: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in the U.S.

The U.S. coniferous roundwood market expanded notably to $X in 2022, picking up by 9.6% against the previous year. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in the U.S.

In value terms, coniferous roundwood production surged to $X in 2022. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 149% against the previous year. Coniferous roundwood production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from the U.S.

In 2022, overseas shipments of roundwood (coniferous) decreased by -31.5% to X cubic meters, falling for the third year in a row after two years of growth. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 332%. 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, coniferous roundwood exports contracted rapidly to $X in 2022. Over the period under review, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of 196% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X cubic meters), Japan (X cubic meters) and China (X cubic meters) were the main destinations of coniferous roundwood exports from the United States, together accounting for 81% of total exports. India, Vietnam and South Korea lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +13.9%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) emerged as the key foreign market for roundwood (coniferous) exports from the United States, comprising 45% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Canada, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.7% per year) and Canada (+0.1% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, rising by 18% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to India ($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 (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into the U.S.

In 2022, purchases abroad of roundwood (coniferous) decreased by -1% to X cubic meters, falling for the third consecutive year after two years of growth. Overall, imports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2019 with an increase of 501% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports soared to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 502% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X cubic meters), Canada (X cubic meters) and New Zealand (X cubic meters) were the main suppliers of coniferous roundwood imports to the United States, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +103.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to the United States were Sweden ($X), Canada ($X) and New Zealand ($X), with a combined 99% share of total imports.

Sweden, with a CAGR of +119.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, increasing by 34% against the previous year. Over the period under review, the import price showed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for New Zealand ($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 Sweden (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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