Ukraine: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Ukraine

In 2022, after six years of growth, there was decline in the Ukrainian industrial roundwood market, when its value decreased by -0.8% to $X. In general, consumption continues to indicate a strong expansion. Industrial roundwood consumption peaked at $X in 2021, and then declined in the following year.

Industrial Roundwood Production in Ukraine

In value terms, industrial roundwood production totaled $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports from Ukraine

In 2022, shipments abroad of industrial roundwood decreased by -59% to X cubic meters, falling for the seventh consecutive year after four years of growth. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood exports contracted markedly to $X in 2022. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2015 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X cubic meters) was the main destination for industrial roundwood exports from Ukraine, with a 62% share of total exports. Moreover, industrial roundwood exports to Poland exceeded the volume sent to the second major destination, China (X cubic meters), threefold. The third position in this ranking was taken by the United States (X cubic meters), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to -22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-37.0% per year) and the United States (-20.2% per year).

In value terms, the largest markets for industrial roundwood exported from Ukraine were China ($X), Poland ($X) and Turkey ($X), with a combined 58% share of total exports. Serbia, the United States and Hungary lagged somewhat behind, together comprising a further 3.1%.

Serbia, with a CAGR of +16.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, with an increase of 11% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 52%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Turkey ($X per cubic meter), while the average price for exports to Poland ($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 Hungary (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Ukraine

In 2022, approx. X cubic meters of industrial roundwood were imported into Ukraine; falling by -8.4% on the previous year's figure. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 722% against the previous year. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 761%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest industrial roundwood supplier to Ukraine, with a 53% share of total imports. Moreover, industrial roundwood imports from Russia exceeded the figures recorded by the second-largest supplier, Slovakia (X cubic meters), twofold. The third position in this ranking was taken by Poland (X cubic meters), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+83.1% per year) and Poland (+61.3% per year).

In value terms, Poland ($X), Slovakia ($X) and Russia ($X) appeared to be the largest industrial roundwood suppliers to Ukraine, with a combined 89% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of +114.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial roundwood import price stood at $X per cubic meter in 2022, increasing by 42% against the previous year. In general, the import price saw buoyant growth. The growth pace was the most rapid in 2021 an increase of 90% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Russia ($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 Poland (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :