Ukraine: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Ukraine

In 2022, the Ukrainian sawnwood (coniferous) market decreased by -33% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption, however, posted buoyant growth. Sawnwood (coniferous) consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Sawnwood (Coniferous) Production in Ukraine

In value terms, sawnwood (coniferous) production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then reduced in the following year.

Sawnwood (Coniferous) Exports

Exports from Ukraine

In 2022, after six years of decline, there was significant growth in shipments abroad of sawnwood (coniferous), when their volume increased by 3,840% to X cubic meters. Over the period under review, exports, however, saw a deep contraction. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports soared to $X in 2022. In general, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X cubic meters), Italy (X cubic meters) and Moldova (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Ukraine, together comprising 35% of total exports. Turkey, Germany, Poland, Romania, China, the Netherlands, Belgium, Israel, Latvia and the Czech Republic lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (coniferous) exported from Ukraine were Hungary ($X), Italy ($X) and Germany ($X), together accounting for 34% of total exports. Moldova, Poland, Romania, Turkey, Belgium, the Netherlands, China, Latvia, the Czech Republic and Israel lagged somewhat behind, together accounting for a further 49%.

In terms of the main countries of destination, Latvia, with a CAGR of +86.0%, saw the highest rates of growth with regard to 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

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, growing by 29% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while the average price for exports to China ($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 Latvia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Ukraine

In 2022, the amount of sawnwood (coniferous) imported into Ukraine declined markedly to X cubic meters, waning by -93.8% compared with the previous year's figure. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 1,373% against the previous year. As a result, imports reached the peak of X cubic meters. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports shrank significantly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 1,612% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X cubic meters) constituted the largest supplier of sawnwood (coniferous) to Ukraine, accounting for a 40% share of total imports. Moreover, sawnwood (coniferous) imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X cubic meters), twofold. The third position in this ranking was held by Belarus (X cubic meters), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+25.3% per year) and Belarus (-68.7% per year).

In value terms, the largest sawnwood (coniferous) suppliers to Ukraine were Poland ($X), Morocco ($X) and Belarus ($X), together comprising 55% of total imports. Lithuania, Estonia, Sweden and Turkey lagged somewhat behind, together comprising a further 19%.

Sweden, with a CAGR of +41.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, growing by 49% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 an increase of 58%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per cubic meter), while the price for Lithuania ($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 Belarus (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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