United Kingdom: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in the UK

The UK market for coniferous wood in the rough fell modestly to $X in 2022, reducing by -3.1% against the previous year. In general, consumption showed a mild contraction. Coniferous wood in the rough consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in the UK

In value terms, coniferous wood in the rough production fell to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 9.4% against the previous year. Over the period under review, coniferous wood in rough production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from the UK

In 2016, overseas shipments of coniferous wood in the rough decreased by -27% to X cubic meters, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports reduced remarkably to $X in 2016. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X cubic meters) was the main destination for coniferous wood in the rough exports from the UK, accounting for a 80% share of total exports. Moreover, coniferous wood in the rough exports to Ireland exceeded the volume sent to the second major destination, Sweden (X cubic meters), more than tenfold. The third position in this ranking was taken by Germany (X cubic meters), with a 5.9% share.

From 2012 to 2016, the average annual growth rate of volume to Ireland amounted to +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-40.8% per year) and Germany (-45.2% per year).

In value terms, Ireland ($X) remains the key foreign market for coniferous wood in the rough exports from the UK, comprising 60% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 17% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Ireland totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+68.0% per year) and China (-29.4% per year).

Export Prices by Country

In 2016, the average export price for coniferous wood in the rough amounted to $X per cubic meter, remaining constant against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2015 an increase of 15%. As a result, the export price attained the peak level of $X per cubic meter, leveling off in the following year.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coniferous Wood In The Rough

Imports into the UK

In 2016, approx. X cubic meters of coniferous wood in the rough were imported into the UK; remaining constant against 2015 figures. In general, total imports indicated a buoyant increase from 2012 to 2016: its volume increased at an average annual rate of +13.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports decreased by -9.4% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of 59%. Over the period under review, coniferous wood in rough imports reached the maximum at X cubic meters in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports fell to $X in 2016. The total import value increased at an average annual rate of +5.3% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 48%. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2016, Ireland (X cubic meters) constituted the largest coniferous wood in the rough supplier to the UK, accounting for a 79% share of total imports. Moreover, coniferous wood in the rough imports from Ireland exceeded the figures recorded by the second-largest supplier, Sweden (X cubic meters), sixfold. The third position in this ranking was held by Latvia (X cubic meters), with a 4.7% share.

From 2012 to 2016, the average annual growth rate of volume from Ireland stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+9.5% per year) and Latvia (+87.2% per year).

In value terms, Ireland ($X) constituted the largest supplier of coniferous wood in the rough to the UK, comprising 59% of total imports. The second position in the ranking was taken by Sweden ($X), with a 21% share of total imports. It was followed by Latvia, with a 12% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Ireland totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.3% per year) and Latvia (+70.2% per year).

Import Prices by Country

In 2016, the average import price for coniferous wood in the rough amounted to $X per cubic meter, which is down by -11.8% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of 8.7%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Ireland ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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