United Kingdom: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in the UK

The UK industrial roundwood (non-coniferous) market shrank remarkably to $X in 2022, with a decrease of -38.4% against the previous year. Over the period under review, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in the UK

In value terms, industrial roundwood (non-coniferous) production fell to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. Industrial roundwood (non-coniferous) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from the UK

For the third year in a row, the UK recorded decline in shipments abroad of industrial roundwood, which decreased by -1.2% to X cubic meters in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 169%. Over the period under review, the (non-coniferous) exports hit record highs at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) exports dropped notably to $X in 2022. In general, exports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 63%. Over the period under review, the (non-coniferous) exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from the UK, with a 85% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to Vietnam exceeded the volume sent to the second major destination, China (X cubic meters), more than tenfold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-28.4% per year) and the Netherlands (+63.7% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for industrial roundwood exports from the UK, comprising 55% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+99.7% per year) and France (+28.0% per year).

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, waning by -17.6% against the previous year. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in 2016 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 the Netherlands ($X per cubic meter), while the average price for exports to China ($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 Singapore (+197.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into the UK

In 2022, the amount of industrial roundwood imported into the UK declined notably to X cubic meters, falling by -60.1% compared with 2021 figures. Over the period under review, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 124% against the previous year. Imports peaked at X cubic meters in 2021, and then fell rapidly in the following year.

In value terms, industrial roundwood (non-coniferous) imports shrank significantly to $X in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X cubic meters) constituted the largest supplier of industrial roundwood (non-coniferous) to the UK, accounting for a 39% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from France exceeded the figures recorded by the second-largest supplier, Estonia (X cubic meters), threefold. Russia (X cubic meters) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+16.3% per year) and Russia (+44.3% per year).

In value terms, France ($X) constituted the largest supplier of industrial roundwood to the UK, comprising 36% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Russia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from France totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.4% per year) and Russia (+26.5% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, rising by 54% against the previous year. Overall, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per cubic meter), while the price for Estonia ($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 Belgium (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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