Overview of the Global Market for Coniferous Wood In The Rough

Market Size for Coniferous Wood In The Rough

The global market for coniferous wood in the rough fell slightly to $X in 2022, which is down by -2.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 9.7% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the global market failed to regain momentum.

Production of Coniferous Wood In The Rough

In value terms, coniferous wood in the rough production declined to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 17% against the previous year. Over the period under review, global coniferous wood in rough production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports

In 2022, shipments abroad of coniferous wood in the rough decreased by -2.3% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, the global coniferous wood in rough exports attained the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports contracted to $X in 2022. Over the period under review, exports showed a sharp slump. The growth pace was the most rapid in 2013 when exports increased by 29%. Over the period under review, the global coniferous wood in rough exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus was the key exporter of coniferous wood in the rough in the world, with the volume of exports recording X cubic meters, which was approx. 69% of total exports in 2022. It was distantly followed by Norway (X cubic meters), committing an 18% share of total exports. Democratic People's Republic of Korea (X cubic meters), Lao People's Democratic Republic (X cubic meters) and Montenegro (X cubic meters) held a little share of total exports.

Exports from Belarus increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (+25.8%), Lao People's Democratic Republic (+21.8%) and Montenegro (+3.8%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.8% from 2012-2022. By contrast, Norway (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Norway, Democratic People's Republic of Korea, Lao People's Democratic Republic and Montenegro increased by +68, +15, +4.2, +4 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Belarus ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of exports in 2022, with a combined 89% share of global exports.

Lao People's Democratic Republic, with a CAGR of +40.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12%. The global export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Montenegro ($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 Lao People's Democratic Republic (+15.4%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Coniferous Wood In The Rough

Imports

In 2022, overseas purchases of coniferous wood in the rough increased by 1.6% to X cubic meters, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, global coniferous wood in rough imports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, coniferous wood in the rough imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 25%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X cubic meters) and Kazakhstan (X cubic meters) were the main importers of coniferous wood in the rough in 2022, resulting at near 23% and 18% of total imports, respectively. Norway (X cubic meters) ranks next in terms of the total imports with a 12% share, followed by Bangladesh (7.7%) and Morocco (5.2%). Pakistan (X cubic meters), Serbia (X cubic meters), Bahrain (X cubic meters), Bermuda (X cubic meters), Hong Kong SAR (X cubic meters), Vietnam (X cubic meters), India (X cubic meters) and Democratic People's Republic of Korea (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bahrain (with a CAGR of +70.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported coniferous wood in the rough worldwide, comprising 41% of global imports. The second position in the ranking was held by Norway ($X), with an 8.9% share of global imports. It was followed by Morocco, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in Egypt stood at +10.3%. In the other countries, the average annual rates were as follows: Norway (-16.3% per year) and Morocco (-1.5% per year).

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15%. Global import price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Bahrain ($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 Vietnam (+4.4%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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