Global Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size

The global coniferous roundwood market dropped to $X in 2022, which is down by -2.2% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Coniferous Roundwood Production

In value terms, coniferous roundwood production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 99%. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a somewhat lower figure.

Coniferous Roundwood Exports

Exports

In 2022, overseas shipments of roundwood (coniferous) decreased by -13.4% to X cubic meters, falling for the second year in a row after three years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. The global exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coniferous roundwood exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

New Zealand was the major exporting country with an export of around X cubic meters, which finished at 34% of total exports. It was distantly followed by the Czech Republic (X cubic meters), Germany (X cubic meters), Norway (X cubic meters) and the Netherlands (X cubic meters), together creating a 35% share of total exports. The following exporters - the United States (X cubic meters), Canada (X cubic meters), Poland (X cubic meters), Sweden (X cubic meters), Austria (X cubic meters) and Finland (X cubic meters) - together made up 16% of total exports.

Exports from New Zealand increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, the Netherlands (+20.9%), Germany (+14.8%), the Czech Republic (+11.2%), Norway (+10.5%), Sweden (+7.9%), Finland (+6.7%), Austria (+6.5%) and Poland (+5.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.9% from 2012-2022. By contrast, Canada (-9.9%) and the United States (-14.7%) illustrated a downward trend over the same period. While the share of New Zealand (+13 p.p.), the Czech Republic (+8.4 p.p.), Germany (+8.3 p.p.), Norway (+4 p.p.) and the Netherlands (+4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Canada (-5.8 p.p.) and the United States (-16.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest coniferous roundwood supplier worldwide, comprising 35% of global exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of global exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled +9.8%. In the other countries, the average annual rates were as follows: the Czech Republic (+11.0% per year) and the United States (-2.8% per year).

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, with an increase of 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while Norway ($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 the United States (+14.0%), while the other global leaders experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports

In 2022, after two years of growth, there was significant decline in purchases abroad of roundwood (coniferous), when their volume decreased by -31.4% to X cubic meters. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. Global imports peaked at X cubic meters in 2021, and then reduced markedly in the following year.

In value terms, coniferous roundwood imports reduced dramatically to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

China represented the key importing country with an import of about X cubic meters, which amounted to 29% of total imports. It was distantly followed by Austria (X cubic meters), Germany (X cubic meters), Sweden (X cubic meters) and Japan (X cubic meters), together comprising a 32% share of total imports. The following importers - South Korea (X cubic meters), Belgium (X cubic meters), India (X cubic meters), Poland (X cubic meters), Latvia (X cubic meters), Finland (X cubic meters), Canada (X cubic meters) and Romania (X cubic meters) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to coniferous roundwood imports into China stood at -3.3%. At the same time, India (+58.8%), Latvia (+17.9%), Belgium (+10.2%), Poland (+10.1%), Romania (+8.0%), Austria (+2.9%) and Finland (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +58.8% from 2012-2022. Sweden, Canada and Germany experienced a relatively flat trend pattern. By contrast, South Korea (-3.4%) and Japan (-4.4%) illustrated a downward trend over the same period. India (+3.1 p.p.), Austria (+3 p.p.), Latvia (+2.2 p.p.), Belgium (+2.1 p.p.) and Poland (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Japan and China saw its share reduced by -3.6% and -11.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roundwood (coniferous) worldwide, comprising 48% of global imports. The second position in the ranking was taken by Japan ($X), with an 8.1% share of global imports. It was followed by Austria, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.0%. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and Austria (+2.3% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while Finland ($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 China (+6.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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