Chipped Non-Coniferous Wood Price in Estonia - 2023
Contents:
- Chipped Non-Coniferous Wood Price in Estonia (FOB) - 2023
- Chipped Non-Coniferous Wood Price in Estonia (CIF) - 2022
- Chipped Non-Coniferous Wood Exports in Estonia
- Chipped Non-Coniferous Wood Imports in Estonia
Chipped Non-Coniferous Wood Price in Estonia (FOB) - 2023
In September 2023, the average chipped non-coniferous wood export price amounted to $54.0 per cubic meter, falling by -25% against the previous month. Overall, the export price recorded a deep downturn. The growth pace was the most rapid in June 2023 an increase of 362% month-to-month. As a result, the export price reached the peak level of $385 per cubic meter. From July 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Denmark ($332 per cubic meter), while the average price for exports to Finland amounted to $45.7 per cubic meter.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.4%).
Chipped Non-Coniferous Wood Price in Estonia (CIF) - 2022
In 2022, the average chipped non-coniferous wood import price amounted to $69 per cubic meter, with an increase of 80% against the previous year. In general, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($915 per cubic meter), while the price for Latvia ($4.3 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 UK (+431.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Chipped Non-Coniferous Wood Exports in Estonia
In 2022, overseas shipments of non-coniferous wood in chips or particles were finally on the rise to reach 50K cubic meters after two years of decline. Over the period under review, exports, however, showed a precipitous decline. The exports peaked at 181K cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, chipped non-coniferous wood exports surged to $6.2M in 2022. In general, exports, however, faced a abrupt shrinkage. The exports peaked at $8.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Chipped Non-Coniferous Wood in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,565 | 1,023 | 586 | 2,314 | 13.9% |
| Denmark | 1,280 | 2,106 | 1,427 | 610 | -21.9% |
| South Korea | 314 | 374 | 333 | 519 | 18.2% |
| United Kingdom | 394 | 347 | 48.9 | 463 | 5.5% |
| Japan | 180 | 236 | 309 | 347 | 24.5% |
| Sweden | 3,157 | 337 | 32.6 | 344 | -52.2% |
| Germany | 391 | 320 | 39.9 | 274 | -11.2% |
| Russia | 27.3 | 7.2 | 7.2 | 166 | 82.5% |
| Latvia | 602 | 334 | N/A | 4.2 | -80.9% |
| Others | 904 | 1,092 | 590 | 1,195 | 9.7% |
| Total | 8,813 | 6,178 | 3,374 | 6,234 | -10.9% |
Top Export Markets for Chipped Non-Coniferous Wood from Estonia in 2022:
- Latvia (undefinedK cubic meters)
- Finland (30.6K cubic meters)
- Denmark (7.6K cubic meters)
- United Kingdom (3.0K cubic meters)
- South Korea (1.4K cubic meters)
- Germany (1.0K cubic meters)
- Japan (1.0K cubic meters)
- Sweden (0.9K cubic meters)
- Russia (0.9K cubic meters)
Chipped Non-Coniferous Wood Imports in Estonia
In 2022, approx. 13K cubic meters of non-coniferous wood in chips or particles were imported into Estonia; declining by -36.2% against the previous year's figure. In general, imports recorded a dramatic decrease. The smallest decline of -30% was in 2021. Over the period under review, imports attained the peak figure at 65K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, chipped non-coniferous wood imports expanded significantly to $871K in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports reached the peak figure at $1.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Chipped Non-Coniferous Wood in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,497 | 520 | 715 | 402 | -35.5% |
| United Kingdom | N/A | 0.2 | N/A | 252 | 3449.6% |
| Poland | 87.6 | 6.9 | 5.3 | 25.6 | -33.6% |
| Finland | 15.6 | 23.5 | 18.9 | 22.4 | 12.8% |
| Latvia | 44.3 | 55.8 | 1.5 | 5.0 | -51.7% |
| Ukraine | 5.4 | N/A | 10.5 | N/A | 39.4% |
| Others | 15.9 | 16.4 | 8.0 | 163 | 117.2% |
| Total | 1,665 | 622 | 760 | 871 | -19.4% |
Top Suppliers of Chipped Non-Coniferous Wood to Estonia in 2022:
- Russia (8.9K cubic meters)
- Poland (1.2K cubic meters)
- Latvia (1.1K cubic meters)
- Finland (0.6K cubic meters)
- United Kingdom (0.3K cubic meters)
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