Industrial Roundwood (Non-Coniferous) Market

The global industrial roundwood market is expected to see growth in both market volume and value over the period from 2022 to 2030. Consumption, production, imports, and exports of industrial roundwood are explored in detail, with key insights provided on trends, countries leading in consumption and production, as well as pricing dynamics. The article highlights the market performance and forecasts for the coming years, offering a comprehensive analysis of the global industrial roundwood market.

Market Forecast

Driven by increasing demand for industrial roundwood worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 953M cubic meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $635.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Industrial Roundwood (Non-Coniferous)

In 2022, consumption of industrial roundwood increased by 0.8% to 848M cubic meters, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the consumption volume increased by 7.2%. As a result, consumption attained the peak volume of 882M cubic meters. From 2019 to 2022, the growth of the global (non-coniferous) consumption remained at a somewhat lower figure.

The global industrial roundwood (non-coniferous) market size dropped to $445.9B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Global consumption peaked at $447.8B in 2021, and then declined in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (166M cubic meters), Brazil (99M cubic meters) and Indonesia (88M cubic meters), together comprising 42% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Indonesia (with a CAGR of +3.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($304.1B) led the market, alone. The second position in the ranking was taken by China ($57.1B). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +3.8%. The remaining consuming countries recorded the following average annual rates of market growth: China (+0.9% per year) and the United States (+3.6% per year).

The countries with the highest levels of industrial roundwood (non-coniferous) per capita consumption in 2022 were Chile (761 cubic meters per 1000 persons), Canada (668 cubic meters per 1000 persons) and Brazil (459 cubic meters per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +2.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Industrial Roundwood (Non-Coniferous)

Global industrial roundwood (non-coniferous) production reduced slightly to 842M cubic meters in 2022, remaining relatively unchanged against 2021 figures. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 7.2% against the previous year. As a result, production reached the peak volume of 887M cubic meters. From 2019 to 2022, global (non-coniferous) production growth remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) production dropped to $915.5B in 2022 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 603%. As a result, production reached the peak level of $925.1B. From 2020 to 2022, global (non-coniferous) production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (152M cubic meters), Brazil (101M cubic meters) and Indonesia (88M cubic meters), with a combined 40% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Indonesia (with a CAGR of +3.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Industrial Roundwood (Non-Coniferous)

In 2022, global industrial roundwood (non-coniferous) imports dropped to 57M cubic meters, which is down by -3.9% against 2021 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 41%. Global imports peaked at 65M cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports expanded to $7.5B in 2022. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. As a result, imports attained the peak of $12.1B. From 2015 to 2022, the growth of global (non-coniferous) imports remained at a somewhat lower figure.

Imports By Country

In 2022, China (14M cubic meters), distantly followed by Free Zones (8.3M cubic meters), the Netherlands (5.7M cubic meters), Sweden (3.7M cubic meters), Belgium (3.7M cubic meters) and Portugal (3M cubic meters) were the key importers of industrial roundwood, together committing 68% of total imports. Finland (2.4M cubic meters), Italy (2.3M cubic meters), Vietnam (1.7M cubic meters), Lao People's Democratic Republic (1.5M cubic meters), India (1.1M cubic meters), Austria (1.1M cubic meters) and Slovakia (1.1M cubic meters) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +97.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($3.7B) constitutes the largest market for imported industrial roundwood worldwide, comprising 49% of global imports. The second position in the ranking was held by Free Zones ($502M), with a 6.6% share of global imports. It was followed by Vietnam, with a 6.6% share.

In China, industrial roundwood (non-coniferous) imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Free Zones (+7.2% per year) and Vietnam (+4.7% per year).

Import Prices By Country

The average industrial roundwood (non-coniferous) import price stood at $133 per cubic meter in 2022, increasing by 6.2% against the previous year. In general, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $195 per cubic meter in 2014; however, from 2015 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 India ($335 per cubic meter), while the Netherlands ($5.6 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Industrial Roundwood (Non-Coniferous)

In 2022, approx. 51M cubic meters of industrial roundwood were exported worldwide; reducing by -15.4% compared with the previous year's figure. Over the period under review, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 10%. The global exports peaked at 72M cubic meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports expanded significantly to $6.8B in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The global exports peaked at $8B in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, Uruguay (8.8M cubic meters), followed by Russia (5.4M cubic meters), Papua New Guinea (3.5M cubic meters), France (3.3M cubic meters), Latvia (3.2M cubic meters) and Brazil (2.4M cubic meters) were the major exporters of industrial roundwood, together committing 52% of total exports. The United States (2.1M cubic meters), Solomon Islands (1.9M cubic meters), Estonia (1.6M cubic meters), Belgium (1.5M cubic meters), Germany (1.3M cubic meters), Cameroon (1.2M cubic meters) and Congo (1.2M cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +53.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (non-coniferous) supplying countries worldwide were the United States ($887M), Papua New Guinea ($651M) and Uruguay ($562M), together comprising 31% of global exports. France, Congo, Solomon Islands, Russia, Cameroon, Latvia, Belgium, Brazil, Germany and Estonia lagged somewhat behind, together comprising a further 40%.

Among the main exporting countries, Brazil, with a CAGR of +35.2%, recorded the highest growth rate of the value of exports, 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 industrial roundwood (non-coniferous) export price amounted to $134 per cubic meter, growing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($418 per cubic meter), while Russia ($60 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 (+14.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform