Australia and Oceania: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Australia and Oceania

In 2022, the industrial roundwood market in Australia and Oceania increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a noticeable shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Industrial Roundwood Production in Australia and Oceania

In value terms, industrial roundwood production dropped slightly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Industrial Roundwood Exports

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in shipments abroad of industrial roundwood, which decreased by X% to X cubic meters in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports shrank to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand dominates exports structure, resulting at X cubic meters, which was near X% of total exports in 2022. Papua New Guinea (X cubic meters) held the second position in the ranking, followed by Solomon Islands (X cubic meters). All these countries together took approx. X% share of total exports. Australia (X cubic meters) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of industrial roundwood. At the same time, Solomon Islands (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of Solomon Islands (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest industrial roundwood supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports. It was followed by Solomon Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and Solomon Islands (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per cubic meter in 2022, growing by X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Solomon Islands ($X per cubic meter), while New Zealand ($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 Australia (X%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood Imports

Imports in Australia and Oceania

In 2022, overseas purchases of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports skyrocketed to $X in 2022. Overall, imports, however, saw a perceptible reduction. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, finishing at X cubic meters, which was near X% of total imports in 2022. It was distantly followed by Fiji (X cubic meters), Tonga (X cubic meters) and New Caledonia (X cubic meters), together constituting a X% share of total imports. Marshall Islands (X cubic meters), New Zealand (X cubic meters) and Kiribati (X cubic meters) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the industrial roundwood imports, with a CAGR of X% from 2012 to 2022. At the same time, Kiribati (X%), New Caledonia (X%) and Marshall Islands (X%) displayed positive paces of growth. By contrast, Fiji (X%), New Zealand (X%) and Tonga (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, New Caledonia, Kiribati and Marshall Islands increased by X, X, X and X percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported industrial roundwood in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports. It was followed by Marshall Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Fiji (X% per year) and Marshall Islands (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per cubic meter), while Tonga ($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 Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :