Australia and Oceania: Coniferous Roundwood Market 2023

Coniferous Roundwood Market Size in Australia and Oceania

The coniferous roundwood market in Australia and Oceania reduced to $X in 2021, declining by -7.9% against the previous year. In general, consumption, however, saw a strong increase. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Coniferous Roundwood Production in Australia and Oceania

In value terms, coniferous roundwood production rose markedly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of 101% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Coniferous Roundwood Exports

Exports in Australia and Oceania

Coniferous roundwood exports rose notably to X cubic meters in 2021, increasing by 9.3% against the year before. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +6.1% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 35%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, coniferous roundwood exports skyrocketed to $X in 2021. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand dominates exports structure, reaching X cubic meters, which was near 97% of total exports in 2021. Australia (X cubic meters) held a little share of total exports.

New Zealand was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +8.2% from 2012 to 2021. Australia (-5.7%) illustrated a downward trend over the same period. While the share of New Zealand (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-6.2 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest coniferous roundwood supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by Australia ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +14.7%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per cubic meter, picking up by 79% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per cubic meter), while Australia totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.0%).

Coniferous Roundwood Imports

Imports in Australia and Oceania

In 2021, purchases abroad of roundwood (coniferous) increased by 292% to X cubic meters, rising for the third consecutive year after six years of decline. In general, imports, however, saw a deep reduction. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Fiji (X cubic meters) was the largest importer of roundwood (coniferous), mixing up 63% of total imports. It was distantly followed by French Polynesia (X cubic meters), generating a 24% share of total imports. Australia (X cubic meters), Tonga (X cubic meters) and Samoa (X cubic meters) held a relatively small share of total imports.

Imports into Fiji decreased at an average annual rate of -15.3% from 2012 to 2021. At the same time, French Polynesia (+79.7%) and Australia (+7.3%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +79.7% from 2012-2021. By contrast, Samoa (-1.7%) and Tonga (-25.0%) illustrated a downward trend over the same period. French Polynesia (+24 p.p.) and Australia (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Tonga and Fiji saw its share reduced by -9.6% and -15.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, French Polynesia ($X) constitutes the largest market for imported roundwood (coniferous) in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was taken by Fiji ($X), with a 16% share of total imports. It was followed by Australia, with a 15% share.

In French Polynesia, coniferous roundwood imports increased at an average annual rate of +73.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Fiji (-12.5% per year) and Australia (+5.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2021, reducing by -35.9% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the import price increased by 170% against the previous year. The level of import peaked at $X per cubic meter in 2020, and then dropped dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per cubic meter), while Fiji ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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