Belarus: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Belarus

After two years of growth, the Belarusian industrial roundwood (coniferous) market decreased by less than 0.1% to $X in 2022. Over the period under review, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Coniferous) Production in Belarus

In value terms, industrial roundwood (coniferous) production amounted to $X in 2022 estimated in export price. In general, production showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Roundwood (Coniferous) Exports

Exports from Belarus

In 2022, overseas shipments of industrial roundwood (coniferous) decreased by -3.3% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 251% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (coniferous) exports dropped to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 291% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Belarus, accounting for a 66% share of total exports. Moreover, industrial roundwood (coniferous) exports to Romania exceeded the volume sent to the second major destination, Lithuania (X cubic meters), sixfold. Poland (X cubic meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+10.3% per year) and Poland (-20.2% per year).

In value terms, Romania ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Belarus, comprising 49% of total exports. The second position in the ranking was held by China ($X), with a 19% share of total exports. It was followed by Uzbekistan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.0% per year) and Uzbekistan (+37.9% per year).

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, which is down by -2.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Belarus

In 2022, industrial roundwood (coniferous) imports into Belarus fell significantly to X cubic meters, shrinking by -88.3% compared with the previous year's figure. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,750% against the previous year. As a result, imports attained the peak of X cubic meters, and then contracted markedly in the following year.

In value terms, industrial roundwood (coniferous) imports dropped remarkably to $X in 2022. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 4,120% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Russia (X cubic meters) was the main supplier of industrial roundwood (coniferous) to Belarus, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +21.6%.

In value terms, Russia ($X) constituted the largest supplier of industrial roundwood (coniferous) to Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +15.7%.

Import Prices by Country

The average industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, increasing by 2.3% against the previous year. Overall, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 62%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.9% per year.

Source: IndexBox Platform

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