Belgium: Roundwood Market 2024

Roundwood Market Size in Belgium

In 2022, the Belgian roundwood market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Roundwood Production in Belgium

In value terms, roundwood production rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Roundwood Exports

Exports from Belgium

In 2022, after five years of growth, there was significant decline in overseas shipments of roundwood, when their volume decreased by X% to X cubic meters. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2021, and then fell markedly in the following year.

In value terms, roundwood exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

China (X cubic meters) was the main destination for roundwood exports from Belgium, with a X% share of total exports. Moreover, roundwood exports to China exceeded the volume sent to the second major destination, Germany (X cubic meters), sixfold. Vietnam (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for roundwood exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period under review, export price indicated a noticeable expansion 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, roundwood export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Luxembourg ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Roundwood Imports

Imports into Belgium

In 2022, the amount of roundwood imported into Belgium shrank to X cubic meters, falling by X% on 2021. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, roundwood imports stood at $X in 2022. Overall, total imports indicated a noticeable increase 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

France (X cubic meters), the Netherlands (X cubic meters) and Germany (X cubic meters) were the main suppliers of roundwood imports to Belgium, together accounting for X% of total imports. Luxembourg, Denmark, Latvia, Ireland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest roundwood suppliers to Belgium, together comprising X% of total imports. Latvia, Luxembourg, Ireland, Denmark and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Denmark ($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 the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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