Eastern Europe: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Eastern Europe

After two years of growth, the East European industrial roundwood (coniferous) market decreased by -1.5% to $X in 2022. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.7% against 2016 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

Industrial Roundwood (Coniferous) Production in Eastern Europe

In value terms, industrial roundwood (coniferous) production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by 15%. As a result, production attained the peak level of $X, and then reduced in the following year.

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Industrial Roundwood (Coniferous) Exports

Exports in Eastern Europe

In 2022, approx. X cubic meters of industrial roundwood (coniferous) were exported in Eastern Europe; declining by -20.5% against the previous year. Over the period under review, exports saw a noticeable slump. The growth pace was the most rapid in 2013 when exports increased by 16% against the previous year. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Czech Republic (X cubic meters) represented the key exporter of industrial roundwood (coniferous), mixing up 62% of total exports. Poland (X cubic meters) took the second position in the ranking, distantly followed by Slovakia (X cubic meters) and Latvia (X cubic meters). All these countries together took near 27% share of total exports. The following exporters - Estonia (X cubic meters), Belarus (X cubic meters) and Lithuania (X cubic meters) - together made up 9.4% of total exports.

The Czech Republic was also the fastest-growing in terms of the industrial roundwood (coniferous) exports, with a CAGR of +11.2% from 2012 to 2022. At the same time, Poland (+5.7%) displayed positive paces of growth. Slovakia experienced a relatively flat trend pattern. By contrast, Belarus (-4.0%), Latvia (-5.4%), Estonia (-7.2%) and Lithuania (-7.6%) illustrated a downward trend over the same period. While the share of the Czech Republic (+48 p.p.), Poland (+9.6 p.p.) and Slovakia (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest industrial roundwood (coniferous) supplier in Eastern Europe, comprising 61% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports. It was followed by Latvia, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic totaled +11.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+8.8% per year) and Latvia (+0.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per cubic meter in 2022, rising by 6.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 43%. Over the period under review, the export prices attained the maximum 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 Poland ($X per cubic meter), while Belarus ($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 Latvia (+5.9%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports in Eastern Europe

In 2022, supplies from abroad of industrial roundwood (coniferous) increased by 4.1% to X cubic meters, rising for the third consecutive year after four years of decline. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 72%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, industrial roundwood (coniferous) imports expanded remarkably to $X in 2022. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Poland (X cubic meters) and Latvia (X cubic meters) represented roughly 46% of total imports in 2022. Romania (X cubic meters) ranks next in terms of the total imports with a 14% share, followed by Slovakia (14%), the Czech Republic (14%) and Estonia (6.8%). Hungary (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Latvia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Slovakia, the Czech Republic, Estonia and Hungary lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Slovakia, with a CAGR of +23.4%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per cubic meter in 2022, with an increase of 6% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) import price increased by +54.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while Latvia ($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 Poland (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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