Finland: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Finland

The Finnish industrial roundwood (non-coniferous) market reduced sharply to $X in 2022, with a decrease of -33.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Industrial Roundwood (Non-Coniferous) Production in Finland

In value terms, industrial roundwood (non-coniferous) production dropped notably to $X in 2022 estimated in export price. In general, production, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 230% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, (non-coniferous) production growth failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Finland

In 2022, overseas shipments of industrial roundwood increased by 276% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 4,330%. Over the period under review, the (non-coniferous) exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,274%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Sweden (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Finland, with a 92% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to Sweden exceeded the volume sent to the second major destination, Poland (X cubic meters), more than tenfold. The third position in this ranking was held by Estonia (X cubic meters), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +103.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-24.8% per year) and Estonia (+391.1% per year).

In value terms, Sweden ($X) remains the key foreign market for industrial roundwood exports from Finland, comprising 85% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.4% share of total exports. It was followed by Estonia, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +102.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-22.4% per year) and Estonia (+381.9% per year).

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, which is down by -4.1% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per cubic meter), while the average price for exports to Sweden ($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 Poland (+3.2%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Finland

In 2022, overseas purchases of industrial roundwood decreased by -49.8% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 51%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of (non-coniferous) imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports fell significantly to $X in 2022. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 77%. Over the period under review, (non-coniferous) imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Latvia (X cubic meters), Estonia (X cubic meters) and Russia (X cubic meters) were the main suppliers of industrial roundwood (non-coniferous) imports to Finland, with a combined 95% share of total imports. These countries were followed by Sweden, which accounted for a further 2.3%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (non-coniferous) suppliers to Finland were Latvia ($X), Estonia ($X) and Russia ($X), together accounting for 83% of total imports. These countries were followed by Sweden, which accounted for a further 2.2%.

Among the main suppliers, Sweden, with a CAGR of +19.0%, 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 industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, rising by 16% against the previous year. In general, the import price, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per cubic meter) and Estonia ($X per cubic meter), while the price for Russia ($X per cubic meter) and Latvia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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