Iceland: Rough Wood Market Overview 2020

Rough Wood Market Size in Iceland

The revenue of the rough wood market in Iceland amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, rough wood consumption, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Iceland rough wood consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Rough Wood Production in Iceland

In value terms, rough wood production stood at $X in 2018 estimated in export prices. Over the period under review, rough wood production continues to indicate a relatively flat trend pattern. Over the period under review, rough wood production attained its peak figure level at $X in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure.

Rough Wood Exports

Exports by Country

New Zealand prevails in rough wood exports structure, finishing at X cubic meters, which was approx. X% of total exports in 2018. Canada (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Belgium (X%). The U.S. (X cubic meters), South Africa (X cubic meters), Sweden (X cubic meters), Finland (X cubic meters), Latvia (X cubic meters), Cote d'Ivoire (X cubic meters), Norway (X cubic meters) and Poland (X cubic meters) took a relatively small share of total exports.

New Zealand was also the fastest-growing in terms of the wood in the rough exports, with a CAGR of +X% from 2007 to 2018. At the same time, Norway (+X%) and Belgium (+X%) displayed positive paces of growth. Latvia experienced a relatively flat trend pattern. By contrast, Sweden (-X%), Canada (-X%), the U.S. (-X%), Poland (-X%), Finland (-X%), Cote d'Ivoire (-X%) and South Africa (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of New Zealand and Belgium increased by +X% and +X% percentage points, while Poland (-X p.p.), Canada (-X p.p.), Finland (-X p.p.), the U.S. (-X p.p.), Cote d'Ivoire (-X p.p.) and South Africa (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rough wood markets from Iceland were New Zealand ($X), Canada ($X) and Belgium ($X), with a combined X% share of total exports.

In terms of the main exporting countries, New Zealand experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the rough wood export price in Iceland amounted to $X per cubic meter, remaining stable against the previous year. In general, the rough wood export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for wood in the rough attained their maximum at $X per cubic meter in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Cote d'Ivoire ($X per cubic meter), while New Zealand ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Rough Wood Imports

Imports into Iceland

In 2018, the amount of wood in the rough imported into Iceland amounted to X cubic meters, going down by -X% against the previous year. Overall, rough wood imports continue to indicate a moderate deduction. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Iceland imports peaked at X cubic meters in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, rough wood imports totaled $X in 2018. Over the period under review, rough wood imports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, rough wood imports attained their peak of $X. From 2012 to 2018, the growth of rough wood imports failed to regain its momentum.

Imports by Country

The U.S. (X cubic meters), Japan (X cubic meters), Botswana (X cubic meters), India (X cubic meters), Namibia (X cubic meters), Saint Helena, Ascension and Tristan da Cunha (X cubic meters), the UK (X cubic meters), Mexico (X cubic meters), Ghana (X cubic meters), Canada (X cubic meters), Denmark (X cubic meters) and the Netherlands (X cubic meters) represented roughly X% of total imports of wood in the rough in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saint Helena, Ascension and Tristan da Cunha (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported wood in the rough into Iceland, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Namibia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to -X%. In the other countries, the average annual rates were as follows: India (-X% per year) and Namibia (+X% per year).

Import Prices by Country

In 2018, the rough wood import price in Iceland amounted to $X per cubic meter, waning by -X% against the previous year. Overall, the rough wood import price continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. In that year, the import prices for wood in the rough reached their peak level of $X per cubic meter. From 2013 to 2018, the growth in terms of the import prices for wood in the rough failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per cubic meter), while Saint Helena, Ascension and Tristan da Cunha ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Namibia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform