India: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in India

The Indian industrial roundwood (coniferous) market contracted remarkably to $X in 2022, with a decrease of -18.4% against the previous year. Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Industrial Roundwood (Coniferous) Production in India

In value terms, industrial roundwood (coniferous) production dropped to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

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Industrial Roundwood (Coniferous) Exports

Exports from India

In 2022, overseas shipments of industrial roundwood (coniferous) were finally on the rise to reach X cubic meters after two years of decline. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 181% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial roundwood (coniferous) exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of 152%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X cubic meters), Qatar (X cubic meters) and Mauritius (X cubic meters) were the main destinations of industrial roundwood (coniferous) exports from India, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +69.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Mauritius ($X) and Maldives ($X) appeared to be the largest markets for industrial roundwood (coniferous) exported from India worldwide, with a combined 86% share of total exports.

In terms of the main countries of destination, Maldives, with a CAGR of +79.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, with an increase of 2.5% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Australia ($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 Mauritius (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into India

Industrial roundwood (coniferous) imports into India dropped markedly to X cubic meters in 2022, with a decrease of -16.3% compared with 2021. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 1,784% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2021, and then declined notably in the following year.

In value terms, industrial roundwood (coniferous) imports expanded slightly to $X in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,327%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Uruguay (X cubic meters), Australia (X cubic meters) and the United States (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to India, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +201.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) constituted the largest supplier of industrial roundwood (coniferous) to India, comprising 43% of total imports. The second position in the ranking was held by Australia ($X), with a 21% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uruguay stood at +102.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+197.1% per year) and the United States (+77.6% per year).

Import Prices by Country

The average industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, jumping by 22% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per cubic meter), while the price for Singapore ($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 Argentina (+48.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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