Northern America: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Northern America

In 2021, after six years of growth, there was decline in the North American market for coniferous wood in the rough, when its value decreased by -0.9% to $X. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of Coniferous Wood In The Rough in Northern America

In value terms, coniferous wood in the rough production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 75%. Over the period under review, coniferous wood in rough production hit record highs at $X in 2020, and then dropped modestly in the following year.

Exports of Coniferous Wood In The Rough

Exports in Northern America

In 2021, shipments abroad of coniferous wood in the rough increased by 7.4% to X cubic meters, rising for the fourth consecutive year after four years of decline. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 34% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports stood at $X in 2021. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of coniferous wood in the rough, namely Canada, represented more than two-thirds of total export.

Canada was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of +5.8% from 2012 to 2021. From 2012 to 2021, the share of Canada increased by +69 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) also remains the largest coniferous wood in the rough supplier in Northern America.

In Canada, coniferous wood in the rough exports expanded at an average annual rate of +3.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per cubic meter, which is down by -1.5% against the previous year. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2016 when the export price increased by 29%. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -2.2% per year.

Imports of Coniferous Wood In The Rough

Imports in Northern America

In 2021, supplies from abroad of coniferous wood in the rough decreased by -0.4% to X cubic meters, falling for the eighth year in a row after two years of growth. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when imports increased by 8.5% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, coniferous wood in the rough imports contracted to $X in 2021. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 8.3%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Canada prevails in imports structure, reaching X cubic meters, which was near 98% of total imports in 2021. Bermuda (X cubic meters) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of imports of coniferous wood in the rough. At the same time, Bermuda (+24.7%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of +24.7% from 2012-2021. From 2012 to 2021, the share of Canada increased by +23 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported coniferous wood in the rough in Northern America, comprising 99% of total imports. The second position in the ranking was held by Bermuda ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Canada stood at -2.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per cubic meter, declining by -1.8% against the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2015 an increase of 5.4% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per cubic meter), while Bermuda amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.5%).

Source: IndexBox Market Intelligence Platform

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