Norway: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Norway

The Norwegian industrial roundwood (coniferous) market declined sharply to $X in 2022, dropping by -34.8% against the previous year. Over the period under review, consumption showed a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Coniferous) Production in Norway

In value terms, industrial roundwood (coniferous) production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

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Industrial Roundwood (Coniferous) Exports

Exports from Norway

In 2022, industrial roundwood (coniferous) exports from Norway rose sharply to X cubic meters, increasing by 12% against the previous year's figure. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial roundwood (coniferous) exports expanded remarkably to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Norway, with a 66% share of total exports. Moreover, industrial roundwood (coniferous) exports to Sweden exceeded the volume sent to the second major destination, Germany (X cubic meters), fourfold. The third position in this ranking was held by Latvia (X cubic meters), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.3% per year) and Latvia (+150.2% per year).

In value terms, Sweden ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Norway, comprising 56% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by Latvia, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.1% per year) and Latvia (+103.1% per year).

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, surging by 1.9% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2021 an increase of 20%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Sweden ($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 Denmark (+4.6%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Coniferous) Imports

Imports into Norway

Industrial roundwood (coniferous) imports into Norway expanded notably to X cubic meters in 2022, picking up by 7.3% against 2021. Overall, imports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (coniferous) imports soared to $X in 2022. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X cubic meters) was the main industrial roundwood (coniferous) supplier to Norway, with a 99% share of total imports. It was followed by Estonia (X cubic meters), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled -2.4%.

In value terms, Sweden ($X) constituted the largest supplier of industrial roundwood (coniferous) to Norway, comprising 98% of total imports. The second position in the ranking was taken by Estonia ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at -4.4%.

Import Prices by Country

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, picking up by 23% against the previous year. In general, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while the price for Estonia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.5%).

Source: IndexBox Platform

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