Norway: Roundwood Market 2024

Roundwood Market Size in Norway

The Norwegian roundwood market contracted to $X in 2022, declining by X% against the previous year. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Roundwood Production in Norway

In value terms, roundwood production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a mild decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Roundwood production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Roundwood Exports

Exports from Norway

In 2022, exports of roundwood from Norway surged to X cubic meters, increasing by X% on 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, roundwood exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X cubic meters), Denmark (X cubic meters) and Poland (X cubic meters) were the main destinations of roundwood exports from Norway, with a combined X% share of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Latvia (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% 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 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 ($X per cubic meter), while the average price for exports to Denmark ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Norway

In 2022, imports of roundwood into Norway surged to X cubic meters, rising by X% compared with the previous year. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, roundwood imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X cubic meters), Estonia (X cubic meters) and Sweden (X cubic meters) were the main suppliers of roundwood imports to Norway, together accounting for X% of total imports. Russia, Lithuania and Finland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest roundwood suppliers to Norway were Sweden ($X), Latvia ($X) and Estonia ($X), together comprising X% of total imports.

Among the main suppliers, Latvia, with a CAGR of X%, saw 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

The average roundwood import price stood at $X per thousand cubic meters in 2022, jumping by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The import price peaked at $X per thousand cubic meters in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per thousand cubic meters), while the price for Russia ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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