Romania: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Romania

In 2022, the Romanian industrial roundwood (coniferous) market decreased by -24.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Industrial Roundwood (Coniferous) Production in Romania

In value terms, industrial roundwood (coniferous) production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Industrial Roundwood (Coniferous) Exports

Exports from Romania

Industrial roundwood (coniferous) exports from Romania skyrocketed to X cubic meters in 2022, growing by 29% on the previous year. In general, exports, however, faced a sharp slump. The growth pace was the most rapid in 2013 with an increase of 135% against the previous year. As a result, the exports attained 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. Overall, exports, however, recorded a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Romania, accounting for a 52% share of total exports. Moreover, industrial roundwood (coniferous) exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X cubic meters), threefold. The third position in this ranking was taken by Italy (X cubic meters), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+44.0% per year) and Italy (+11.8% per year).

In value terms, the largest markets for industrial roundwood (coniferous) exported from Romania were Hungary ($X), France ($X) and Austria ($X), together accounting for 70% of total exports.

France, with a CAGR of +140.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, picking up by 90% against the previous year. In general, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2021 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Bulgaria ($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 (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Romania

In 2022, purchases abroad of industrial roundwood (coniferous) decreased by -34.3% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 90% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2021, and then fell significantly in the following year.

In value terms, industrial roundwood (coniferous) imports fell dramatically to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 134%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The Czech Republic (X cubic meters), Germany (X cubic meters) and Austria (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Romania, with a combined 71% share of total imports. Sweden, Slovakia and Poland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +293.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (coniferous) suppliers to Romania were the Czech Republic ($X), Germany ($X) and Sweden ($X), with a combined 67% share of total imports.

Sweden, with a CAGR of +243.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, surging by 15% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) import price increased by +49.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Poland ($X per cubic meter), while the price for Austria ($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 Slovakia (+12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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