South Africa: Roundwood Market 2024

Roundwood Market Size in South Africa

The South African roundwood market contracted to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, saw a slight descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Roundwood Production in South Africa

In value terms, roundwood production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Roundwood Exports

Exports from South Africa

In 2022, overseas shipments of roundwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, roundwood exports reached $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. 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

Swaziland (X cubic meters), Saudi Arabia (X cubic meters) and the UK (X cubic meters) were the main destinations of roundwood exports from South Africa, together accounting for X% of total exports.

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

In value terms, Swaziland ($X) remains the key foreign market for roundwood exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Swaziland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per thousand cubic meters, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 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 thousand cubic meters in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per thousand cubic meters), while the average price for exports to the UK ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Roundwood Imports

Imports into South Africa

In 2022, imports of roundwood into South Africa skyrocketed to X cubic meters, rising by X% compared with the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, roundwood imports rose markedly to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Swaziland (X cubic meters) was the main supplier of roundwood to South Africa, with a X% share of total imports. Moreover, roundwood imports from Swaziland exceeded the figures recorded by the second-largest supplier, Namibia (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Swaziland amounted to X%.

In value terms, Swaziland ($X) constituted the largest supplier of roundwood to South Africa, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Swaziland stood at X%.

Import Prices by Country

The average roundwood import price stood at $X per thousand cubic meters in 2022, declining by X% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per thousand cubic meters in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($X per thousand cubic meters), while the price for Swaziland amounted to $X per thousand cubic meters.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :