Sweden: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Sweden

The Swedish industrial roundwood (non-coniferous) market dropped to $X in 2022, which is down by -5.7% against the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Sweden

In value terms, industrial roundwood (non-coniferous) production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, (non-coniferous) production growth remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Sweden

In 2022, shipments abroad of industrial roundwood increased by 33% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 144% against the previous year. Over the period under review, the (non-coniferous) exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of 137%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

Exports by Country

Finland (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Sweden, with a 55% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to Finland exceeded the volume sent to the second major destination, Denmark (X cubic meters), threefold. The third position in this ranking was held by China (X cubic meters), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+3.0% per year) and China (+66.1% per year).

In value terms, Finland ($X), China ($X) and Denmark ($X) were the largest markets for industrial roundwood (non-coniferous) exported from Sweden worldwide, together accounting for 75% of total exports. Germany and Pakistan lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Pakistan, with a CAGR of +63.2%, recorded the highest growth rate of the value of exports, 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 (non-coniferous) export price amounted to $X per cubic meter, growing by 18% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per cubic meter), while the average price for exports to Finland ($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 Pakistan (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Sweden

In 2022, overseas purchases of industrial roundwood were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2018 when imports increased by 39%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports surged to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 96%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Latvia (X cubic meters), Estonia (X cubic meters) and Finland (X cubic meters) were the main suppliers of industrial roundwood (non-coniferous) imports to Sweden, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of industrial roundwood to Sweden, comprising 52% of total imports. The second position in the ranking was taken by Estonia ($X), with a 24% share of total imports. It was followed by Finland, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+3.6% per year) and Finland (+27.0% per year).

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, with an increase of 50% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (non-coniferous) import price increased by +61.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue 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 Germany ($X per cubic meter), while the price for Russia ($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 Latvia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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