Ukraine: Roundwood Market 2024

Roundwood Market Size in Ukraine

The Ukrainian roundwood market reached $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated temperate growth 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Roundwood Production in Ukraine

In value terms, roundwood production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Ukraine

In 2022, shipments abroad of roundwood increased by X% to X cubic meters, rising for the second year in a row after six years of decline. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, roundwood exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for roundwood exports from Ukraine, with a X% share of total exports. Moreover, roundwood exports to the United States exceeded the volume sent to the second major destination, New Zealand (X cubic meters), more than tenfold. The third position in this ranking was held by Bahrain (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X.4% per year) and Bahrain (X% per year).

In value terms, Romania ($X) remains the key foreign market for roundwood exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by New Zealand, with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price recorded a significant decline. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. 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 remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while the average price for exports to Croatia (less than $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 Romania (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Ukraine

In 2022, overseas purchases of roundwood increased by X% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, roundwood imports surged to $X in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest roundwood supplier to Ukraine, with a X% share of total imports. Moreover, roundwood imports from Russia exceeded the figures recorded by the second-largest supplier, Slovakia (X cubic meters), fivefold. Poland (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Poland (X% per year).

In value terms, Poland ($X), Slovakia ($X) and Russia ($X) were the largest roundwood suppliers to Ukraine, together comprising X% of total imports.

Among the main suppliers, Poland, with a CAGR of X%, recorded 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

In 2022, the average roundwood import price amounted to $X per cubic meter, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Russia ($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 Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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