Global Roundwood Market 2022

Roundwood Market Size

The global roundwood market stood at $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the global market remained at a lower figure.

Roundwood Production

In value terms, roundwood production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth failed to regain momentum.

Roundwood Exports

Exports

In 2021, the amount of roundwood exported worldwide expanded remarkably to X cubic meters, growing by 9.3% compared with 2020. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, the global exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, roundwood exports soared to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, New Zealand (X cubic meters), distantly followed by the Czech Republic (X cubic meters), Germany (X cubic meters), Russia (X cubic meters) and Uruguay (X cubic meters) were the major exporters of roundwood, together making up 51% of total exports. The following exporters - the Netherlands (X cubic meters), the United States (X cubic meters), Australia (X cubic meters), Belgium (X cubic meters), Norway (X cubic meters), Poland (X cubic meters), France (X cubic meters) and Canada (X cubic meters) - together made up 25% of total exports.

From 2012 to 2021, average annual rates of growth with regard to roundwood exports from New Zealand stood at +8.2%. At the same time, the Netherlands (+27.4%), Belgium (+16.8%), Germany (+15.5%), Australia (+15.3%), the Czech Republic (+14.8%), Uruguay (+13.3%), Norway (+10.8%) and Poland (+8.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.4% from 2012-2021. By contrast, France (-2.0%), Russia (-6.1%), Canada (-9.5%) and the United States (-12.2%) illustrated a downward trend over the same period. New Zealand (+8.3 p.p.), the Czech Republic (+5.5 p.p.), Germany (+5.1 p.p.), the Netherlands (+3.5 p.p.), Uruguay (+3.2 p.p.), Australia (+2.4 p.p.), Belgium (+2.4 p.p.) and Norway (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Canada, Russia and the United States saw its share reduced by -4.4%, -7.3% and -13.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest roundwood supplier worldwide, comprising 22% of global exports. The second position in the ranking was held by the United States ($X), with a 10% share of global exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in New Zealand totaled +14.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+0.7% per year) and Germany (+14.1% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2021, picking up by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per cubic meter), while Norway ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.7%), while the other global leaders experienced more modest paces of growth.

Roundwood Imports

Imports

Global roundwood imports dropped to X cubic meters in 2021, which is down by -9.9% on 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 17% against the previous year. As a result, imports reached the peak of X cubic meters. From 2017 to 2021, the growth of global imports failed to regain momentum.

In value terms, roundwood imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X cubic meters) represented the main importer of roundwood, comprising 31% of total imports. Austria (X cubic meters) took the second position in the ranking, followed by Sweden (X cubic meters), Finland (X cubic meters) and Germany (X cubic meters). All these countries together took near 25% share of total imports. Belgium (X cubic meters), Free Zones (X cubic meters), Japan (X cubic meters), India (X cubic meters), South Korea (X cubic meters), Italy (X cubic meters), the Netherlands (X cubic meters) and Canada (X cubic meters) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of roundwood. At the same time, Belgium (+14.6%), the Netherlands (+8.0%), Free Zones (+7.8%), Austria (+4.1%) and Finland (+2.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +14.6% from 2012-2021. Canada, Germany and Sweden experienced a relatively flat trend pattern. By contrast, Italy (-2.9%), India (-3.5%), Japan (-4.1%) and South Korea (-8.1%) illustrated a downward trend over the same period. Belgium (+3 p.p.), Austria (+2.4 p.p.) and Free Zones (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while China, India, Japan and South Korea saw its share reduced by -1.7%, -1.9%, -2.3% and -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roundwood worldwide, comprising 56% of global imports. The second position in the ranking was held by Austria ($X), with a 4.8% share of global imports. It was followed by Japan, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.2%. In the other countries, the average annual rates were as follows: Austria (+2.1% per year) and Japan (-1.7% per year).

Import Prices by Country

In 2021, the average roundwood import price amounted to $X per cubic meter, picking up by 48% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per cubic meter), while Finland ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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