Australia and Oceania: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Australia and Oceania

The industrial roundwood (non-coniferous) market in Australia and Oceania fell to $X in 2022, which is down by -3.3% against the previous year. Overall, consumption, however, showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Australia and Oceania

In value terms, industrial roundwood (non-coniferous) production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 45%. As a result, production reached the peak level of $X. From 2015 to 2022, (non-coniferous) production growth failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Australia and Oceania

In 2022, shipments abroad of industrial roundwood was finally on the rise to reach X cubic meters after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) exports decreased by -23.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 36% against the previous year. Over the period under review, the (non-coniferous) exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports amounted to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

Exports by Country

In 2022, Papua New Guinea (X cubic meters) was the key exporter of industrial roundwood, comprising 58% of total exports. It was distantly followed by Solomon Islands (X cubic meters) and Australia (X cubic meters), together achieving a 40% share of total exports. New Zealand (X cubic meters) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Solomon Islands ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 98% share of total exports. New Zealand lagged somewhat behind, comprising a further 1.9%.

New Zealand, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, growing by 2.7% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The growth pace was the most rapid in 2021 an increase of 22%. The level of export peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Solomon Islands ($X per cubic meter), while Australia ($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 Solomon Islands (+3.9%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Australia and Oceania

In 2022, overseas purchases of industrial roundwood increased by 48% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 80%. Over the period under review, (non-coniferous) imports hit record highs at X cubic meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X cubic meters) and Fiji (X cubic meters) represented the key importers of industrial roundwood in 2022, accounting for near 42% and 28% of total imports, respectively. It was distantly followed by Marshall Islands (X cubic meters) and New Zealand (X cubic meters), together mixing up a 16% share of total imports. The following importers - Kiribati (X cubic meters), Nauru (X cubic meters) and Papua New Guinea (X cubic meters) - together made up 9.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kiribati (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (non-coniferous) importing markets in Australia and Oceania were Australia ($X), Fiji ($X) and Marshall Islands ($X), with a combined 81% share of total imports. Kiribati, New Zealand, Nauru and Papua New Guinea lagged somewhat behind, together comprising a further 14%.

In terms of the main importing countries, Kiribati, with a CAGR of +33.0%, recorded the highest growth rate of 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 import price in Australia and Oceania amounted to $X per cubic meter, with an increase of 18% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2019 when the import price increased by 85% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kiribati ($X per cubic meter), while Marshall Islands ($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 Kiribati (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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