Benelux: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Benelux

After four years of decline, the Benelux industrial roundwood (coniferous) market increased by 123% to $X in 2022. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Coniferous) Production in Benelux

In value terms, industrial roundwood (coniferous) production declined remarkably to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 145% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then declined significantly in the following year.

Industrial Roundwood (Coniferous) Exports

Exports in Benelux

In 2022, overseas shipments of industrial roundwood (coniferous) decreased by -50.2% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 208% against the previous year. The volume of export peaked at X cubic meters in 2021, and then shrank notably in the following year.

In value terms, industrial roundwood (coniferous) exports dropped sharply to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 259% against the previous year. The level of export peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

In 2022, the Netherlands (X cubic meters) was the major exporter of industrial roundwood (coniferous), creating 71% of total exports. It was distantly followed by Belgium (X cubic meters) and Luxembourg (X cubic meters), together mixing up a 29% share of total exports.

The Netherlands was also the fastest-growing in terms of the industrial roundwood (coniferous) exports, with a CAGR of +20.9% from 2012 to 2022. At the same time, Luxembourg (+4.1%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (+41 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (-10.4 p.p.) and Belgium (-30.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) emerged as the largest industrial roundwood (coniferous) supplier in Benelux, comprising 65% of total exports. The second position in the ranking was held by Belgium ($X), with a 27% share of total exports.

In the Netherlands, industrial roundwood (coniferous) exports expanded at an average annual rate of +17.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+4.5% per year) and Luxembourg (+2.4% per year).

Export Prices by Country

The export price in Benelux stood at $X per cubic meter in 2022, falling by -20.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. The level of export peaked at $X per cubic meter in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while Luxembourg ($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 Belgium (+4.1%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Coniferous) Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in purchases abroad of industrial roundwood (coniferous), when their volume decreased by -24% to X cubic meters. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 66%. Over the period under review, imports reached the maximum at X cubic meters in 2021, and then declined sharply in the following year.

In value terms, industrial roundwood (coniferous) imports contracted dramatically to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 2020 when imports increased by 36%. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Belgium was the key importer of industrial roundwood (coniferous) in Benelux, with the volume of imports amounting to X cubic meters, which was near 69% of total imports in 2022. It was distantly followed by Luxembourg (X cubic meters), committing a 28% share of total imports. The Netherlands (X cubic meters) held a little share of total imports.

Belgium was also the fastest-growing in terms of the industrial roundwood (coniferous) imports, with a CAGR of +10.2% from 2012 to 2022. At the same time, Luxembourg (+9.4%) displayed positive paces of growth. By contrast, the Netherlands (-10.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Luxembourg increased by +14 and +3.8 percentage points, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported industrial roundwood (coniferous) in Benelux, comprising 69% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 23% share of total imports.

In Belgium, industrial roundwood (coniferous) imports increased at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Luxembourg (+5.6% per year) and the Netherlands (-5.7% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per cubic meter, reducing by -2.3% against the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 19% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while Luxembourg ($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 the Netherlands (+5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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