Benelux: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Benelux

The Benelux industrial roundwood (non-coniferous) market dropped to $X in 2022, with a decrease of -6.7% against the previous year. Overall, consumption, however, enjoyed temperate growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Benelux

In value terms, industrial roundwood (non-coniferous) production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 16% against the previous year. Over the period under review, (non-coniferous) production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Benelux

In 2022, shipments abroad of industrial roundwood decreased by -37% to X cubic meters, falling for the second consecutive year after four years of growth. In general, exports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 when exports increased by 91%. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 128%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

Exports by Country

Belgium was the largest exporting country with an export of around X cubic meters, which recorded 70% of total exports. It was distantly followed by the Netherlands (X cubic meters), constituting a 27% share of total exports. Luxembourg (X cubic meters) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood (non-coniferous) exports from Belgium stood at +3.7%. At the same time, the Netherlands (+9.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +9.1% from 2012-2022. By contrast, Luxembourg (-1.4%) illustrated a downward trend over the same period. The Netherlands (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while Luxembourg and Belgium saw its share reduced by -2.6% and -6.5% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest industrial roundwood (non-coniferous) supplier in Benelux, comprising 81% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports.

In Belgium, industrial roundwood (non-coniferous) exports expanded at an average annual rate of +8.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+7.8% per year) and Luxembourg (-1.0% per year).

Export Prices by Country

The export price in Benelux stood at $X per cubic meter in 2022, almost unchanged from the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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) export price increased by +42.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, leveling off in the following year.

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 Belgium ($X per cubic meter), while the Netherlands ($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 (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Benelux

In 2022, overseas purchases of industrial roundwood decreased by -36% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced remarkably in the following year.

In value terms, industrial roundwood (non-coniferous) imports contracted notably to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, (non-coniferous) imports attained the maximum at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Belgium (X cubic meters) and the Netherlands (X cubic meters) prevails in imports structure, together committing 97% of total imports. Luxembourg (X cubic meters) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constitutes the largest market for imported industrial roundwood in Benelux, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+7.5% per year) and Luxembourg (+1.3% per year).

Import Prices by Country

The import price in Benelux stood at $X per cubic meter in 2022, jumping by 26% against the previous year. Overall, the import price, however, showed a deep downturn. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per cubic meter), while the Netherlands ($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 Luxembourg (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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