Eastern Europe: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Eastern Europe

In 2022, after three years of decline, there was growth in the East European industrial roundwood (non-coniferous) market, when its value increased by 1.4% to $X. Over the period under review, consumption recorded a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Roundwood (Non-Coniferous) Production in Eastern Europe

In value terms, industrial roundwood (non-coniferous) production rose to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of industrial roundwood, which increased by 5.4% to X cubic meters in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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. Based on 2022 figures, (non-coniferous) exports increased by +47.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32%. Over the period under review, the (non-coniferous) exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 increased by +34.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 36%. Over the period under review, the (non-coniferous) exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia was the largest exporter of industrial roundwood in Eastern Europe, with the volume of exports accounting for X cubic meters, which was approx. 64% of total exports in 2022. Latvia (X cubic meters) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (6.1%). The following exporters - Poland (X cubic meters), Hungary (X cubic meters), the Czech Republic (X cubic meters) and Slovakia (X cubic meters) - together made up 12% of total exports.

Russia was also the fastest-growing in terms of the industrial roundwood exports, with a CAGR of +11.5% from 2012 to 2022. At the same time, the Czech Republic (+6.4%), Poland (+2.9%), Latvia (+2.0%), Estonia (+1.4%) and Hungary (+1.2%) displayed positive paces of growth. By contrast, Slovakia (-1.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +31 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest industrial roundwood (non-coniferous) supplier in Eastern Europe, comprising 51% of total exports. The second position in the ranking was held by Latvia ($X), with an 18% share of total exports. It was followed by Estonia, with a 6.9% share.

In Russia, industrial roundwood (non-coniferous) exports expanded at an average annual rate of +8.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Latvia (+6.8% per year) and Estonia (+4.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per cubic meter, picking up by 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 20%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2013; however, from 2014 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 Slovakia ($X per cubic meter), while Russia ($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 Latvia (+4.6%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Eastern Europe

In 2022, industrial roundwood (non-coniferous) imports in Eastern Europe soared to X cubic meters, picking up by 41% on the previous year. Overall, imports, however, showed a mild decrease. Over the period under review, (non-coniferous) imports attained the peak figure at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports surged to $X in 2022. In general, imports enjoyed a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X cubic meters) and Poland (X cubic meters) were the largest importers of industrial roundwood in 2022, recording approx. 30% and 25% of total imports, respectively. Latvia (X cubic meters) took the next position in the ranking, followed by Estonia (X cubic meters), the Czech Republic (X cubic meters), Hungary (X cubic meters) and Belarus (X cubic meters). All these countries together held approx. 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (non-coniferous) importing markets in Eastern Europe were Poland ($X), Slovakia ($X) and the Czech Republic ($X), together comprising 65% of total imports. Estonia, Latvia, Hungary and Belarus lagged somewhat behind, together comprising a further 26%.

Belarus, with a CAGR of +22.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per cubic meter in 2022, rising by 19% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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) import price increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 47%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per cubic meter), while Belarus ($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 Poland (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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