Italy: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Italy

In 2022, the Italian industrial roundwood (coniferous) market decreased by -8.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Industrial Roundwood (Coniferous) Production in Italy

In value terms, industrial roundwood (coniferous) production dropped to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The growth pace was the most rapid in 2019 when the production volume increased by 104% against the previous year. Industrial roundwood (coniferous) production peaked at $X in 2021, and then shrank in the following year.

Industrial Roundwood (Coniferous) Exports

Exports from Italy

In 2022, shipments abroad of industrial roundwood (coniferous) was finally on the rise to reach X cubic meters after two years of decline. Overall, exports recorded moderate growth. The growth pace was the most rapid in 2019 with an increase of 283%. As a result, the exports attained the peak of X cubic meters. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial roundwood (coniferous) exports surged to $X in 2022. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 236%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Italy, accounting for a 68% share of total exports. Moreover, industrial roundwood (coniferous) exports to Austria exceeded the volume sent to the second major destination, Slovenia (X cubic meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+45.6% per year) and China (+59.5% per year).

In value terms, Austria ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Italy, comprising 68% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+50.8% per year) and China (+31.5% per year).

Export Prices by Country

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, with an increase of 9.7% against the previous year. Overall, the export price showed resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood (Coniferous) Imports

Imports into Italy

Industrial roundwood (coniferous) imports into Italy dropped to X cubic meters in 2022, with a decrease of -11.9% on 2021 figures. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (coniferous) imports shrank to $X in 2022. In general, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Switzerland (X cubic meters), Austria (X cubic meters) and Slovenia (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Italy, together comprising 74% of total imports. France, Poland, Germany and Croatia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +79.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (coniferous) suppliers to Italy were Switzerland ($X), Austria ($X) and Slovenia ($X), together comprising 64% of total imports. Poland, France, Germany and Croatia lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Croatia, with a CAGR of +65.2%, 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 average industrial roundwood (coniferous) import price amounted to $X per cubic meter, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Croatia ($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 France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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