Luxembourg: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Luxembourg

In 2022, the Luxembourg industrial roundwood (non-coniferous) market increased by 7.4% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Luxembourg

In value terms, industrial roundwood (non-coniferous) production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, (non-coniferous) production growth remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Luxembourg

In 2022, shipments abroad of industrial roundwood increased by 19% to X cubic meters, rising for the third year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2016 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports dropped to $X in 2022. Overall, exports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. Over the period under review, the (non-coniferous) exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X cubic meters), Germany (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Luxembourg, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +38.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for industrial roundwood (non-coniferous) exported from Luxembourg worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +44.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, which is down by -23.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Belgium ($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 the Netherlands (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Luxembourg

In 2022, overseas purchases of industrial roundwood increased by 23% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 63%. As a result, imports attained the peak of X cubic meters. From 2018 to 2022, the growth of (non-coniferous) imports remained at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports stood at $X in 2022. In general, imports recorded modest growth. The most prominent rate of growth was recorded in 2017 when imports increased by 102% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of (non-coniferous) imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X cubic meters) was the main industrial roundwood (non-coniferous) supplier to Luxembourg, with a 90% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.9% per year) and Germany (-1.6% per year).

In value terms, France ($X) constituted the largest supplier of industrial roundwood to Luxembourg, comprising 87% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.8% per year) and Germany (-6.9% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, waning by -17.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $X per cubic meter in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for France ($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 Lithuania (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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