Updated Jan 10, 2023 17:53

Global Market for Coniferous Wood In The Rough

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The global market for coniferous wood in the rough reached $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. Over the period under review, the global market attained the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.

In value terms, coniferous wood in the rough production reached $ in estimated in export price. In general, production, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Over the period under review, global coniferous wood in rough production hit record highs at $ in ; however, from to , production remained at a lower figure.

The countries with the highest volumes of production in were the United States ( cubic meters), Russia ( cubic meters) and Canada ( cubic meters), together accounting for % of global production. Sweden, New Zealand, Germany, Finland, Brazil, Poland, Chile, China, the Czech Republic and Japan lagged somewhat behind, together comprising a further %.

From 2007 to , the most notable rate of growth in terms of production, amongst the key producing countries, was attained by New Zealand (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
Global coniferous wood in the rough consumption shrank slightly to cubic meters in , remaining constant against . Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, global coniferous wood in rough consumption hit record highs at cubic meters in 2018; afterwards, it flattened through to .

The size of the market for coniferous wood in the rough worldwide stood at $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. Global consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were the United States ( cubic meters), Russia ( cubic meters) and Canada ( cubic meters), with a combined % share of global consumption.

From 2007 to , the biggest increases were recorded for Russia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($) led the market, alone. The second position in the ranking was held by Russia ($). It was followed by Finland.

In the United States, the coniferous wood in the rough market expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (+% per year) and Finland (+% per year).

The countries with the highest levels of coniferous wood in the rough per capita consumption in were Finland ( cubic meters per person), Sweden ( cubic meters per person) and Austria ( cubic meters per person).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Russia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for coniferous wood in the rough worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .