Non coniferous roundwood market in Northern Europe

Earlier Report Observations

The market volume for non-coniferous roundwood in Northern Europe declined from 45.7 million cubic meters in 2018 to 41.5 million cubic meters in 2023, an overall reduction of approximately 9%. This downward trend was interrupted by a slight rebound in 2020 and 2021, but volumes fell again in the following two years.

In value terms, the market showed significant fluctuation, dropping sharply from 5.9 billion US dollars in 2018 to 4.3 billion in 2019. It then recovered steadily, reaching 5.5 billion by 2023. The sharper decline in value compared to volume in 2019 indicates a notable shift in pricing or product composition during that period.

Production non coniferous roundwood in Northern Europe

In kind, 2017-2020, K m³

Top producers of non coniferous roundwood, 2017-2020

World map of production of non coniferous roundwood, 2017-2020

After two consecutive years of growth, Northern Europe's non-coniferous roundwood production volume declined. In 2019, production reached its peak at 40 450 K m³. However, in 2020, it fell to 38 073 K m³, marking a 5.9% decrease compared to the previous year. The most significant increase occurred in 2018, with a rise of 5.7%.

Annual dynamics of production in Northern Europe in kind, 2017-2020, K m³

Exports non coniferous roundwood from Northern Europe

Exports in kind, K m³

Following two years of expansion, Northern Europe's non-coniferous roundwood export volume experienced a decline. In 2019, exports peaked at 3 415 K m³. By 2020, they dropped sharply to 2 047 K m³, representing a 40.0% fall from 2019. Over the period from 2017 to 2020, exports decreased by 12.3%, averaging an annualized decline of 4.3%. The largest increase was recorded in 2018, at 40.6%.

Annual dynamics of product's exports from Northern Europe in kind, 2017-2020, K m³

From 2017 to 2020, the export partner landscape for non-coniferous roundwood was diverse. China accounted for 11.0% of exports in kind, Poland for 6.9%, and Germany for 1.9%. Together, these three countries made up only 19.8% of total export flows, while the remaining 80.2% was distributed among numerous other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Northern Europe in kind, 2017-2020

Exports in value, M $ US

Market performance showed noticeable fluctuations during this period. The lowest export value was recorded in 2017, while the highest occurred in 2018, with a two-fold difference between these years. In 2020, non-coniferous roundwood exports from Northern Europe amounted to 248.9 million US dollars, reflecting a sudden decrease of 28.8% compared to the previous year. The peak value was in 2018 at 467.1 million US dollars, with the largest increase that year reaching 100.3%.

Annual dynamics of product's exports from Northern Europe in value, 2017-2020, M $ US

Between 2017 and 2020, China, Poland, and Vietnam were the largest buyers of non-coniferous roundwood from Northern Europe in value terms, but they did not dominate the market. China accounted for 20.6% of exports in value, Poland for 8.3%, and Vietnam for 1.7%. Together, these three countries represented 30.6% of total export value, with the rest spread across a wide range of smaller partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Northern Europe in value, 2017-2020

Imports non coniferous roundwood to Northern Europe

Imports in kind, K m³

Northern Europe's imports of non-coniferous roundwood increased in 2020, reaching a total volume that represented a 19.3% advance compared to the previous year. Over the period from 2017 to 2020, imports grew by 37.5%, averaging an annualized increase of 11.2%. The highest import volume was recorded in 2018 at 8 710 K m³. The largest decline occurred in 2019, with a drop of 24.9%, while the largest increase was in 2018, at 53.6%.

Annual dynamics of product's imports to Northern Europe in kind, 2017-2020, K m³

From 2017 to 2020, Russia, Germany, and Norway were the principal sources for imports in kind of non-coniferous roundwood to Northern Europe. Russia accounted for 50.9% of imports in kind, Germany for 2.6%, and Norway for 2.0%. Collectively, these three countries represented 55.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Northern Europe in kind, 2017-2020

Imports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. The lowest import value was in 2017, with a peak in 2018, showing a 1.7-fold swing between these years. In 2020, Northern Europe's non-coniferous roundwood imports totaled 500.9 million US dollars, equivalent to a modest drop of 6.4% versus the previous year. The maximum value was recorded in 2018 at 630.0 million US dollars. The largest decline occurred in 2019, at 15.0%, while the largest increase was in 2018, at 72.1%.

Annual dynamics of product's imports to Northern Europe in value, 2017-2020, M $ US

In the period from 2017 to 2020, three main markets—Russia, Germany, and Poland—together absorbed 51.9% of the total import value of non-coniferous roundwood to Northern Europe.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Northern Europe in value, 2017-2020