Market research

Wood in the rough market in Montenegro, 2026

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for wood in the rough in Montenegro showed initial volatility, declining in 2019 before recovering to 724.9 thousand tons in 2020. This rebound coincided with the COVID-19 pandemic, which increased global demand for construction materials, including timber, stimulating regional market activity.

A sharp contraction followed in 2021, with the market falling to 569.1 thousand tons. Subsequently, production and market size recovered steadily through 2022 and 2023, reaching 671.3 thousand tons. This growth period was influenced by regional supply-side factors, including reported timber shortages and production declines in neighboring markets, which supported demand for Montenegrin output.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Montenegro
  1. 5.1.1. Annual dynamics of production in Montenegro in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Montenegro in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wood in the rough in Montenegro

In kind, 2017-2020, K t

Top producers of wood in the rough, 2017-2020

Source: SHEV.io

World map of production of wood in the rough, 2017-2020

Source: SHEV.io

In 2020, Montenegro produced 723.2 thousand tons of wood in the rough, representing a modest increase of 1.8% compared to 2019. Over the period from 2017 to 2020, production grew by 2.8%, with an average annual growth rate of 0.9%. The highest production level was recorded in 2018 at 746.6 thousand tons, which marked a significant increase of 6.1% from the previous year. In contrast, 2019 saw the largest decline, with production falling by 4.9%.

Annual dynamics of production in Montenegro in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.1%	(4.9%)	1.8%	0.9%

Source: SHEV.io

Exports wood in the rough from Montenegro

Exports in kind, t

In 2020, Montenegro exported 523 tons of wood in the rough, showing a sharp decline of 13.4% year-over-year. From 2017 to 2020, exports decreased by 38.7%, with an average annual decline of 15.1%. The lowest export volume was recorded in 2018 at 476 tons, which represented a substantial drop of 44.2% from the previous year. However, exports rebounded in 2019 with the largest increase of 26.9%.

Annual dynamics of product's exports from Montenegro in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(44.2%)	26.9%	(13.4%)	(15.1%)

Source: SHEV.io

Between 2017 and 2020, Serbia and Egypt were the dominant destinations for Montenegro's wood in the rough exports. Serbia accounted for 65.2% of total export flows, while Egypt contributed 19.7%, together making up 85.0% of all exports in kind. The remaining volume was distributed among other trading partners.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of wood in the rough exports from Montenegro reached 105 thousand US dollars, indicating a strong contraction of 10.5% compared to the previous year. From 2017 to 2020, export values decreased by 18.9%, with an average annual decline of 6.7%. The largest decline occurred in 2018, with a drop of 17.8%, while 2019 saw the largest increase of 10.2%.

Annual dynamics of product's exports from Montenegro in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.8%)	10.2%	(10.5%)	(6.7%)

Source: SHEV.io

During the period from 2017 to 2020, Serbia remained the primary market for Montenegro's wood in the rough exports in value terms, holding a share of 73.3% of total flows. The rest of the export value was spread across various other destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood in the rough to Montenegro

Imports in kind, t

Montenegro's imports of wood in the rough increased for the third consecutive year. In 2020, imports totaled 2 296 tons, reflecting a significant uptick of 13.9% over the past year. From 2017 to 2020, imports surged by 103.5%, with an average annual growth rate of 26.7%.

Annual dynamics of product's imports to Montenegro in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	26.6%	41.2%	13.9%	26.7%

Source: SHEV.io

Over the years 2017 to 2020, Slovenia and Bosnia and Herzegovina were the main sources for Montenegro's wood in the rough imports in kind, jointly accounting for 80.0% of total import flows. The remaining share was divided among other markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Montenegro's imports of wood in the rough in value terms increased for the third year in a row. In 2020, imports amounted to 1 327 thousand US dollars, marking a rise of 19.9% year-over-year. Between 2017 and 2020, import values grew by 140.7%, with an average annual increase of 34.0%.

Annual dynamics of product's imports to Montenegro in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	55.2%	29.4%	19.9%	34.0%

Source: SHEV.io

From 2017 to 2020, Slovenia, Bosnia and Herzegovina, and Serbia were the principal suppliers of wood in the rough to Montenegro in value terms. Slovenia accounted for 48.8% of imports, Bosnia and Herzegovina for 30.9%, and Serbia for 19.9%, together making up 99.6% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io