May 24, 2025
IndexBox has just published a new report: United Kingdom – Industrial Roundwood – Market Analysis, Forecast, Size, Trends and Insights.
Driven by increasing demand for industrial roundwood, the UK market is expected to see continued growth with a forecasted CAGR of +6.0% in volume and +4.8% in value from 2024 to 2035. By the end of 2035, market volume is projected to reach 661K cubic meters and market value to hit $54M in nominal prices.
Market Forecast
Driven by increasing demand for industrial roundwood in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +6.0% for the period from 2024 to 2035, which is projected to bring the market volume to 661K cubic meters by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2024 to 2035, which is projected to bring the market value to $54M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Industrial Roundwood
After four years of decline, consumption of industrial roundwood increased by 191% to 347K cubic meters in 2024. In general, consumption enjoyed a tangible increase. Industrial roundwood consumption peaked at 1.1M cubic meters in 2019; however, from 2020 to 2024, consumption remained at a lower figure.
The size of the industrial roundwood market in the UK soared to $32M in 2024, increasing by 163% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Industrial roundwood consumption peaked at $76M in 2019; however, from 2020 to 2024, consumption remained at a lower figure.
Consumption By Type
Industrial roundwood (coniferous) (266K cubic meters) constituted the product with the largest volume of consumption, accounting for 77% of total volume. Moreover, industrial roundwood (coniferous) exceeded the figures recorded for the second-largest type, industrial roundwood (81K cubic meters), threefold.
From 2013 to 2024, the average annual rate of growth in terms of the volume of industrial roundwood (coniferous) consumption totaled +6.7%.
In value terms, industrial roundwood ($19M) and industrial roundwood (coniferous) ($14M) appeared to be the products with the highest levels of market value in 2024.
Industrial roundwood (coniferous), with a CAGR of +3.4%, recorded the highest rates of growth with regard to market size among the main consumed products over the period under review.
ProductionUnited Kingdom’s Production of Industrial Roundwood
In 2014, the amount of industrial roundwood produced in the UK declined markedly to 232K cubic meters, shrinking by -64% compared with 2013. Overall, production continues to indicate a significant curtailment. Industrial roundwood production peaked at 644K cubic meters in 2013, and then shrank markedly in the following year.
In value terms, industrial roundwood production declined rapidly to $11M in 2014 estimated in export price. Over the period under review, production showed a sharp reduction. Industrial roundwood production peaked at $29M in 2013, and then fell remarkably in the following year.
Production By Type
Industrial roundwood (coniferous) (232K cubic meters) constituted the product with the largest volume of production, accounting for 100% of total volume.
From 2013 to 2014, the average annual rate of growth in terms of the volume of industrial roundwood (coniferous) production stood at -64.0%.
In value terms, industrial roundwood (coniferous) ($11M) led the market, alone.
From 2013 to 2014, the average annual growth rate of the value of industrial roundwood (coniferous) production totaled -61.5%.
ImportsUnited Kingdom’s Imports of Industrial Roundwood
In 2024, after two years of decline, there was significant growth in purchases abroad of industrial roundwood, when their volume increased by 15% to 919K cubic meters. Over the period under review, imports posted temperate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum at 1.5M cubic meters in 2019; however, from 2020 to 2024, imports stood at a somewhat lower figure.
In value terms, industrial roundwood imports rose notably to $52M in 2024. In general, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports attained the peak of $128M. From 2022 to 2024, the growth of imports remained at a lower figure.
Imports By Country
In 2023, Ireland (729K cubic meters) was the main supplier of industrial roundwood to the UK, accounting for a 91% share of total imports. Moreover, industrial roundwood imports from Ireland exceeded the figures recorded by the second-largest supplier, Finland (34K cubic meters), more than tenfold. The third position in this ranking was taken by France (15K cubic meters), with a 1.9% share.
From 2013 to 2023, the average annual growth rate of volume from Ireland stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-5.8% per year) and France (-11.5% per year).
In value terms, Ireland ($24M) constituted the largest supplier of industrial roundwood to the UK, comprising 50% of total imports. The second position in the ranking was taken by Finland ($10M), with a 21% share of total imports. It was followed by France, with a 9.2% share.
From 2013 to 2023, the average annual growth rate of value from Ireland stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-0.5% per year) and France (-7.2% per year).
Imports By Type
In 2024, industrial roundwood (coniferous) (834K cubic meters) was the main type of industrial roundwood supplied to the UK, with a 91% share of total imports. Moreover, industrial roundwood (coniferous) exceeded the figures recorded for the second-largest type, industrial roundwood (85K cubic meters), tenfold.
From 2013 to 2024, the average annual rate of growth in terms of the volume of industrial roundwood (coniferous) imports totaled +2.8%.
In value terms, industrial roundwood (coniferous) ($34M) and industrial roundwood ($19M) constituted the most imported types of industrial roundwood in the UK.
Among the main product categories, industrial roundwood, with a CAGR of -1.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices By Type
In 2024, the average industrial roundwood import price amounted to $57 per cubic meter, which is down by -6% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the peak figure at $103 per cubic meter in 2013; however, from 2014 to 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was industrial roundwood ($219 per cubic meter), while the price for industrial roundwood (coniferous) amounted to $41 per cubic meter.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by industrial roundwood (non-coniferous) (-1.6%).
Import Prices By Country
In 2023, the average industrial roundwood import price amounted to $61 per cubic meter, standing approx. at the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 47%. The import price peaked at $103 per cubic meter in 2013; however, from 2014 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($962 per cubic meter), while the price for Ireland ($33 per cubic meter) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited Kingdom’s Exports of Industrial Roundwood
In 2024, shipments abroad of industrial roundwood decreased by -15.6% to 572K cubic meters for the first time since 2020, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. The exports peaked at 1.1M cubic meters in 2013; however, from 2014 to 2024, the exports failed to regain momentum.
In value terms, industrial roundwood exports fell to $30M in 2024. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. The exports peaked at $52M in 2013; however, from 2014 to 2024, the exports remained at a lower figure.
Exports By Country
Ireland (250K cubic meters), Sweden (146K cubic meters) and Germany (91K cubic meters) were the main destinations of industrial roundwood exports from the UK, with a combined 72% share of total exports. France and Belgium lagged somewhat behind, together comprising a further 16%.
From 2013 to 2023, the biggest increases were recorded for France (with a CAGR of +47.4%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for industrial roundwood exported from the UK were Ireland ($12M), Sweden ($7.2M) and Germany ($3.5M), with a combined 72% share of total exports. France and Belgium lagged somewhat behind, together accounting for a further 10%.
Among the main countries of destination, France, with a CAGR of +44.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Exports By Type
Industrial roundwood (coniferous) (568K cubic meters) was the largest type of industrial roundwood exported from the UK, with a 99% share of total exports. It was followed by industrial roundwood (3.9K cubic meters), with a 0.7% share of total exports.
From 2013 to 2024, the average annual growth rate of the volume of industrial roundwood (coniferous) exports totaled -6.0%.
In value terms, industrial roundwood (coniferous) ($27M) remains the largest type of industrial roundwood exported from the UK, comprising 90% of total exports. The second position in the ranking was taken by industrial roundwood ($2.9M), with a 9.9% share of total exports.
From 2013 to 2024, the average annual rate of growth in terms of the value of industrial roundwood (coniferous) exports amounted to -5.7%.
Export Prices By Type
The average industrial roundwood export price stood at $52 per cubic meter in 2024, increasing by 12% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $60 per cubic meter in 2016; however, from 2017 to 2024, the export prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was industrial roundwood ($750 per cubic meter), while the average price for exports of industrial roundwood (coniferous) totaled $47 per cubic meter.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: industrial roundwood (non-coniferous) (+1.6%).
Export Prices By Country
The average industrial roundwood export price stood at $46 per cubic meter in 2023, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $60 per cubic meter in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($49 per cubic meter), while the average price for exports to Belgium ($29 per cubic meter) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.