Northern America’s Coniferous Wood Market To See Modest Growth With a +0.4% Volume CAGR Through 2035 – News and Statistics

Oct 19, 2025

IndexBox has just published a new report: Northern America – Coniferous Wood In The Rough – Market Analysis, Forecast, Size, Trends and Insights.

This market analysis provides a comprehensive overview of the coniferous wood in the rough sector in Northern America. In 2024, consumption reached 426M cubic meters valued at $17.5B, with the United States dominating at 72% of volume. Market performance is forecast to decelerate, projecting a volume of 443M cubic meters by 2035 with a CAGR of +0.4%, while value is expected to reach $19.5B with a CAGR of +1.0%. Production remained stable at 423M cubic meters. The trade landscape shows minimal imports (3.8M cubic meters, led by Canada) and dramatically declined exports (76K cubic meters, solely from Canada), reflecting significant shifts in international trade patterns over the past decade.

Key Findings

• Market volume forecast to grow slowly to 443M cubic meters by 2035 at a CAGR of +0.4%
• The United States dominates the market, accounting for 72% of total consumption and production volume
• Canada is the primary importer, constituting 98% of regional imports, while also being the sole exporter
• Export volume and value have seen a dramatic decline since 2013, falling from 52M cubic meters to just 76K cubic meters
• Import prices have halved since 2013, dropping from $74 to $38 per cubic meter

Market Forecast

Driven by increasing demand for coniferous wood in the rough in Northern America, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.4% for the period from 2024 to 2035, which is projected to bring the market volume to 443M cubic meters by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market value to $19.5B (in nominal wholesale prices) by the end of 2035.

Consumption

Northern America’s Consumption of Coniferous Wood In The Rough

In 2024, approx. 426M cubic meters of coniferous wood in the rough were consumed in Northern America; approximately mirroring the previous year’s figure. The total consumption volume increased at an average annual rate of +2.2% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The volume of consumption peaked at 426M cubic meters in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

The value of the market for coniferous wood in the rough in Northern America contracted to $17.5B in 2024, remaining relatively unchanged 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, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $18B in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

Consumption By Country

The United States (306M cubic meters) remains the largest coniferous wood in the rough consuming country in Northern America, comprising approx. 72% of total volume. Moreover, coniferous wood in the rough consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada (120M cubic meters), threefold.

From 2013 to 2024, the average annual growth rate of volume in the United States totaled +2.9%.

In value terms, the United States ($14.3B) led the market, alone. The second position in the ranking was held by Canada ($3.2B).

From 2013 to 2024, the average annual rate of growth in terms of value in the United States totaled +1.4%.

From 2013 to 2024, the average annual growth rate of the coniferous wood in the rough per capita consumption in Canada was relatively modest.

Production

Northern America’s Production of Coniferous Wood In The Rough

In 2024, coniferous wood in the rough production in Northern America amounted to 423M cubic meters, remaining stable against the previous year. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 3.6%. The volume of production peaked at 423M cubic meters in 2018; however, from 2019 to 2024, production remained at a lower figure.

In value terms, coniferous wood in the rough production contracted modestly to $16.8B in 2024 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. Over the period under review, coniferous wood in rough production hit record highs at $19.5B in 2013; however, from 2014 to 2024, production remained at a lower figure.

Production By Country

The United States (306M cubic meters) remains the largest coniferous wood in the rough producing country in Northern America, comprising approx. 72% of total volume. Moreover, coniferous wood in the rough production in the United States exceeded the figures recorded by the second-largest producer, Canada (116M cubic meters), threefold.

In the United States, coniferous wood in the rough production increased at an average annual rate of +1.5% over the period from 2013-2024.

Imports

Northern America’s Imports of Coniferous Wood In The Rough

In 2024, supplies from abroad of coniferous wood in the rough was finally on the rise to reach 3.8M cubic meters for the first time since 2016, thus ending a seven-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 38%. Over the period under review, coniferous wood in rough imports hit record highs at 5.1M cubic meters in 2016; however, from 2017 to 2024, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports stood at $144M in 2024. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 6.6% against the previous year. The level of import peaked at $264M in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

Imports By Country

Canada dominates imports structure, recording 3.7M cubic meters, which was near 98% of total imports in 2024. Bermuda (73K cubic meters) followed a long way behind the leaders.

From 2013 to 2024, average annual rates of growth with regard to coniferous wood in the rough imports into Canada stood at +2.7%. At the same time, Bermuda (+20.3%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of +20.3% from 2013-2024. From 2013 to 2024, the share of Canada and Bermuda increased by +21 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($141M) constitutes the largest market for imported coniferous wood in the rough in Northern America, comprising 98% of total imports. The second position in the ranking was held by Bermuda ($2.2M), with a 1.5% share of total imports.

From 2013 to 2024, the average annual growth rate of value in Canada stood at -3.2%.

Import Prices By Country

The import price in Northern America stood at $38 per cubic meter in 2024, flattening at the previous year. In general, the import price, however, continues to indicate a deep contraction. Over the period under review, import prices hit record highs at $74 per cubic meter in 2013; however, from 2014 to 2024, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Canada ($38 per cubic meter), while Bermuda stood at $30 per cubic meter.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Bermuda (-4.4%).

Exports

Northern America’s Exports of Coniferous Wood In The Rough

In 2024, after five years of growth, there was decline in overseas shipments of coniferous wood in the rough, when their volume decreased by -2.6% to 76K cubic meters. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2019 when exports increased by 5.6%. Over the period under review, the coniferous wood in rough exports reached the maximum at 52M cubic meters in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough exports expanded slightly to $949K in 2024. In general, exports showed a dramatic slump. The pace of growth was the most pronounced in 2016 when exports increased by 3.4%. The level of export peaked at $2.6B in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

Exports By Country

The shipments of the one major exporters of coniferous wood in the rough, namely Canada, represented more than two-thirds of total export.

Canada was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of -38.4% from 2013 to 2024. Canada (+69 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($949K) also remains the largest coniferous wood in the rough supplier in Northern America.

From 2013 to 2024, the average annual rate of growth in terms of value in Canada totaled -45.7%.

Export Prices By Country

The export price in Northern America stood at $12 per cubic meter in 2024, picking up by 4.5% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 29% against the previous year. As a result, the export price attained the peak level of $65 per cubic meter. From 2017 to 2024, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2013 to 2024, the rate of growth in terms of prices for Canada amounted to -11.8% per year.

Source: IndexBox Market Intelligence Platform