Product intelligence · HS 440111 · 2024 data

Wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous

Global exports of wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous totalled $178,825,688 in 2024, a -15.9% change from the previous year. Traded by 106 countries across 757 bilateral corridors, with demand from 120 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$178.8M

-15.9% YoY

3Y / 5Y CAGR

-2.1%

5Y: +2.5%

Supply structure

Diversified

HHI 0.055

Volatility

Low

Score 9/100

1.

Market movement

In 2024, wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous trade exhibited significant decline, with global flows reaching $178,825,688 and a three-year compound annual growth rate of -2.1% (five-year: +2.5%). The all-time peak of $218,413,726 was recorded in 2022; the current level is 18% below that high-water mark.

Over the 30-year observation window (19952024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.0% acceleration).

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.055). The three largest exporters — Latvia ($25.2M), Ukraine ($16.1M), and South Africa ($15.6M) — collectively dominate supply flows. The leading exporter has grown at +9.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.057). The three largest import markets are Sweden ($20.2M), Romania ($19.2M), and Austria ($14.0M). The largest importing market sources from 14 different supplying countries.

The dominant trade corridor is Ukraine → Romania at $14.3M, representing 74.7% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous is 9 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $218,413,726 in 2022. Currently 18% below peak.

YearGlobal trade (USD)YoY growth
2015$172,822,335-13.2%
2016$200,796,958+16.2%
2017$154,763,028-22.9%
2018$175,422,635+13.3%
2019$158,169,945-9.8%
2020$150,362,853-4.9%
2021$190,349,474+26.6%
2022$218,413,726+14.7%
2023$212,623,461-2.7%
2024$178,825,688-15.9%

Top exporting countries

Ranked by export value of wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous in 2024.

View all 106 exporters →

Top importing markets

Largest import destinations for wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous.

View all 120 markets →

Leading trade corridors

Largest bilateral export flows for wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, coniferous, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1UkraineRomania$14.3M+21.6%
2South AfricaEswatini$12.7M-6.9%
3LatviaSweden$11.6M+264.6%
4LatviaUnited Kingdom$5.4M-15.8%
5GermanyAustria$4.7M+16.0%
6CzechiaAustria$4.1M+15.7%
7IrelandUnited Kingdom$3.4M+35.7%
8HungaryRomania$3.2M+111.0%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.