Roundwood Market Analysis
The Roundwood Market size is estimated at USD 450.10 billion in 2025, and is expected to reach USD 544.80 billion by 2030, at a CAGR of 3.9% during the forecast period (2025-2030).
Wood production (removals) involves harvesting round wood (trunk and branch wood) from coniferous (softwood) and non-coniferous (hardwood) trees. The global roundwood market is experiencing growth primarily due to increased demand from housing and infrastructure construction companies. Brazil, Canada, China, the European Union, India, Indonesia, Russia, and the United States account for more than 60% of global roundwood production. The construction sector represents the largest demand segment for roundwood, followed by the furniture industry. In the Philippines, according to the Forest Management Bureau, roundwood product volume reached approximately 1.98 million cubic meters in 2023, including saw logs, veneer logs, pulpwood logs, and firewood. While the furniture industry currently consumes less roundwood compared to construction, its demand is projected to increase due to growing furniture exports.
The European Union represents 3.9% of the global forest area but generates 43% of global forest product exports by value (USD 127 billion in 2023), according to the Food and Agriculture Organization. In contrast, Africa, with 16% of the world's forest area, contributes less than 2% to global forest product export value. This disparity stems from Africa's primary use of harvested wood, with 90% utilized as fuel for heating and cooking, while exports mainly consist of unprocessed roundwood. Consequently, Africa captures less than 10% of its timber value and creates fewer than 10% of potential industry jobs compared to if it produced more finished and semi-finished products. The FAO reports that over two billion people globally depend on wood-based fuels for domestic energy needs, including heating, cooking, and electricity generation. This high demand for energy wood, particularly in developing countries, is anticipated to drive the roundwood market growth during the forecast period.
The demand for packaging papers, sawnwood, and plywood continues to grow. However, the production of traditional wood products like newsprint, printing, and writing papers is declining due to the increasing adoption of digital communication, which reduces industrial roundwood demand for these applications.
Roundwood Market Trends
Rising Demand from Housing and Infrastructure Company
Global real estate investment growth has increased commercial complexes, residential buildings, and office spaces, driving demand for wooden furniture products. Rising disposable income, improved living standards, and growth in core households support the wooden furniture industry demand. The United States Department of Agriculture projects world roundwood production to increase by 4-8 percent between 2023 and 2030. The projected increase in roundwood volume by 2050 ranges between 240 million cubic meters and 1,200 million cubic meters, depending on the scenario. The demand for timber/cross-laminated timber (CLT) in construction is anticipated to increase roundwood consumption by up to 272 million cubic meters per year by 2050 compared to 2023, representing a total increase of 49 percent in global roundwood consumption over the period. The growing demand for efficient and comfortable working environments in modern office interiors is also expanding the wooden furniture market.
According to the Food and Agriculture Organization, in 2023, Brazil, Canada, China, the European Union, India, Indonesia, Russia, and the United States account for over 60% of global roundwood production. In Brazil, plantations contribute 85-90% of roundwood production, while natural forests provide the remainder. In the United States, plantations in the southeastern states generate 32-35% of national production. India's roundwood production primarily comes from private plantations, farm forestry plantations, and trees outside forests.
The global demand for roundwood has increased steadily across multiple countries. This growth has driven higher import volumes in various regions worldwide. Additionally, the rising consumer preference for compact and portable furniture that maximizes space utilization has strengthened the wooden furniture industry's demand. Companies in the industry are enhancing their product portfolios and upgrading their offerings to gain competitive advantages and expand their market presence.
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Asia-Pacific Dominates the Market
According to the Food and Agriculture Organization, roundwood production in the Asia-Pacific region reached 1,131.6 million cubic meters in 2023, representing 24.7% of global production. Industrial roundwood production was 441.3 million cubic meters, accounting for 16% of the world's total. In the region, coniferous industrial roundwood production was 75.3 million cubic meters, while non-coniferous production was 365.9 million cubic meters. Plantation forests now supply most of the officially recorded industrial wood in the region. However, significant volumes of wood harvested through illegal or unreported means are not captured in official statistics.
India imports round wood to meet the growing furniture demand. According to the Food and Agriculture Organization, in 2023, India imported 4,219,084 cubic meters of round wood valued at USD 918,695 thousand. The primary wood species imported are teak, gurjan, meranti, and beech, sourced mainly from Myanmar, Malaysia, Indonesia, Nigeria, Ghana, Togo, Gabon, Brazil, Panama, and New Zealand. The global wood fiber shortage due to deforestation, coupled with increasing urbanization, is expected to impact the round wood market during the forecast period. In the Asia Pacific region, factors such as rising disposable income, urbanization, and improved living standards drive market growth. The expansion of the tourism and hospitality industries, combined with the cultural preference for traditional wooden furniture, continues to boost wooden furniture demand in the region.
The Indian government's initiatives, including the Smart Cities Mission, Pradhan Mantri Awaas Yojana (PMAY), and Sardar Patel National Urban Housing Mission, promote urbanization and increase the demand for wood products and furnishings. Furthermore, the growing demand for office spaces in Gurugram, Bengaluru, and Hyderabad contributes to the expansion of the global roundwood market during the forecast period.
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Roundwood Market News
- December 2024: The European Union implemented the EU Deforestation Regulation (EUDR) to monitor wood product imports, which affects the region's trade of softwood and hardwood lumber and panels with international suppliers. The regulation covers imports of wood and wood products, cattle, cocoa, coffee, palm oil, rubber, and soy into the European Union.
- February 2024: Japanese researchers have developed a unique spacecraft - a satellite constructed from timber. The LignoSat probe uses magnolia wood, which demonstrated high stability and crack resistance during tests conducted on the International Space Station (ISS).
Roundwood Industry Segmentation
Roundwood is wood in its natural state as felled, with or without bark. It may be round, split, roughly squared, or in other forms used for industrial purposes and also used in farms for fencing. The roundwood market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa). The report covers the extensive study of Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price trends Analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above.
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Roundwood Market Research FAQs
How big is the Roundwood Market?
The Roundwood Market size is expected to reach USD 450.10 billion in 2025 and grow at a CAGR of 3.9% to reach USD 544.80 billion by 2030.
What is the current Roundwood Market size?
In 2025, the Roundwood Market size is expected to reach USD 450.10 billion.
Which is the fastest growing region in Roundwood Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Roundwood Market?
In 2025, the Asia Pacific accounts for the largest market share in Roundwood Market.
What years does this Roundwood Market cover, and what was the market size in 2024?
In 2024, the Roundwood Market size was estimated at USD 432.55 billion. The report covers the Roundwood Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Roundwood Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
