Globalisation Impacts on Timber Consumption in Slovakia

Research background: Globalisation is nowadays phenomenon which affects all economic sectors. The pros and cons of globalisation can also be observed in the case of forestry and forest-based complex in Slovakia. Timber trade and market follows the theory of derived demand, which means that demand for wood depends on the demand for final products. We can observe a significant impact of globalisation on changes in the use of wood from traditional to new ecological and sustainable use. Since 1993 the consumption of industrial roundwood in Slovakia has increased by almost 185%. Purpose of the article: The aim of this study is to examine the impact of globalisation on the consumption of coniferous and non-coniferous industrial roundwood in Slovakia, and to determine the relationship between the consumption of industrial roundwood and trends of globalisation trends in Slovakia. Methods: The development of KOF globalization index was analysed in the period 2003 to 2018. In addition, the development of the consumption of coniferous and non-coniferous industrial roundwood was examined. The correlation analysis and linear regression were used to analyse the relationship between the KOF globalisation index and development of consumption of coniferous and non-coniferous industrial roundwood in Slovakia. Findings & Value added: The results of correlation analysis show statistically significant relationship between globalisation and the development of consumption of industrial roundwood in Slovakia. We can conclude that the development of globalisation has more significant impact on consumption of non-coniferous industrial roundwood than on consumption of coniferous industrial roundwood.