Chile: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Chile

The Chilean industrial roundwood (coniferous) market shrank to $X in 2022, with a decrease of -9.9% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Coniferous) Production in Chile

In value terms, industrial roundwood (coniferous) production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Industrial Roundwood (Coniferous) Exports

Exports from Chile

In 2022, the amount of industrial roundwood (coniferous) exported from Chile dropped notably to X cubic meters, with a decrease of -62.6% against 2021. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 202%. Over the period under review, the exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 185% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Chile, accounting for a 45% share of total exports. Moreover, industrial roundwood (coniferous) exports to China exceeded the volume sent to the second major destination, Peru (X cubic meters), twofold. The third position in this ranking was held by Japan (X cubic meters), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+77.5% per year) and Japan (-2.3% per year).

In value terms, China ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Chile, comprising 44% of total exports. The second position in the ranking was held by Peru ($X), with a 21% share of total exports. It was followed by Japan, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+87.1% per year) and Japan (+2.6% per year).

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, increasing by 26% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) export price increased by +68.7% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 41%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per cubic meter) and the UK ($X per cubic meter), while the average price for exports to China ($X per cubic meter) and Japan ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Chile

In 2022, supplies from abroad of industrial roundwood (coniferous) decreased by -5.4% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 267% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) imports expanded rapidly to $X in 2022. In general, imports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 286%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest industrial roundwood (coniferous) supplier to Chile, accounting for a 86% share of total imports. Moreover, industrial roundwood (coniferous) imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -1.2%.

In value terms, the United States ($X) constituted the largest supplier of industrial roundwood (coniferous) to Chile, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.5%.

Import Prices by Country

The average industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, rising by 13% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%).

Source: IndexBox Platform

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