Latin America and the Caribbean: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Latin America and the Caribbean

The Latin American market for coniferous wood in the rough fell to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Coniferous Wood In The Rough in Latin America and the Caribbean

In value terms, coniferous wood in the rough production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports in Latin America and the Caribbean

In 2022, approx. X cubic meters of coniferous wood in the rough were exported in Latin America and the Caribbean; flattening at the previous year's figure. In general, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by 97%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports declined slightly to $X in 2022. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 71%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay dominates exports structure, amounting to X cubic meters, which was approx. 88% of total exports in 2022. It was distantly followed by Costa Rica (X cubic meters), constituting a 4.7% share of total exports. The following exporters - Colombia (X cubic meters) and Argentina (X cubic meters) - together made up 5.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to coniferous wood in the rough exports from Uruguay stood at +15.2%. At the same time, Colombia (+47.0%) and Argentina (+44.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +47.0% from 2012-2022. By contrast, Costa Rica (-24.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay, Colombia and Argentina increased by +75, +3.7 and +2 percentage points, respectively.

In value terms, Uruguay ($X) remains the largest coniferous wood in the rough supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was held by Colombia ($X), with a 12% share of total exports. It was followed by Argentina, with a 9.2% share.

In Uruguay, coniferous wood in the rough exports increased at an average annual rate of +11.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+42.3% per year) and Argentina (+44.0% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per cubic meter, flattening at the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the export price increased by 15%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per cubic meter), while Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in Latin America and the Caribbean

Coniferous wood in the rough imports expanded markedly to X cubic meters in 2022, with an increase of 12% against the year before. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 64% against the previous year. As a result, imports attained the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous wood in the rough imports rose significantly to $X in 2022. Over the period under review, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 50%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turks and Caicos Islands (X cubic meters), Panama (X cubic meters), the Dominican Republic (X cubic meters), Cayman Islands (X cubic meters), Mexico (X cubic meters), Venezuela (X cubic meters) and Haiti (X cubic meters) represented the main importer of coniferous wood in the rough in Latin America and the Caribbean, generating 82% of total import.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous wood in the rough importing markets in Latin America and the Caribbean were Turks and Caicos Islands ($X), Venezuela ($X) and the Dominican Republic ($X), with a combined 33% share of total imports. Mexico, Cayman Islands, Panama and Haiti lagged somewhat behind, together comprising a further 27%.

Cayman Islands, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per cubic meter, dropping by -1.9% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($X per cubic meter), while Haiti ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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