Latin America and the Caribbean: Market for Coniferous Wood In The Rough 2023

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

The Latin American market for coniferous wood in the rough contracted slightly to $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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 2021 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports in Latin America and the Caribbean

For the fifth year in a row, LatAmerica and the Caribbean recorded decline in overseas shipments of coniferous wood in the rough, which decreased by -1.3% to X cubic meters in 2021. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 53%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports fell to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 36% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay was the main exporting country with an export of about X cubic meters, which finished at 65% of total exports. It was distantly followed by Chile (X cubic meters), comprising a 20% share of total exports. Costa Rica (X cubic meters), Colombia (X cubic meters), Mexico (X cubic meters), Argentina (X cubic meters) and Brazil (X cubic meters) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough exports from Uruguay stood at +17.0%. At the same time, Colombia (+54.9%), Argentina (+52.2%) and Mexico (+20.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +54.9% from 2012-2021. By contrast, Chile (-5.0%), Brazil (-18.6%) and Costa Rica (-27.7%) illustrated a downward trend over the same period. Uruguay (+52 p.p.), Colombia (+3 p.p.), Mexico (+1.9 p.p.) and Argentina (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Chile, Brazil and Costa Rica saw its share reduced by -6.3%, -6.5% and -46.9% from 2012 to 2021, respectively.

In value terms, the largest coniferous wood in the rough supplying countries in Latin America and the Caribbean were Uruguay ($X), Chile ($X) and Colombia ($X), with a combined 79% share of total exports. These countries were followed by Argentina, Mexico, Costa Rica and Brazil, which together accounted for a further 17%.

Argentina, with a CAGR of +51.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per cubic meter in 2021, approximately reflecting the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 10% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Chile (+9.3%), while the other leaders experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in supplies from abroad of coniferous wood in the rough, when their volume increased by 33% to X cubic meters. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 61%. As a result, imports attained the peak of X cubic meters. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, coniferous wood in the rough imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 43% against the previous year. Over the period under review, coniferous wood in rough imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the key importer of coniferous wood in the rough in Latin America and the Caribbean, with the volume of imports amounting to X cubic meters, which was approx. 43% of total imports in 2021. Turks and Caicos Islands (X cubic meters) held the second position in the ranking, followed by Panama (X cubic meters), the Dominican Republic (X cubic meters) and Cayman Islands (X cubic meters). All these countries together took approx. 32% share of total imports. Haiti (X cubic meters), Venezuela (X cubic meters), Chile (X cubic meters), Curacao (X cubic meters) and Saint Lucia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough imports into Mexico stood at -10.3%. At the same time, Curacao (+32.4%), Panama (+29.3%), Turks and Caicos Islands (+18.7%), Cayman Islands (+17.5%), Saint Lucia (+14.7%), Venezuela (+6.9%) and Chile (+2.8%) displayed positive paces of growth. Moreover, Curacao emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +32.4% from 2012-2021. By contrast, Haiti (-10.2%) and the Dominican Republic (-21.5%) illustrated a downward trend over the same period. While the share of Panama (+9 p.p.), Turks and Caicos Islands (+8.8 p.p.), Cayman Islands (+5.9 p.p.), Venezuela (+3.2 p.p.), Curacao (+2 p.p.), Chile (+1.8 p.p.) and Saint Lucia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-3.1 p.p.) and the Dominican Republic (-16.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported coniferous wood in the rough in Latin America and the Caribbean, comprising 29% of total imports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with an 8% share of total imports. It was followed by Venezuela, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to -18.0%. The remaining importing countries recorded the following average annual rates of imports growth: Turks and Caicos Islands (+14.7% per year) and Venezuela (+13.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2021, falling by -9.8% against the previous year. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 29%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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