Latin America and the Caribbean: Densified Wood Market 2024

Densified Wood Market Size in Latin America and the Caribbean

The Latin American densified wood market reached $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a slight contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Densified Wood Production in Latin America and the Caribbean

In value terms, densified wood production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a mild contraction. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Densified Wood Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of densified wood decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, densified wood exports stood at $X in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Ecuador (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to densified wood exports from Brazil stood at X%. At the same time, Ecuador (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil (X p.p.), Ecuador (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest densified wood supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Densified Wood Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of densified wood decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, densified wood imports reduced modestly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Mexico was the key importing country with an import of around X tons, which amounted to X% of total imports. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Aruba (X%), Chile (X%), the Dominican Republic (X%) and Colombia (X%). Ecuador (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Colombia (X%) and Aruba (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, the Dominican Republic (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Aruba, Brazil, Ecuador and Colombia increased by X, X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported densified wood in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Chile, with an X% share.

In Mexico, densified wood imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, densified wood import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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