Latin America and the Caribbean: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Latin America and the Caribbean

The Latin American industrial roundwood (coniferous) market contracted slightly to $X in 2022, shrinking by -4.5% against the previous year. Overall, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Roundwood (Coniferous) Production in Latin America and the Caribbean

In value terms, industrial roundwood (coniferous) production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Industrial Roundwood (Coniferous) Exports

Exports in Latin America and the Caribbean

After six years of growth, overseas shipments of industrial roundwood (coniferous) decreased by -18.4% to X cubic meters in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 159%. The volume of export peaked at X cubic meters in 2021, and then dropped sharply in the following year.

In value terms, industrial roundwood (coniferous) exports reached $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 174% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Uruguay dominates exports structure, finishing at X cubic meters, which was near 74% of total exports in 2022. Argentina (X cubic meters) held the second position in the ranking, followed by Brazil (X cubic meters) and Chile (X cubic meters). All these countries together held approx. 25% share of total exports.

Uruguay was also the fastest-growing in terms of the industrial roundwood (coniferous) exports, with a CAGR of +39.4% from 2012 to 2022. At the same time, Brazil (+36.8%) and Chile (+10.5%) displayed positive paces of growth. By contrast, Argentina (-32.0%) illustrated a downward trend over the same period. While the share of Uruguay (+44 p.p.), Argentina (+9.9 p.p.) and Brazil (+5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-17 p.p.) displayed negative dynamics.

In value terms, Uruguay ($X) emerged as the largest industrial roundwood (coniferous) supplier in Latin America and the Caribbean, comprising 81% of total exports. The second position in the ranking was held by Chile ($X), with a 6.3% share of total exports. It was followed by Brazil, with a 5.2% share.

In Uruguay, industrial roundwood (coniferous) exports expanded at an average annual rate of +56.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+15.3% per year) and Brazil (+33.9% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per cubic meter, picking up by 23% against the previous year. Overall, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Chile ($X per cubic meter), while Argentina ($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 Uruguay (+12.6%), while the other leaders experienced mixed trends in the export price figures.

Industrial Roundwood (Coniferous) Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of industrial roundwood (coniferous) was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a slight increase. The growth pace was the most rapid in 2015 with an increase of 85%. Over the period under review, imports attained the maximum at X cubic meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (coniferous) imports surged to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 82%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bahamas (X cubic meters), distantly followed by the Dominican Republic (X cubic meters), Peru (X cubic meters), British Virgin Islands (X cubic meters) and Mexico (X cubic meters) were the largest importers of industrial roundwood (coniferous), together creating 91% of total imports. The following importers - Turks and Caicos Islands (X cubic meters) and Anguilla (X cubic meters) - each recorded a 4.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahamas (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bahamas ($X), Peru ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, with a combined 67% share of total imports. The Dominican Republic, British Virgin Islands, Turks and Caicos Islands and Anguilla lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Turks and Caicos Islands, with a CAGR of +32.0%, saw the highest rates of growth with regard to the value of imports, 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, declining by -13.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2020; however, from 2021 to 2022, 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 Mexico ($X per cubic meter), while the Dominican Republic ($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 Turks and Caicos Islands (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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