Latin America and the Caribbean: Coniferous Roundwood Market 2023

Coniferous Roundwood Market Size in Latin America and the Caribbean

The Latin American coniferous roundwood market declined slightly to $X in 2021, shrinking by -2.4% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in Latin America and the Caribbean

In value terms, coniferous roundwood production contracted to $X in 2021 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 104%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports in Latin America and the Caribbean

For the sixth year in a row, LatAmerica and the Caribbean recorded growth in overseas shipments of roundwood (coniferous), which increased by 33% to X cubic meters in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 162% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, coniferous roundwood exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by 186% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Brazil represented the major exporter of roundwood (coniferous) in Latin America and the Caribbean, with the volume of exports amounting to X cubic meters, which was approx. 52% of total exports in 2021. Argentina (X cubic meters) took a 32% share (based on physical terms) of total exports, which put it in second place, followed by Chile (12%). Uruguay (X cubic meters) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood supplying countries in Latin America and the Caribbean were Argentina ($X), Brazil ($X) and Chile ($X), together accounting for 90% of total exports.

Among the main exporting countries, Brazil, with a CAGR of +70.7%, saw the highest rates of growth with regard to the value of exports, 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, with an increase of 18% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Uruguay ($X per cubic meter), while Brazil ($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 Uruguay (+21.0%), while the other leaders experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of roundwood (coniferous) decreased by -22% to X cubic meters in 2021. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 85% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports fell remarkably to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 84% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The Dominican Republic (X cubic meters), Cayman Islands (X cubic meters), Bahamas (X cubic meters), British Virgin Islands (X cubic meters), Suriname (X cubic meters), Mexico (X cubic meters) and Peru (X cubic meters) represented roughly 86% of total imports in 2021.

From 2012 to 2021, the biggest increases were in Suriname (with a CAGR of +59.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood importing markets in Latin America and the Caribbean were Bahamas ($X), Cayman Islands ($X) and Peru ($X), with a combined 43% share of total imports. The Dominican Republic, Mexico, British Virgin Islands and Suriname lagged somewhat behind, together accounting for a further 37%.

Suriname, with a CAGR of +58.7%, saw the highest growth rate of 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 2021, the import price in Latin America and the Caribbean amounted to $X per cubic meter, reducing by -8.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Peru ($X per cubic meter), while the Dominican Republic ($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 Peru (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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