Latin America and the Caribbean: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Latin America and the Caribbean

In 2022, the Latin American sawnwood (coniferous) market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sawnwood (Coniferous) Production in Latin America and the Caribbean

In value terms, sawnwood (coniferous) production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild curtailment. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of sawnwood (coniferous) decreased by X% to X cubic meters, falling for the second year in a row after nine years of growth. Total exports indicated a tangible increase from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports rose slightly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Chile (X cubic meters) and Brazil (X cubic meters) dominates exports structure, together generating X% of total exports. Uruguay (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%). Honduras (X cubic meters) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uruguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main exporting countries, Uruguay, with a CAGR of X%, recorded 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 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per cubic meter) and Uruguay ($X per cubic meter), while Honduras ($X per cubic meter) and Argentina ($X per cubic meter) were 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.

Sawnwood (Coniferous) Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of sawnwood (coniferous) increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports reached $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Mexico prevails in imports structure, amounting to X cubic meters, which was near X% of total imports in 2022. The Dominican Republic (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Costa Rica (X%). Peru (X cubic meters), El Salvador (X cubic meters), Bahamas (X cubic meters), Guatemala (X cubic meters), Jamaica (X cubic meters), Haiti (X cubic meters) and Trinidad and Tobago (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sawnwood (coniferous) imports into Mexico stood at X%. At the same time, El Salvador (X%), Bahamas (X%), Guatemala (X%), Peru (X%), Haiti (X%), the Dominican Republic (X%), Jamaica (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Trinidad and Tobago (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and El Salvador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Costa Rica (X p.p.) and Trinidad and Tobago (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported sawnwood (coniferous) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

In Mexico, sawnwood (coniferous) imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2022, growing by X% against the previous year. Import price indicated a notable increase 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, sawnwood (coniferous) import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Trinidad and Tobago ($X per cubic meter), while El Salvador ($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 Trinidad and Tobago (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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