MERCOSUR: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in MERCOSUR

The MERCOSUR industrial roundwood (coniferous) market declined to $X in 2022, which is down by -3.6% against the previous year. In general, consumption showed a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Roundwood (Coniferous) Production in MERCOSUR

In value terms, industrial roundwood (coniferous) production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Coniferous) Exports

Exports in MERCOSUR

In 2022, after six years of growth, there was significant decline in overseas shipments of industrial roundwood (coniferous), when their volume decreased by -18.7% to X cubic meters. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 160%. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then declined significantly in the following year.

In value terms, industrial roundwood (coniferous) exports contracted slightly to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 168%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Uruguay was the key exporter of industrial roundwood (coniferous) in MERCOSUR, with the volume of exports recording X cubic meters, which was approx. 74% of total exports in 2022. Argentina (X cubic meters) took the second position in the ranking, followed by Brazil (X cubic meters) and Chile (X cubic meters). All these countries together took near 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. From 2012 to 2022, the share of Uruguay, Argentina and Brazil increased by +23, +10 and +1.7 percentage points, respectively.

In value terms, Uruguay ($X) emerged as the largest industrial roundwood (coniferous) supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Chile ($X), with a 6.5% share of total exports. It was followed by Brazil, with a 5.3% share.

In Uruguay, industrial roundwood (coniferous) exports expanded at an average annual rate of +56.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+15.3% per year) and Brazil (+33.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per cubic meter, jumping by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 an increase of 46%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 MERCOSUR

Industrial roundwood (coniferous) imports skyrocketed to X cubic meters in 2022, jumping by 295% compared with the previous year. Over the period under review, imports posted a notable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 434%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, industrial roundwood (coniferous) imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 451%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Peru prevails in imports structure, reaching X cubic meters, which was approx. 95% of total imports in 2022. Colombia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood (coniferous) imports into Peru stood at +12.0%. At the same time, Colombia (+31.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +31.3% from 2012-2022. While the share of Peru (+53 p.p.) and Colombia (+3.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported industrial roundwood (coniferous) in MERCOSUR, comprising 95% of total imports. The second position in the ranking was taken by Colombia ($X), with a 3.6% share of total imports.

In Peru, industrial roundwood (coniferous) imports expanded at an average annual rate of +20.0% over the period from 2012-2022.

Import Prices by Country

The import price in MERCOSUR stood at $X per cubic meter in 2022, declining by -28.9% against the previous year. Over the period under review, the import price, however, posted a strong increase. The growth pace was the most rapid in 2016 when the import price increased by 86% against the previous year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per cubic meter), while Colombia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+7.1%).

Source: IndexBox Platform

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