Chile: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Chile

The Chilean industrial roundwood market declined to $X in 2022, reducing by -5.5% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood Production in Chile

In value terms, industrial roundwood production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Industrial Roundwood Exports

Exports from Chile

Industrial roundwood exports from Chile reduced notably to X cubic meters in 2022, waning by -64.6% compared with the previous year. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 196%. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports reduced notably to $X in 2022. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 180% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood exports from Chile, with a 47% share of total exports. Moreover, industrial roundwood exports to China exceeded the volume sent to the second major destination, Peru (X cubic meters), twofold. Japan (X cubic meters) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+77.5% per year) and Japan (-2.3% per year).

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Chile, comprising 46% of total exports. The second position in the ranking was taken by Peru ($X), with a 21% share of total exports. It was followed by Japan, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+87.1% per year) and Japan (+2.6% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the average export price increased by 35%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per cubic meter) and the UK ($X per cubic meter), while the average price for exports to China ($X per cubic meter) and Japan ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Chile

In 2022, overseas purchases of industrial roundwood decreased by -1.9% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 270%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports surged to $X in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 685%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of industrial roundwood to Chile, accounting for a 86% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.0% per year) and Paraguay (0.0% per year).

In value terms, Paraguay ($X) constituted the largest supplier of industrial roundwood to Chile, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Paraguay amounted to +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.0% per year) and Germany (+12.4% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, jumping by 22% against the previous year. In general, the import price showed a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 187%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($X per cubic meter), while the price for the United States ($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 Paraguay (+52.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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