Colombia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Colombia

In 2022, the Colombian market for coniferous wood in the rough was finally on the rise to reach $X after nine years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. Coniferous wood in the rough consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in Colombia

In value terms, coniferous wood in the rough production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1.2%. Over the period under review, coniferous wood in rough production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from Colombia

In 2022, after ten years of growth, there was significant decline in overseas shipments of coniferous wood in the rough, when their volume decreased by -8.3% to X cubic meters. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 663% against the previous year. Over the period under review, the coniferous wood in rough exports reached the maximum at X cubic meters in 2021, and then dropped in the following year.

In value terms, coniferous wood in the rough exports shrank to $X in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 569% against the previous year. Over the period under review, the coniferous wood in rough exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Costa Rica (X cubic meters) was the main destination for coniferous wood in the rough exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica amounted to +62.7%.

In value terms, Costa Rica ($X) also remains the key foreign market for coniferous wood in the rough exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Costa Rica amounted to +59.9%.

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, remaining constant against the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 0.1%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -1.7% per year.

Imports of Coniferous Wood In The Rough

Imports into Colombia

After seven years of decline, supplies from abroad of coniferous wood in the rough increased by 8.3% to X cubic meters in 2022. In general, imports continue to indicate a modest increase. The growth pace was the most rapid in 2014 with an increase of 682%. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, coniferous wood in the rough imports expanded markedly to $X in 2022. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 1,003%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Chile (X cubic meters) was the main supplier of coniferous wood in the rough to Colombia, accounting for a 99% share of total imports. It was followed by the United States (X cubic meters), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile totaled +11.5%.

In value terms, Chile ($X) constituted the largest supplier of coniferous wood in the rough to Colombia, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at +19.9%.

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, shrinking by -2.6% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous wood in the rough import price increased by +77.6% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 43%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Chile stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.6%).

Source: IndexBox Platform

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