Colombia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Colombia

In 2022, the Colombian industrial roundwood (non-coniferous) market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Colombia

In value terms, industrial roundwood (non-coniferous) production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13% against the previous year. Over the period under review, (non-coniferous) production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Colombia

In 2022, overseas shipments of industrial roundwood decreased by -55.5% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 115%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports declined slightly to $X in 2022. Over the period under review, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

Exports by Country

China (X cubic meters), India (X cubic meters) and Vietnam (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Colombia, with a combined 80% share of total exports. These countries were followed by Singapore, which accounted for a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) constituted the largest markets for industrial roundwood (non-coniferous) exported from Colombia worldwide, together accounting for 74% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +34.1%, saw the highest growth rate of 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

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, surging by 116% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Singapore ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.2%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Colombia

In 2022, supplies from abroad of industrial roundwood was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by 366% against the previous year. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) imports stood at $X in 2022. Overall, imports, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 345%. Over the period under review, (non-coniferous) imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main industrial roundwood (non-coniferous) supplier to Colombia, with a 96% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -25.5%.

In value terms, the United States ($X) constituted the largest supplier of industrial roundwood to Colombia, comprising 95% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -21.9%.

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, falling by -1.8% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 43%. As a result, import price attained the peak level of $X per cubic meter, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for the United States 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 (+4.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :