Ecuador: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Ecuador

For the third year in a row, the Ecuadorian sawnwood (non-coniferous) market recorded growth in sales value, which increased by 18% to $X in 2022. Overall, consumption posted a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Sawnwood (Non-Coniferous) Production in Ecuador

In value terms, sawnwood (non-coniferous) production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Ecuador

Sawnwood (non-coniferous) exports from Ecuador declined markedly to X cubic meters in 2022, which is down by -47.6% against 2021. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 172%. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, sawnwood (non-coniferous) exports contracted markedly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 87%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters), India (X cubic meters) and the United States (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Ecuador, together comprising 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +27.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Ecuador, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.1% share of total exports. It was followed by India, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.9% per year) and India (+17.3% per year).

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, jumping by 54% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 62% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to India ($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 Bangladesh (+295.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Ecuador

In 2022, supplies from abroad of sawnwood (non-coniferous) decreased by -85% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 229%. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced notably in the following year.

In value terms, sawnwood (non-coniferous) imports fell dramatically to $X in 2022. Over the period under review, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when imports increased by 283% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Colombia (X cubic meters) and Chile (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +13.9%).

In value terms, Colombia ($X) and Chile ($X) were the largest sawnwood (non-coniferous) suppliers to Ecuador.

In terms of the main suppliers, Colombia, with a CAGR of +2.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, surging by 29% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($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 Chile (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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