Ecuador: Sawnwood Market 2024

Sawnwood Market Size in Ecuador

For the third year in a row, the Ecuadorian sawnwood market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded measured growth. Sawnwood consumption peaked in 2022 and is expected to retain growth in years to come.

Sawnwood Production in Ecuador

In value terms, sawnwood production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sawnwood Exports

Exports from Ecuador

In 2022, the amount of sawnwood exported from Ecuador plummeted to X cubic meters, with a decrease of X% on the year before. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sawnwood exports rose modestly to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for sawnwood exports from Ecuador, accounting for a X% share of total exports. Moreover, sawnwood exports to China exceeded the volume sent to the second major destination, India (X cubic meters), fivefold. The third position in this ranking was held by Peru (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Peru (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average sawnwood export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price showed prominent growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per cubic meter), while the average price for exports to India ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Ecuador

In 2022, purchases abroad of sawnwood decreased by X% to X cubic meters, falling for the second year in a row after four years of growth. Over the period under review, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sawnwood imports reduced notably to $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X cubic meters), Chile (X cubic meters) and Colombia (X cubic meters) were the main suppliers of sawnwood imports to Ecuador, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Colombia ($X) were the largest sawnwood suppliers to Ecuador, with a combined X% share of total imports.

In terms of the main suppliers, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood import price amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per cubic meter), while the price for Peru ($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 Chile (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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