Latin America and the Caribbean: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Latin America and the Caribbean

For the fifth consecutive year, the Latin American industrial roundwood (non-coniferous) market recorded decline in sales value, which decreased by -0.3% to $X in 2022. Overall, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Latin America and the Caribbean

In value terms, industrial roundwood (non-coniferous) production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 2.6% against the previous year. Over the period under review, (non-coniferous) production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Latin America and the Caribbean

In 2022, approx. X cubic meters of industrial roundwood were exported in Latin America and the Caribbean; reducing by -4.6% on the previous year. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) exports increased by +11.1% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 43%. The volume of export peaked at X cubic meters in 2021, and then reduced in the following year.

In value terms, industrial roundwood (non-coniferous) exports declined to $X in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. The level of export peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

In 2022, Uruguay (X cubic meters) represented the key exporter of industrial roundwood, committing 71% of total exports. It was distantly followed by Brazil (X cubic meters), making up a 19% share of total exports. Suriname (X cubic meters) followed a long way behind the leaders.

Exports from Uruguay increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Brazil (+53.2%) and Suriname (+12.7%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +53.2% from 2012-2022. While the share of Brazil (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) remains the largest industrial roundwood (non-coniferous) supplier in Latin America and the Caribbean, comprising 58% of total exports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Uruguay amounted to +7.5%. In the other countries, the average annual rates were as follows: Brazil (+35.2% per year) and Suriname (+7.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per cubic meter in 2022, approximately equating the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24%. The level of export peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Suriname ($X per cubic meter), while Uruguay ($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 Uruguay (+0.4%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Latin America and the Caribbean

Industrial roundwood (non-coniferous) imports soared to X cubic meters in 2022, rising by 17% compared with the previous year. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) imports increased by +109.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 41%. Over the period under review, (non-coniferous) imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, industrial roundwood (non-coniferous) imports skyrocketed to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, (non-coniferous) imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Bahamas (X cubic meters) and Mexico (X cubic meters) represented the major importers of industrial roundwood in 2022, amounting to approx. 31% and 22% of total imports, respectively. The Dominican Republic (X cubic meters) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (11%) and Uruguay (7%). Argentina (X cubic meters) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahamas (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood (non-coniferous) importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Bahamas ($X) and Mexico ($X), together comprising 74% of total imports.

Among the main importing countries, Bahamas, with a CAGR of +19.0%, saw 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

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2022, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per cubic meter), while Brazil ($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 the Dominican Republic (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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