Latin America and the Caribbean: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Latin America and the Caribbean

The Latin American sawnwood (coniferous) market dropped markedly to $X in 2022, reducing by -28.7% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sawnwood (Coniferous) Production in Latin America and the Caribbean

In value terms, sawnwood (coniferous) production dropped to $X in 2022 estimated in export price. Overall, production showed a slight downturn. The growth pace was the most rapid in 2018 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sawnwood (Coniferous) Exports

Exports in Latin America and the Caribbean

In 2022, approx. X cubic meters of sawnwood (coniferous) were exported in Latin America and the Caribbean; with an increase of 1,659% compared with the previous year's figure. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports surged to $X in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X cubic meters) and Chile (X cubic meters) prevails in exports structure, together generating 97% of total exports. Uruguay (X cubic meters) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +119.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Uruguay ($X) constituted the countries with the highest levels of exports in 2022, together comprising 95% of total exports.

Brazil, with a CAGR of +114.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per cubic meter, with a decrease of -18.4% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 34%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Uruguay ($X per cubic meter), while Brazil ($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 Uruguay (+10.5%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood (Coniferous) Imports

Imports in Latin America and the Caribbean

In 2022, approx. X cubic meters of sawnwood (coniferous) were imported in Latin America and the Caribbean; jumping by 6,291% compared with the previous year's figure. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the key importer of sawnwood (coniferous) in Latin America and the Caribbean, with the volume of imports finishing at X cubic meters, which was approx. 55% of total imports in 2022. It was distantly followed by the Dominican Republic (X cubic meters), achieving a 36% share of total imports. The following importers - Guatemala (X cubic meters) and El Salvador (X cubic meters) - each reached a 4.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by El Salvador (with a CAGR of +684.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported sawnwood (coniferous) in Latin America and the Caribbean, comprising 74% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 9% share of total imports. It was followed by Guatemala, with a 5% share.

In Mexico, sawnwood (coniferous) imports expanded at an average annual rate of +58.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Dominican Republic (+56.5% per year) and Guatemala (+117.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2022, jumping by 39% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) import price increased by +42.5% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Guatemala ($X per cubic meter), while the Dominican Republic ($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 El Salvador (+81.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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