MERCOSUR: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in MERCOSUR

The MERCOSUR coniferous roundwood market shrank to $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a mild decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in MERCOSUR

In value terms, coniferous roundwood production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Coniferous Roundwood Exports

Exports in MERCOSUR

In 2022, overseas shipments of roundwood (coniferous) decreased by -19.3% to X cubic meters for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 160%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then declined sharply in the following year.

In value terms, coniferous roundwood exports declined slightly to $X in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2013 when exports increased by 168%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Uruguay was the major exporter of roundwood (coniferous) in MERCOSUR, with the volume of exports reaching X cubic meters, which was near 74% of total exports in 2022. Argentina (X cubic meters) ranks second in terms of the total exports with a 10% share, followed by Brazil (9.6%) and Chile (5.7%).

Uruguay was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +39.4% from 2012 to 2022. At the same time, Brazil (+36.8%) and Chile (+10.5%) displayed positive paces of growth. By contrast, Argentina (-32.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay, Argentina and Brazil increased by +23, +10 and +1.7 percentage points, respectively.

In value terms, Uruguay ($X) emerged as the largest coniferous roundwood supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Chile ($X), with a 6.5% share of total exports. It was followed by Brazil, with a 5.3% share.

In Uruguay, coniferous roundwood exports increased at an average annual rate of +56.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+15.3% per year) and Brazil (+33.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per cubic meter, increasing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 an increase of 46% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while Argentina ($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 (+12.6%), while the other leaders experienced mixed trends in the export price figures.

Coniferous Roundwood Imports

Imports in MERCOSUR

In 2022, coniferous roundwood imports in MERCOSUR surged to X cubic meters, picking up by 360% compared with the previous year's figure. Over the period under review, imports posted mild growth. The most prominent rate of growth was recorded in 2017 when imports increased by 438% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 451% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Peru dominates imports structure, recording X cubic meters, which was near 94% of total imports in 2022. Colombia (X cubic meters) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the roundwood (coniferous) imports, with a CAGR of +10.9% from 2012 to 2022. At the same time, Colombia (+4.2%) displayed positive paces of growth. Peru (+54 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported roundwood (coniferous) in MERCOSUR, comprising 94% of total imports. The second position in the ranking was held by Colombia ($X), with a 4.3% share of total imports.

In Peru, coniferous roundwood imports increased at an average annual rate of +16.3% over the period from 2012-2022.

Import Prices by Country

The import price in MERCOSUR stood at $X per cubic meter in 2022, shrinking by -35.7% against the previous year. Over the period under review, the import price, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2016 when the import price increased by 88% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per cubic meter), while Colombia amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.9%).

Source: IndexBox Platform