Mexico: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Mexico

The Mexican industrial roundwood (coniferous) market declined to $X in 2022, with a decrease of -12.4% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Industrial Roundwood (Coniferous) Production in Mexico

In value terms, industrial roundwood (coniferous) production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 71%. Over the period under review, production attained the maximum level at $X in 2021, and then reduced dramatically in the following year.

Industrial Roundwood (Coniferous) Exports

Exports from Mexico

In 2022, overseas shipments of industrial roundwood (coniferous) increased by 67% to X cubic meters, rising for the second year in a row after two years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,472% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial roundwood (coniferous) exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,670% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Mexico, with a 96% share of total exports. Moreover, industrial roundwood (coniferous) exports to China exceeded the volume sent to the second major destination, the United States (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +39.3%.

In value terms, China ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +72.2%.

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, increasing by 42% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 167%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to the United States stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+169,211.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Mexico

In 2022, imports of industrial roundwood (coniferous) into Mexico soared to X cubic meters, rising by 64% on the year before. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 550%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (coniferous) imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 516%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main industrial roundwood (coniferous) supplier to Mexico, accounting for a 95% share of total imports. Moreover, industrial roundwood (coniferous) imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -17.6%.

In value terms, the United States ($X) constituted the largest supplier of industrial roundwood (coniferous) to Mexico, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -12.1%.

Import Prices by Country

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, with a decrease of -14.2% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $X per cubic meter, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Canada stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%).

Source: IndexBox Platform

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