Mexico: Roundwood Market 2024

Roundwood Market Size in Mexico

The Mexican roundwood market rose modestly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a remarkable 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Roundwood Production in Mexico

In value terms, roundwood production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Roundwood Exports

Exports from Mexico

In 2022, shipments abroad of roundwood decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X cubic meters, and then dropped in the following year.

In value terms, roundwood exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X cubic meters) was the main destination for roundwood exports from Mexico, accounting for a X% share of total exports. Moreover, roundwood exports to China exceeded the volume sent to the second major destination, the United States (X cubic meters), ninefold. India (X cubic meters) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to the United States ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Roundwood Imports

Imports into Mexico

In 2022, approx. X cubic meters of roundwood were imported into Mexico; increasing by X% on the year before. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, roundwood imports soared to $X in 2022. In general, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main roundwood supplier to Mexico, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of roundwood to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price 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, roundwood import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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