Mexico: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Mexico

In 2020, the Mexican wood fuel (non-coniferous) market decreased by -X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Mexico

In value terms, wood fuel (non-coniferous) production reduced slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Wood Fuel (Non-Coniferous) Exports

Exports from Mexico

In 2020, shipments abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the third consecutive year after two years of growth. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at X cubic meters in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) exports shrank dramatically to $X in 2020. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X cubic meters) and Canada (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Mexico, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled -X%.

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, flattening at the previous year. Over the period under review, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per cubic meter in 2019, and then dropped modestly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per cubic meter), while the average price for exports to Canada amounted to $X per cubic meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Wood Fuel (Non-Coniferous) Imports

Imports into Mexico

Wood fuel (non-coniferous) imports into Mexico reduced markedly to X cubic meters in 2020, falling by -X% compared with the year before. In general, imports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X cubic meters in 2019, and then contracted notably in the following year.

In value terms, wood fuel (non-coniferous) imports reduced remarkably to $X in 2020. Over the period under review, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then declined dramatically in the following year.

Imports by Country

In 2020, the U.S. (X cubic meters) constituted the largest wood fuel (non-coniferous) supplier to Mexico, with a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from the U.S. exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Colombia (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of wood fuel (non-coniferous) to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per cubic meter in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per cubic meter), while the price for Colombia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform