Puerto Rico: Industrial Roundwood Market 2022

Industrial Roundwood Market Size in Puerto Rico

The Puerto Rican industrial roundwood market totaled less than $X in 2021, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern.

Industrial Roundwood Exports

Exports by Country

In 2021, New Zealand (X cubic meters), distantly followed by the Czech Republic (X cubic meters), Germany (X cubic meters), Russia (X cubic meters) and Uruguay (X cubic meters) represented the key exporters of industrial roundwood, together mixing up 53% of total exports. The Netherlands (X cubic meters), the United States (X cubic meters), Australia (X cubic meters), Belgium (X cubic meters), Norway (X cubic meters), Poland (X cubic meters), Canada (X cubic meters) and France (X cubic meters) held a relatively small share of total exports.

Exports from New Zealand increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, the Netherlands (+28.9%), Belgium (+16.9%), Germany (+15.6%), Australia (+15.2%), the Czech Republic (+15.1%), Uruguay (+13.3%), Norway (+10.7%) and Poland (+9.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.9% from 2012-2021. By contrast, France (-1.5%), Russia (-6.1%), Canada (-9.5%) and the United States (-12.2%) illustrated a downward trend over the same period. New Zealand (+8.5 p.p.), the Czech Republic (+5.7 p.p.), Germany (+5.2 p.p.), the Netherlands (+3.8 p.p.), Uruguay (+3.4 p.p.), Australia (+2.5 p.p.), Belgium (+2.5 p.p.) and Norway (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Canada, Russia and the United States saw its share reduced by -4.7%, -7.7% and -13.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest industrial roundwood supplier from Puerto Rico, comprising 23% of global exports. The second position in the ranking was held by the United States ($X), with an 11% share of global exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand totaled +14.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+0.8% per year) and Germany (+14.1% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per thousand cubic meters), while Norway ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.7%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood Imports

Imports by Country

China was the major importing country with an import of about X cubic meters, which accounted for 32% of total imports. Austria (X cubic meters) took the second position in the ranking, followed by Sweden (X cubic meters), Finland (X cubic meters) and Germany (X cubic meters). All these countries together held near 25% share of total imports. Belgium (X cubic meters), Free Zones (X cubic meters), Japan (X cubic meters), India (X cubic meters), South Korea (X cubic meters), the Netherlands (X cubic meters), Canada (X cubic meters) and Poland (X cubic meters) held a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of industrial roundwood. At the same time, Belgium (+20.5%), the Netherlands (+7.9%), Free Zones (+7.8%), Austria (+5.1%) and Finland (+2.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +20.5% from 2012-2021. Canada, Poland, Germany and Sweden experienced a relatively flat trend pattern. By contrast, India (-3.5%), Japan (-4.1%) and South Korea (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium, Austria and Free Zones increased by +3.5, +2.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial roundwood into Puerto Rico, comprising 57% of global imports. The second position in the ranking was held by Austria ($X), with a 4.8% share of global imports. It was followed by Japan, with a 4.1% share.

In China, industrial roundwood imports expanded at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Austria (+2.8% per year) and Japan (-1.7% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per thousand cubic meters), while Finland ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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