Latin America and the Caribbean: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Latin America and the Caribbean

The Latin American market for saw logs and veneer logs (non-coniferous) fell slightly to $X in 2023, standing approx. at the previous year. In general, consumption continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2022 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Latin America and the Caribbean

In value terms, production of saw logs and veneer logs (non-coniferous) declined modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports in Latin America and the Caribbean

In 2023, exports of saw logs and veneer logs (non-coniferous) in Latin America and the Caribbean rose sharply to X cubic meters, surging by X% compared with 2022 figures. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, exports of saw logs and veneer logs (non-coniferous) expanded rapidly to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

Uruguay represented the major exporting country with an export of around X cubic meters, which finished at X% of total exports. It was distantly followed by Brazil (X cubic meters), creating a X% share of total exports. Ecuador (X cubic meters) and Suriname (X cubic meters) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to saw logs and veneer logs (non-coniferous) exports from Uruguay stood at X%. At the same time, Brazil (X%), Suriname (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Uruguay (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Uruguay totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per cubic meter in 2023, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ecuador ($X per cubic meter), while Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of saw logs and veneer logs (non-coniferous) decreased by X% to X cubic meters in 2023. In general, imports showed a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X cubic meters in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) declined sharply to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

The countries with the highest levels of imports of saw logs and veneer logs (non-coniferous) in 2023 were Brazil (X cubic meters), the Dominican Republic (X cubic meters) and Uruguay (X cubic meters), together reaching X% of total import. It was distantly followed by Bahamas (X cubic meters) and British Virgin Islands (X cubic meters), together mixing up a X% share of total imports. Paraguay (X cubic meters), Aruba (X cubic meters), Haiti (X cubic meters), Argentina (X cubic meters), Costa Rica (X cubic meters), Antigua and Barbuda (X cubic meters), Anguilla (X cubic meters) and Turks and Caicos Islands (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Bahamas, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Dominican Republic stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Bahamas (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2023, waning by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for saw logs and veneer logs (non-coniferous) increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per cubic meter in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per cubic meter), while Brazil ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Aruba (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform