MERCOSUR: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in MERCOSUR

The MERCOSUR industrial roundwood (non-coniferous) market contracted modestly to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in MERCOSUR

In value terms, industrial roundwood (non-coniferous) production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 2.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports in MERCOSUR

Industrial roundwood (non-coniferous) exports was estimated at X cubic meters in 2022, almost unchanged from 2021 figures. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) exports increased by +14.1% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 44%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) exports stood at $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 52%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay represented the largest exporting country with an export of around X cubic meters, which recorded 73% of total exports. It was distantly followed by Brazil (X cubic meters), constituting a 20% share of total exports. Suriname (X cubic meters) held a relatively small share of total exports.

Exports from Uruguay increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Brazil (+53.2%) and Suriname (+12.7%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +53.2% from 2012-2022. Brazil (+19 p.p.) significantly strengthened its position in terms of the total exports, while Uruguay saw its share reduced by -15.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) remains the largest industrial roundwood (non-coniferous) supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uruguay stood at +7.5%. In the other countries, the average annual rates were as follows: Brazil (+35.2% per year) and Suriname (+7.7% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per cubic meter, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 24% against the previous year. The level of export peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Suriname ($X per cubic meter), while Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+0.4%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Non-Coniferous) Imports

Imports in MERCOSUR

In 2022, purchases abroad of industrial roundwood decreased by -3% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports reached the peak of X cubic meters, and then declined in the following year.

In value terms, industrial roundwood (non-coniferous) imports surged to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) imports increased by +132.3% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, (non-coniferous) imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil represented the main importer of industrial roundwood in MERCOSUR, with the volume of imports finishing at X cubic meters, which was approx. 53% of total imports in 2022. It was distantly followed by Uruguay (X cubic meters) and Argentina (X cubic meters), together committing a 40% share of total imports. Venezuela (X cubic meters) and Paraguay (X cubic meters) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +70.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) constitutes the largest market for imported industrial roundwood in MERCOSUR, comprising 62% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by Argentina, with a 9.5% share.

In Uruguay, industrial roundwood (non-coniferous) imports expanded at an average annual rate of +6.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-2.2% per year) and Argentina (+7.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per cubic meter in 2022, growing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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