MERCOSUR: Mdf Market 2024

Mdf Market Size in MERCOSUR

For the fifth consecutive year, the MERCOSUR MDF market recorded growth in sales value, which increased by 6.1% to $X in 2021. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Mdf Production in MERCOSUR

In value terms, MDF production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in years to come.

Mdf Exports

Exports in MERCOSUR

MDF exports expanded markedly to X cubic meters in 2021, growing by 11% on the year before. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 52%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, MDF exports surged to $X in 2021. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 52% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Brazil (X cubic meters) and Chile (X cubic meters) dominates exports structure, together achieving 87% of total exports. Argentina (X cubic meters) ranks next in terms of the total exports with a 5.2% share, followed by Uruguay (5.2%). Ecuador (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest MDF supplying countries in MERCOSUR were Chile ($X), Brazil ($X) and Argentina ($X), with a combined 98% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per cubic meter in 2021, surging by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Mdf Imports

Imports in MERCOSUR

In 2021, mdf imports in MERCOSUR skyrocketed to X cubic meters, surging by 20% compared with 2020. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, MDF imports soared to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X cubic meters) and Colombia (X cubic meters) were the key importers of MDF in 2021, amounting to near 29% and 27% of total imports, respectively. Peru (X cubic meters) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (8.6%), Uruguay (7%), Paraguay (5.3%) and Argentina (5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Paraguay (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported MDF in MERCOSUR, comprising 41% of total imports. The second position in the ranking was held by Colombia ($X), with a 20% share of total imports. It was followed by Peru, with an 11% share.

In Chile, MDF imports expanded at an average annual rate of +15.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-0.8% per year) and Peru (+0.1% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per cubic meter, jumping by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained 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 Chile ($X per cubic meter), while Paraguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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