Puerto Rico: Roundwood Market 2022

Roundwood Market Size in Puerto Rico

The Puerto Rican roundwood market was estimated at less than $X in 2021, standing approx. 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). In general, consumption recorded a relatively flat trend pattern.

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 largest exporters of roundwood, together making up 51% 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), France (X cubic meters) and Canada (X cubic meters) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, the Netherlands (+27.4%), Belgium (+16.8%), Germany (+15.5%), Australia (+15.3%), the Czech Republic (+14.8%), Uruguay (+13.3%), Norway (+10.8%) and Poland (+8.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.4% from 2012-2021. By contrast, France (-2.0%), Russia (-6.1%), Canada (-9.5%) and the United States (-12.2%) illustrated a downward trend over the same period. While the share of New Zealand (+8.3 p.p.), the Czech Republic (+5.5 p.p.), Germany (+5.1 p.p.), the Netherlands (+3.5 p.p.), Uruguay (+3.2 p.p.), Australia (+2.4 p.p.), Belgium (+2.4 p.p.) and Norway (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Canada (-4.4 p.p.), Russia (-7.3 p.p.) and the United States (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest roundwood supplier from Puerto Rico, comprising 22% of global exports. The second position in the ranking was held by the United States ($X), with a 10% share of global exports. It was followed by Germany, with a 6% 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 (+0.7% per year) and Germany (+14.1% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand cubic meters, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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.

Roundwood Imports

Imports by Country

China was the main importer of roundwood in the world, with the volume of imports reaching X cubic meters, which was approx. 31% of total imports in 2021. Austria (X cubic meters) held 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 took 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), Italy (X cubic meters), the Netherlands (X cubic meters) and Canada (X cubic meters) held a minor share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of roundwood. At the same time, Belgium (+14.6%), the Netherlands (+8.0%), Free Zones (+7.8%), Austria (+4.1%) and Finland (+2.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +14.6% from 2012-2021. Canada, Germany and Sweden experienced a relatively flat trend pattern. By contrast, Italy (-2.9%), India (-3.5%), Japan (-4.1%) and South Korea (-8.1%) illustrated a downward trend over the same period. While the share of Belgium (+3 p.p.), Austria (+2.4 p.p.) and Free Zones (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of China (-1.7 p.p.), India (-1.9 p.p.), Japan (-2.3 p.p.) and South Korea (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roundwood into Puerto Rico, comprising 56% of global imports. The second position in the ranking was taken by Austria ($X), with a 4.8% share of global imports. It was followed by Japan, with a 4% share.

In China, roundwood imports increased at an average annual rate of +5.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Austria (+2.1% per year) and Japan (-1.7% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand cubic meters, almost unchanged from the previous year. Over the period under review, the import price showed 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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