Brazilian Exports of Wood-Based Products Decline in March

According to the International Tropical Timber Organization (ITTO), Brazilian exports of wood-based product (except for pulp and paper) declined year-over-year 4.4% in value in March. March 2019 reported level was US$276.0 million, while 2020 reported level was US$264.0 million. The value of March pine sawn wood exports dropped 22% year-over-year, while the volume of exports decreased 18% for the same period. Year-over-year, pine plywood exports fell 23% in value. At the same time export volume dropped 11% when compared to March 2019. In contrast to the general decline in exports, wooden furniture exports in March 2020 rose from US$44.6 million in March 2019 to US$46.2 million in March 2020. However, the value of furniture exports in the first quarter of 2020 illustrated the impact of the virus pandemic.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.