Brazilian Exports of Wood-Based Products Decline Year-Over-Year in March
According to the International Tropical Timber Organization (ITTO), the value of Brazilian exports of wood-based products (except pulp and paper) fell 16.0% in March compared to March 2023, from US$341.0 million in March 2023 to $287.7 million in March 2024.
Pine sawnwood exports tumbled 28% in value, from $60.1 million in March 2023 to $43.6 million in March 2024. In volume terms, exports declined by 27.0%—from 258,900 m3 to 188,500 m3—during the same period.
Tropical sawnwood exports decreased 39.0% in volume, from 27,000 m3 in March 2023 to 16,500 m3 in March 2024. In value terms, exports dropped 48.0%—from $14.6 million to $7.6 million—over the same period.
Pine plywood exports increased 1.0% in value when compared to March 2023, from $68.6 million in March 2024 compared to $67.8 million in March 2023. In volume terms, exports decreased 2.0%, from 213,500 m3 in March 2023 to 208,800 m3 in March 2024.
Tropical plywood exports declined 44.0% in volume and 33% in value, from 3,400 m3 and $1.8 million in March 2023 to 1,900 m3 and $1.2 million in March 2024.
The value of wooden furniture decreased from $54.5 million in March 2023 to $45.4 million in March 2024—a 17.0% decline.
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.