Brazilian Exports of Wood-Based Products Decline Year-Over-Year in October
According to the International Tropical Timber Organization (ITTO), Brazilian exports of wood-based products (except pulp and paper) in October declined 31.0% in value compared to October 2022, falling from US$317.1 million in October 2022 to US$219.7 million in October 2023.
Pine sawnwood exports plunged 43.0% in value, decreasing from US$50.4 million in October 2022 to US$28.6 million in October 2023. In volume terms, exports decreased by 34.0% during the same period, dropping from 192,700 m3 to 127,900 m3.
Tropical sawnwood exports declined 43.0% in volume, falling from 36,200 m3 in October 2022 to 20,600 m3 in October 2023. In value terms, exports declined 50.0%—from US$18.2 million to US$9.1 million—over the same period.
Demand for pine plywood exports decreased 29.0% in value when compared to October 2022, from US$61.6 million in October 2022 to US$43.5 million in October 2023. In volume terms, exports fell 18.0% over the same period, decreasing from 171,800 m3 to 140,600 m3.
Tropical plywood exports declined 23.0% in volume and 19.0% in value, falling from 2,200 m3 and US$1.6 million in October 2022 to 1,700 m3 and US$1.3 million in October 2023.
The value of wooden furniture exports fell from US$52.9 million in October 2022 to US$46.3 million in October 2023—an almost 13.0% 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.