Brazilian Exports of Wood-Based Products Increased 24% Year-Over-Year in March 2021

According to the International Tropical Timber Organization (ITTO), the value of Brazilian exports of wood-based products (except pulp and paper) in March 2021 amounted to US$321.9 million — an increase of 24% when compared to March 2020, when they were valued at US$206.6 million. Pine sawnwood exports increased in value 26% year-over-year to US$49 million up from US$39 million. Pine plywood exports saw a surge of 81% in value in March 2021 in comparison with March 2020, from US$43.0 million to US$78.0 million. In volume terms export volumes increased by just 14% over the same period, from 182,400 cu.m to 208,100 cu.m. As for tropical plywood, exports increased in volume (41.3%) and in value (40.0%), from 4,600 cu.m (US$2 million) in March 2020 to 6,500 cu.m (US$2.8 million) in March 2021. March was a good month for wooden furniture exports where export earnings increased from US$46.2 million in March 2020 to US$63.2 million in March 2021, an almost 40% jump.

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.
Original Source:
Tropical Timber Market Report