Brazilian Exports of Wood-Based Products Increased 30.5% Year-Over-Year in February 2021

According to the International Tropical Timber Organization (ITTO), the value of Brazilian exports of wood-based products (except pulp and paper) in February 2021 amounted to $282.0 million (USD), an increase of 30.5% when compared to February 2020, when they were valued at $216.1 million USD. Pine sawnwood exports increased in value 16% year-over-year to $46.22 million (USD) up from $38.8 million (USD). Pine plywood exports saw a surge of 75% in value in February 2021 in comparison with February 2020, from US$36.1 million to US$63.3 million. In volume terms, exports increased 17% over the same period, from 165,000 cu.m to 194,500 cu.m. Of note is the continuing growth of exported Brazilian wooden furniture Wooden furniture export earnings increased from US$43.3 million in February 2020 to US$55.1 million in February 2021, a 27% year on year increase. In January 2021, there was a significant increase in wooden furniture trade with buyers from the United States (57%), Chile (169%), Peru (85%) and Puerto Rico (178%).

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.