Brazilian Exports of Wood-Based Products Increased 76% Year-Over-Year in May 2021

According to the International Tropical Timber Organization (ITTO) the value of Brazilian exports of wood-based products (except pulp and paper) increased 76% in value year-over-year from US$235.5 million, in May 2020, to US$414.8 million in May 2021. Pine sawnwood exports grew 54% in value between May 2020 (US$43.2 million) and May 2021 (US$66.5 million). In volume, exports increased almost 20% over the same period, from 250,400 m3 to 300,200 m3. International demand for plywood is strong, and Brazil’s pine plywood exports increase over 200% in value in May 2021 in comparison with May 2020, from US$39.9 million to US$125.3 million. In terms of volume exports increased 59% over the same period from 155,800 m3 to 247,000 m3. There was also a surge in demand for tropical plywood and the volume of exports increased 62.5% and in value by 100% from 4,000 m3 (US$1.6 million) in May 2020 to 6,500 m3 (US$3.2 million) in May 2021. As for wooden furniture export earnings jumped from US$31.8 million in May 2020 to US$69.7 million in May 2021 an almost 120% rise.