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.

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