Updated Jan 10, 2023 17:57

Market for Coniferous Wood In The Rough in Chile

Market Overview
The Chilean market for coniferous wood in the rough declined modestly to $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Coniferous wood in the rough consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

In value terms, coniferous wood in the rough production contracted modestly to $ in estimated in export price. Over the period under review, production, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Coniferous wood in the rough production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.


Consumption
In , approx. cubic meters of coniferous wood in the rough were consumed in Chile; which is down by -% against . Overall, consumption, however, continues to indicate a relatively flat trend pattern. Coniferous wood in the rough consumption peaked at cubic meters in 2018; however, from 2019 to , consumption failed to regain momentum.

The size of the market for coniferous wood in the rough in Chile declined slightly to $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Coniferous wood in the rough consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for coniferous wood in the rough in Chile, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of coniferous wood in the rough in Chile were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for coniferous wood in the rough.


Trade Balance
Chile remains a net exporter of coniferous wood in the rough; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.