Non coniferous roundwood market in Brazil

Earlier Report Observations

The Brazilian non-coniferous roundwood market began the period with a volume of 233.6 million m³ in 2018, supported by private companies focusing on sustainable production and regulatory oversight to curb illegal logging. However, in 2019, the market contracted to 219.0 million m³ due to an oversupply of pine and eucalyptus roundwood in regions like Santa Catarina, which created a demand-supply imbalance and kept prices below inflation.

From 2020, the market recovered and entered a growth phase, reaching 239.0 million m³ by 2021. This turnaround was fueled by economic recovery, which boosted construction activity and furniture renewal, increasing demand for roundwood. Additionally, extraction from natural forests rose, with Mato Grosso becoming a leading producer. The forest sector also attracted planned investments of R$ 35.5 billion by 2023 to expand plantings and factory capacity, laying the groundwork for future production increases.

Growth continued through 2022 and 2023, with the market reaching 264.5 million m³. This expansion was primarily driven by export demand, particularly for eucalyptus roundwood, of which 2.0 million m³ were shipped in 2022, mostly to China. Despite a drop in roundwood extraction from native forests in 2022, plantation-based production compensated. In 2023, exports of teak roundwood from reforestation areas in Pará grew, although geopolitical conflicts in the Middle East introduced uncertainty for Brazilian wood exports.

Production non coniferous roundwood in Brazil

In kind, 2018-2021, M m³

Globally, Brazil ranked as the second-largest producer of non-coniferous roundwood from 2018 to 2021.

Top producers of non coniferous roundwood, 2018-2021

World map of production of non coniferous roundwood, 2018-2021

Brazil's non-coniferous roundwood production increased for the second year in a row. In 2021, the country produced 241.0 million cubic meters, marking a 5.3% rise compared to the previous year. Over the period from 2018 to 2021, production grew by 2.9%, which translates to an average annual increase of 1.0%. The lowest production volume was recorded in 2019 at 219.8 million cubic meters, with the largest decline that year of 6.2%.

Annual dynamics of production in Brazil in kind, 2018-2021, M m³

Exports non coniferous roundwood from Brazil

Exports in kind, K m³

The market exhibited volatility during the observed period. Exports reached their lowest point in 2018 and peaked in 2020, with a 3.7-fold difference between these years. In 2021, Brazil's non-coniferous roundwood exports totaled 2 096 thousand cubic meters, showing a modest decrease of 6.2% from the year before. The highest export volume was recorded in 2020 at 2 234 thousand cubic meters, with the largest increase that year of 175.5%.

Annual dynamics of product's exports from Brazil in kind, 2018-2021, K m³

From 2018 to 2021, China and Portugal were the main buyers of non-coniferous roundwood from Brazil, together accounting for 86.3% of total exports in volume, while other countries made up the rest.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Brazil in kind, 2018-2021

Exports in value, M $ US

Brazil's cross-border shipments of non-coniferous roundwood increased for the third consecutive year. In 2021, exports reached 173.1 million US dollars, representing a significant 76.8% rise year-over-year. Between 2018 and 2021, exports surged by 181.7%, averaging an annual growth rate of 41.2%.

Annual dynamics of product's exports from Brazil in value, 2018-2021, M $ US

During 2018–2021, China, India, and Portugal led as the top buyers of non-coniferous roundwood from Brazil in value terms, with shares of 37.7%, 35.2%, and 16.1%, respectively. Their combined share accounted for 88.9% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Brazil in value, 2018-2021

Imports non coniferous roundwood to Brazil

Imports in kind, K m³

The market showed signs of volatility over the observed period. Import levels varied significantly, with a 3.4-fold difference between the high in 2019 and the low in 2020. In 2021, foreign supplies of non-coniferous roundwood to Brazil amounted to 13 thousand cubic meters, indicating a sharp increase of 47.7% compared to the previous year. The minimum import volume was recorded in 2020 at 9 thousand cubic meters, while the maximum was in 2019 at 30 thousand cubic meters. The largest decline occurred in 2020 at 70.8%, and the largest increase was in 2019 at 70.4%.

Annual dynamics of product's imports to Brazil in kind, 2018-2021, K m³

From 2018 to 2021, Bolivia was the primary supplier of non-coniferous roundwood to Brazil, holding 84.4% of total imports in volume, with the remaining share distributed among a diverse group of other countries.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Brazil in kind, 2018-2021

Imports in value, M $ US

Following a two-year decline, Brazil's non-coniferous roundwood import volume increased. In 2021, imports amounted to 0.8 million US dollars, up by 32.6% from 2020. Over the period from 2018 to 2021, imports decreased by 21.8%, averaging an annual decline of 7.9%. The lowest import value was recorded in 2020 at 0.6 million US dollars, with the largest drop in 2019 at 39.6%.

Annual dynamics of product's imports to Brazil in value, 2018-2021, M $ US

Between 2018 and 2021, Bolivia and Paraguay were the main sources for imports in value terms, jointly accounting for 86.9% of total flows, while other markets made up the remainder.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Brazil in value, 2018-2021