Roundwood coniferous market in Colombia

Earlier Report Observations

The coniferous roundwood market in Colombia experienced significant fluctuations between 2018 and 2020. Market volume stood at 2 200 thousand m³ in 2018, supported by sustained forestry growth driven by timber demand and public policies focused on sustainable forest development. After a sharp drop to 1 446 thousand m³ in 2019, the market recovered to 2 262 thousand m³ in 2020, aided by the persistence of policies promoting commercial forest plantations as a production base.

From 2021, the market entered a downward trend. Volume fell to 2 079 thousand m³ in 2021, coinciding with disincentives in the forest network that reduced young planted areas. The decline continued to 1 869 thousand m³ in 2022, exacerbated by rising insecurity affecting timber production and mobilization, the withdrawal of tax benefits for new plantations and sawmills, and export restrictions such as the ban on teak exports to India.

By 2023, the market volume stabilized at 1 876 thousand m³ despite a severe crisis in the timber industry that caused declines in related sectors like pulp and furniture. Industry calls for improved regulatory and security conditions followed. Looking ahead to 2024, sector discussions highlight ongoing challenges in timber mobilization, regulatory proposals including new tax incentives and security measures, and a shift in consumer preferences toward sustainable and recycled wood products.

Production coniferous roundwood in Colombia

In kind, 2017-2020, K m³

Top producers of coniferous roundwood, 2017-2020

World map of production of coniferous roundwood, 2017-2020

Colombia's roundwood coniferous production volume declined after two years of growth. In 2020, the country produced 2 346 K m³, marking a 2.8% decrease from 2019. Over the 2017-2020 period, production increased by 6.5%, with an average annual growth rate of 2.1%. The highest production level was recorded in 2019 at 2 415 K m³, while the largest year-on-year increase occurred in 2018 at 6.3%.

Annual dynamics of production in Colombia in kind, 2017-2020, K m³

Exports coniferous roundwood from Colombia

Exports in kind, K m³

The market experienced significant fluctuations during this period. Colombia's roundwood coniferous exports reached their lowest point in 2020 at 83.4 K m³, representing a dramatic 91.4% decline from the previous year. The peak export volume was recorded in 2019 at 969.5 K m³, with the largest year-on-year increase also occurring in 2019 at 572.4%. Overall, export levels varied 11.6 times between the 2019 high and 2020 low.

Annual dynamics of product's exports from Colombia in kind, 2017-2020, K m³

From 2017 to 2020, Singapore dominated Colombia's roundwood coniferous exports in volume terms, accounting for 70.3% of total shipments. The remaining exports were distributed among various other trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Colombia in kind, 2017-2020

Exports in value, K $ US

The market showed considerable instability throughout this timeframe. Colombia's roundwood coniferous export value reached its minimum in 2017 and peaked in 2019, representing an 11.8-fold difference between these years. In 2020, exports totaled 6 882 K US dollars, a 52.8% decrease from the previous year. The highest export value was recorded in 2019 at 14 566 K US dollars, while the largest year-on-year increase occurred in 2018 at 967.2%.

Annual dynamics of product's exports from Colombia in value, 2017-2020, K $ US

Between 2017 and 2020, China, India, and Vietnam collectively represented 90.0% of Colombia's roundwood coniferous export value. China accounted for 40.6% of exports, India for 29.6%, and Vietnam for 19.8%, making these three countries the primary destinations for Colombia's roundwood coniferous exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Colombia in value, 2017-2020

Imports coniferous roundwood to Colombia

Imports in kind, K m³

Colombia's roundwood coniferous import volume declined for the second consecutive year. In 2019, imports amounted to approximately 0.7 K m³, representing a 17.9% decrease from the previous year. Between 2017 and 2019, imports fell by 65%, equivalent to an annualized decline rate of 29.5%.

Annual dynamics of product's imports to Colombia in kind, 2017-2020, K m³

From 2017 to 2020, the United States served as the primary source for Colombia's roundwood coniferous imports in volume terms, consistently accounting for 96.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Colombia in kind, 2017-2020

Imports in value, K $ US

Colombia's roundwood coniferous import value declined for the second year in a row. In 2019, imports were recorded at 401 K US dollars, reflecting a sharp 35.3% decrease from the prior year. Over the 2017-2019 period, import value decreased by 71.3%, with an average annual decline rate of 34.0%.

Annual dynamics of product's imports to Colombia in value, 2017-2020, K $ US

Between 2017 and 2020, the United States was overwhelmingly the main source for Colombia's roundwood coniferous imports in value terms, accounting for 98.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Colombia in value, 2017-2020