Earlier Report Observations
The coniferous roundwood market in Nicaragua began the period at 762 thousand m³ in 2018, a level supported by regulatory measures from the National Forestry Institute (INAFOR). These included the approval of permits for natural forest harvesting and export certificates, alongside the launch of national guidelines for wood waste management and the Eco-Wood plan to promote sustainable small and medium enterprises. After a decline to 711 thousand m³ in 2019, the market volume recovered to 772 thousand m³ in 2020.
Market volume then gradually contracted to 748 thousand m³ by 2022. This coincided with growing industry challenges, particularly the need for FSC and FLEGT certifications to access the European Union market under the pending Association Agreement, which placed new compliance demands on producers. During this time, companies like MLR Forestal executed their first exports of certified plantation teak, reflecting a sectoral shift towards sustainable, internationally marketable wood. By 2023, the market stabilized at 748 thousand m³.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Nicaragua
- 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, K m³
- 5.1.2. Annual dynamics of production in Nicaragua in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Nicaragua
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, m³
- 6.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, m³
- 6.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, m³
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/m³
- 6.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/m³
- 6.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/m³
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, m³
- 6.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, m³
- 6.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, m³
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/m³
- 6.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/m³
- 6.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/m³
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, m³
- 7.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, m³
- 7.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, m³
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/m³
- 7.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/m³
- 7.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/m³
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, m³
- 7.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, m³
- 7.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, m³
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/m³
- 7.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/m³
- 7.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/m³
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, m³
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, m³
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production coniferous roundwood in Nicaragua
In kind, 2017-2020, K m³
Top producers of coniferous roundwood, 2017-2020
World map of production of coniferous roundwood, 2017-2020
In 2019, Nicaragua's production of roundwood coniferous reached its lowest point at 703.2 thousand cubic meters, marking a 5.5% decline. However, by 2020, production rebounded to 767.9 thousand cubic meters, showing a modest year-over-year increase of 9.2%. Over the entire 2017-2020 period, production grew by 3.2%, with an average annual growth rate of 1.0%.
Annual dynamics of production in Nicaragua in kind, 2017-2020, K m³
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.0%) | (5.5%) | 9.2% | 1.0% |
Exports coniferous roundwood from Nicaragua
Exports in kind, m³
Nicaragua's exports of roundwood coniferous dropped sharply to just 0.3 cubic meters in 2018, representing a 97.4% decrease compared to 2017.
Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, m³
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (97.4%) | n/a | n/a | - |
Structure of product's exports in kind by countries, 2017-2020
Exports in value, K $ US
In 2018, the value of roundwood coniferous exports from Nicaragua fell to 0.1 thousand US dollars, a steep reduction of 91.1% from the previous year.
Annual dynamics of product's exports from Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (91.1%) | n/a | n/a | - |
From 2017 to 2020, Nicaragua's exports in value terms were entirely dependent on Honduras, which accounted for 100% of total flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Nicaragua in value, 2017-2020
Imports coniferous roundwood to Nicaragua
Imports in kind, m³
Import volumes of roundwood coniferous into Nicaragua showed significant volatility from 2017 to 2020. The lowest point was in 2017, while the peak occurred in 2018 at 17 903 cubic meters, representing a 349.4% increase. In 2019, imports fell by 57.0%, and by 2020, they declined further to 4 188 cubic meters, down 45.6% year-over-year. Overall, import volumes varied 4.5 times between the low in 2017 and the high in 2018.
Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, m³
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 349.4% | (57.0%) | (45.6%) | 1.7% |
Between 2017 and 2020, the United States was the leading supplier of roundwood coniferous to Nicaragua, contributing 77.3% of total imports in volume. The remaining share was distributed among various other countries.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Nicaragua in kind, 2017-2020
Imports in value, K $ US
The value of roundwood coniferous imports into Nicaragua followed an unstable trend from 2017 to 2020. The highest value was recorded in 2018 at 3 703 thousand US dollars, a 129.5% increase. In 2019, imports dropped by 51.1%, and by 2020, they fell to 1 083 thousand US dollars, reflecting a 40.2% decline compared to 2019. Overall, import values changed by 3.4-fold between the peak in 2018 and the trough in 2020.
Annual dynamics of product's imports to Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 129.5% | (51.1%) | (40.2%) | (12.5%) |
From 2017 to 2020, the United States dominated Nicaragua's imports of roundwood coniferous in value terms, accounting for 76.5% of total flows. The rest was spread across several smaller markets.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Nicaragua in value, 2017-2020
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