Market research

Wood in the rough market in Latin America and the Caribbean

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Latin America and the Caribbean" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

After reaching 343.5 million tons in 2018, supported by rising disposable income and government initiatives for furniture manufacturing and residential construction, wood in the rough production in Latin America and the Caribbean declined to 330.8 million tons in 2019 due to bureaucratic barriers and high tax burdens that limited international competitiveness. The market recovered to 337.5 million tons in 2020, driven by increased demand for certified and sustainable timber alongside industry professionalization through training and certification.

Production accelerated to 351.6 million tons in 2021, partly because supply chain disruptions for wood panels in Brazil raised demand for raw timber, while a greater focus on sustainable practices and forest certification stimulated output. Growth continued to 363.8 million tons in 2022, fueled by regional demand for eco-friendly furniture and certified wood products. By 2023, production stabilized at 365.6 million tons as Peru emerged as a key tropical timber supplier and commercial missions helped diversify export markets.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean in kind, 2018-2023, M t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, M t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, M t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wood in the rough in Latin America and the Caribbean

In kind, 2017-2020, M t

Top producers of wood in the rough, 2017-2020

Source: SHEV.io

World map of production of wood in the rough, 2017-2020

Source: SHEV.io

In Latin America and the Caribbean, wood in the rough production reached 337.5 million tonnes in 2020, marking a 2.0% increase from the previous year. The lowest production level was recorded in 2019 at 330.8 million tonnes, while the peak occurred in 2018 with 343.5 million tonnes. The most significant annual decline was observed in 2019 at 3.7%, whereas the largest increase took place in 2018 with a 2.3% rise.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, M t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.3%	(3.7%)	2.0%	0.2%

Source: SHEV.io

In value, 2017-2020, M $ US

Wood in the rough production in Latin America and the Caribbean declined for the second consecutive year in value terms. In 2020, the output was valued at 28 657 million US dollars, representing a 2.9% decrease compared to the previous year. From 2017 to 2020, production value fell by 6.8%, averaging an annual decline of 2.3%. The highest value was recorded in 2018 at 32 765 million US dollars. The most substantial drop occurred in 2019 with a 9.9% decrease, while the largest increase was in 2018 at 6.6%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.6%	(9.9%)	(2.9%)	(2.3%)

Source: SHEV.io

Exports wood in the rough from Latin America and the Caribbean

Exports in kind, K t

Latin America and the Caribbean exported 12 137 thousand tonnes of wood in the rough in 2020, showing a 5.2% year-over-year increase. Between 2017 and 2020, exports grew by 13.2%, equivalent to an average annual rate of 4.2%. The largest decline was recorded in 2019 at 0.2%, while the most significant increase occurred in 2018 with a 7.8% rise.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.8%	(0.2%)	5.2%	4.2%

Source: SHEV.io

From 2017 to 2020, Free Zones and China were the primary buyers of wood in the rough from Latin America and the Caribbean, together accounting for 84.4% of total exports in volume. The remaining share was distributed among other countries.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, wood in the rough exports from Latin America and the Caribbean amounted to 1 031 million US dollars, showing only a marginal change compared to the previous year. Over the period from 2017 to 2020, export value increased by 5%, averaging an annual growth rate of 1.6%. The peak value was recorded in 2018 at 1 103 million US dollars. The largest decline occurred in 2019 with a 6.7% drop, while the most significant increase was in 2018 at 12.4%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.4%	(6.7%)	0.1%	1.6%

Source: SHEV.io

During 2017–2020, the main buyers of wood in the rough from Latin America and the Caribbean in value terms were Free Zones (54.8% of exports), China (20.2%), and India (16.2%). Together, these three markets represented 91.2% of total export value.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports wood in the rough to Latin America and the Caribbean

Imports in kind, K t

Wood in the rough imports into Latin America and the Caribbean declined for the third consecutive year. In 2020, imports reached 106 thousand tonnes, reflecting a sharp decrease of 23.3% compared to the previous year. From 2017 to 2020, import volume fell by 37.9%, with an average annual decline of 14.7%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.4%)	(8.8%)	(23.3%)	(14.7%)

Source: SHEV.io

From 2017 to 2020, the United States (54.6% of imports in volume), Central African Republic (1.6%), and Gabon (1.2%) were the principal suppliers of wood in the rough to Latin America and the Caribbean. Collectively, these three sources accounted for 57.4% of total imports in kind.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After two years of growth, wood in the rough imports into Latin America and the Caribbean declined. In 2020, imports totaled 45 million US dollars, corresponding to a sharp drop of 34.2% from the previous year. Over the 2017-2020 period, import value decreased by 21.8%, with a compound annual growth rate of -7.9%. The highest value was recorded in 2019 at 69 million US dollars, which also saw the largest increase at 13.1%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.2%	13.1%	(34.2%)	(7.9%)

Source: SHEV.io

Between 2017 and 2020, three key markets—the United States, Gabon, and Canada—collectively accounted for 68.7% of the total import value of wood in the rough into Latin America and the Caribbean.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io