Wood in the rough market in Paraguay

Earlier Report Observations

The market for wood in the rough in Paraguay grew steadily from 2018 to 2020, with volume increasing from 7.5 million tons to 7.6 million tons. This expansion was supported by the forestry sector's focus on becoming a key economic driver, emphasizing sustainability and the rising use of wood in construction, alongside the growing role of reforested species like eucalyptus and pine.

Growth continued from 2021 to 2023, with market volume reaching 7.9 million tons by 2023. A major catalyst was the 45% surge in exports of wood products in 2021, fueled by strong international demand for reforested timber, particularly eucalyptus. In 2022, highly profitable investments in forest plantations and the expansion into new export markets, such as Mexico and Thailand, further sustained production and market volume.

Infrastructure improvements, including road paving in the Chaco region, enhanced access to timber-producing areas, facilitating logistics and export activities. The sector also saw ongoing investments in cloned eucalyptus plantations, reflecting continued confidence in the forestry value chain.

Production wood in the rough in Paraguay

In kind, 2018-2021, K t

Top producers of wood in the rough, 2018-2021

World map of production of wood in the rough, 2018-2021

Paraguay's production of wood in the rough has grown for the third year in a row. In 2021, the country produced 7 711 thousand tonnes, marking a 1.0% increase from the previous year. Looking at the period from 2018 to 2021, overall production rose by 3%, with an average annual growth rate of 1.0%.

Annual dynamics of production in Paraguay in kind, 2018-2021, K t

In value, 2018-2021, M $ US

After two years of growth, the value of wood in the rough production in Paraguay declined. In 2021, output was valued at 1 816 million US dollars, down 13.1% from a year earlier. Between 2018 and 2021, however, production value increased by 15.8%, translating to an annualized rate of 5.0%. The highest value was recorded in 2020 at 2 091 million US dollars, with the largest increase of 30.6% also occurring that year.

Annual dynamics of production in Paraguay in value, 2018-2021, M $ US

Exports wood in the rough from Paraguay

Exports in kind, t

Paraguay's exports of wood in the rough have increased for the second consecutive year. In 2021, the country exported 12 247 tonnes, showing a sharp gain of 49.7% year-over-year. From 2018 to 2021, exports grew by 43.9%, with an average annual growth rate of 12.9%. The lowest volume was recorded in 2019 at 7 145 tonnes, which also saw the largest decline of 16.1%.

Annual dynamics of product's exports from Paraguay in kind, 2018-2021, t

Between 2018 and 2021, Uruguay, France, and Brazil dominated the structure of exports in kind. Uruguay accounted for 55.5% of exports, France for 20.9%, and Brazil for 12.1%, together representing 88.5% of total flows.

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

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

Exports in value, K $ US

The value of wood in the rough exports from Paraguay has risen for the second year in a row. In 2021, exports totaled 2 884 thousand US dollars, reflecting an uptick of 28.7% compared to the previous year. Between 2018 and 2021, export value increased by 61.6%, equating to an annualized rate of 17.4%. The lowest value was recorded in 2019 at 1 513 thousand US dollars, with the largest decline of 15.2% also in that year. The largest increase occurred in 2020 at 48.0%.

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

From 2018 to 2021, Uruguay and France played the leading roles in exports in value terms, together accounting for 87.3% of total flows, while the remaining share was distributed among other countries.

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

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

Imports wood in the rough to Paraguay

Imports in kind, t

Paraguay's imports of wood in the rough have increased for the second consecutive year. In 2021, imports stood at 1 663 tonnes, indicating a substantial increase of 340.3% compared to 2020. Over the period from 2019 to 2021, imports surged by 750%, with an average annual growth rate of 104.1%.

Annual dynamics of product's imports to Paraguay in kind, 2018-2021, t

Between 2018 and 2021, imports in kind of wood in the rough to Paraguay were almost entirely tied to Argentina, which accounted for 98.8% of total flows.

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

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

Imports in value, K $ US

The value of wood in the rough imports to Paraguay has increased for the second consecutive year. In 2021, import volume reached 230 thousand US dollars, indicating a rise of 252.0% compared to the previous year. Between 2019 and 2021, imports grew by 497.3%, equating to an annualized rate of 81.4%.

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

From 2018 to 2021, wood in the rough imports to Paraguay were largely oriented towards Argentina, whose share in total imports in value terms reached 98.1%.

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

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