The International Tropical Timber Organization (ITTO) has reported that in October 2020, the value of Brazilian exports of wood-based products (except pulp and paper) increased 32% compared to October 2019, from US$222.6 million to US$293.7 million.
The value of October pine sawnwood exports increased 29% year-on-year from US$36.6 million in 2019 to US$47.1 million this October. In volume terms, exports increased 40.6% over the same period, from 190,600 cubic metres to 267,900 cubic metres.
On the other hand, tropical sawnwood exports fell 2.4% in volume, from 41,200 cubic metres in October 2019 to 40,200 cubic metres in October 2020, and in value terms exports declined 4% from US$16.6 million to US$15.9 million over the same period.
Pine plywood exports achieved a massive 60% boost in October 2020 in comparison with October 2019, rising from US$37.6 million to US$60 million. The volume of exports jumped around 23% from 169,100 cubic metres to 207,900 cubic metres.
However, the volume of October tropical plywood exports dropped 21% year-on-year from 8,000 cubic metres (US$2.9 million) in October 2019 to 6,300 cubic metres (US$2.6 million) in October 2020.
Wooden furniture export earnings increased 13%, from US$50.5 million in October 2019 to US$57.2 million in October 2020.
Source: ITTO Tropical Timber Market Report
