Brazil: Wood product exports increase 30.5% in February 2021

Photo: Ksenia Chernaya / Pexels

In February 2021, Brazilian exports of wood-based products (except pulp and paper) increased 30.5% in value compared to February 2020, from US$216.1 million to US$282.0 million.

Pine sawnwood exports grew 16% in value between February 2020 (US$9.9 million) and February 2021 (US$46.2 million). In volume, exports increased 9% over the same period from 218,800 cu.m to 238,500 cu.m.

Tropical sawnwood exports declined 8% in February from 32,600 cu.m in February 2020 to 30,100 cu.m in February 2021. In value, exports fell 13% from US$14.5 million to US$12.6 million over the same period.

Pine plywood exports surged 75% in value in February 2021 in comparison with February 2020, from US$36.1 million to US$63.3 million. In volume terms, exports increased 17% over the same period, from 165,800 cu.m to 194,500 cu.m.

As for tropical plywood, export volumes remained flat but export earnings rose 15% (from 5,200 cu.m, US$2.0 million in February 2020 to 5,200 cu.m, US$2.3 million in February 2021).

Wooden furniture export earnings increased from US$43.3 million in February 2020 to US$55.1 million in February 2021, a 27% year-on-year rise. Sales of Brazilian furniture to the United States have grown over the last two years.

Continuing the positive export trend last year, furniture exports in January 2021 grew by 37% compared to the same month in 2020 according to ABIMÓVEL (Brazilian Furniture Industry Association) and Apex-Brasil (Brazilian Trade and Investment Promotion Agency).

Specifically, the wooden furniture segment growth was 36%.

In January 2021, there was a significant increase in trade with buyers from the United States (57%), Chile (169%), Peru (85%) and Puerto Rico (178%).

On the other hand, there was a drop in exports to two neighbouring countries: Paraguay (-3%) and Colombia (-9%). Exports to the United Kingdom, the second largest destination, grew below average but remained positive at the beginning of the year (6%).

Looking only at exports to the United States, these grew significantly in terms of value in 2020, US$270.2 million, an increase of 12%. In the comparison between January 2019 and January 2021, the growth reaches 89%. The state of Florida is the largest gateway for Brazilian furniture.

Source: International Tropical Timber Organization Tropical Timber Market Report