Chilean forestry products exports to fall in 2016

Chile’s forestry exports are expected to fall 3 percent to $5.3 billion in 2016 due to increased supply and sluggish sales from key export markets, according to the Chilean Wood Corporation (Corma).

Exports in 2017 will either remain steady or rise marginally between $5.3 – $5.4 billion.

“The 3 percent fall in the total amount is due principally to declines in international prices for the principal forest products, while there has been an increase in exported volumes,” Corma President Fernando Raga said in a statement.

Prices for long fibre products will begin to rise in the second half of 2017 while short fibre products would likely end 2017 at price levels similar to 2016, the industry body said.

Chile’s forestry industry is the country’s second largest by exports after copper mining.

 

Source: Maritime Logistics Professional