Colombia: Roundwood Market 2024

Roundwood Market Size in Colombia

The Colombian roundwood market dropped significantly to $X in 2023, with a decrease of X% against the previous year. In general, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Roundwood Production in Colombia

In value terms, roundwood production shrank significantly to $X in 2023 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Roundwood Exports

Exports from Colombia

Roundwood exports from Colombia soared to X cubic meters in 2023, jumping by X% on 2022. In general, exports recorded a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, roundwood exports stood at $X in 2023. Overall, exports posted a modest increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

India (X cubic meters) was the main destination for roundwood exports from Colombia, with a X% share of total exports. Moreover, roundwood exports to India exceeded the volume sent to the second major destination, Singapore (X cubic meters), fourfold. The third position in this ranking was held by China (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and China (X% per year).

In value terms, India ($X) remains the key foreign market for roundwood exports from Colombia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the average roundwood export price amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Singapore ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Colombia

In 2023, the amount of roundwood imported into Colombia soared to X cubic meters, picking up by X% compared with the year before. Over the period under review, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, roundwood imports soared to $X in 2023. In general, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Chile (X cubic meters), Belgium (X cubic meters) and Panama (X cubic meters) were the main suppliers of roundwood imports to Colombia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Chile ($X) and Panama ($X) constituted the largest roundwood suppliers to Colombia, together accounting for X% of total imports.

Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2023, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform