In October 2019, the Brazilian exports of wood-based products (except pulp and paper) declined almost 27% in value compared to October 2018, from $272.5 million to $199.1 million, as ITTO reported.
The value of pine sawnwood exports dropped by a third between October 2018 ($50.4 million) and October 2019 ($33.5 million). In terms of volume, exports dropped 28% over the same period, from 244,100 cubic metres to 175,500 cubic metres.
Following this trend, the volume of tropical sawnwood exports also fell over 30% from 52,400 cubic metres in October 2018 to 36,400 cubic metres in October 2019. The value of October exports also fell 30% from $20.6 million to $14.4 million over the same period.
The downturn in October plywood exports was even more severe, dropping almost 40% in value in comparison with October 2018, from $55.7 million to $33.7 million. The volume of exports dropped but only by around 12% indicating a strong downward pressure on prices.
Tropical plywood exports also declined in October, in volume terms exports fell 42% and in value the decline was even sharper (-50%), from 12,800 cubic metres ($5.4 million) in October 2018 to 7,400 cubic metres ($2.7 million) in October 2019.
Wooden furniture export earnings declined from $48.3 million in October 2018 to $46.6 million in October this year.