Brazilian exports partially signal falling unit prices

Fonte:
ITTO/Fordaq
Vizualizações:
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In May 2020, the value of Brazilian exports of wood-based products (except pulp and paper) dropped 13.5% compared to May 2019, from US$ 273.3 million to US$ 236.3 million. The value of pine sawnwood exports declined 9% between May 2019 (US$47.7 million) and May 2020 (US$43.3 million). In terms of volume exports increased almost 7% over the same period, from 235,000 m3 to 250,700 m3 signalling falling unit prices. Tropical sawnwood export also dropped sharply (-33% in volume), from 52,200 m3 in May 2019 to 35,200 m3 in May 2020. However the value of exports dropped just 31% from US$20.9 million to US$14.5 million, over the same period.

The value of pine plywood exports fell 16% in May 2020 in comparison with May 2019, from US$47.1 million to US$39.6 million and there was a corresponding fall in the volume of exports over the same period, from 181,500 m3 to 155,800 m3. Tropical plywood exports declined almost 60% in volume and 54% in value, from 9,100 m3 (US$3.5 million) in May 2019 to 4,000 m3 (US$1.6 million) in May 2020.

Meanwhile exports of wooden furniture fell from US$48.2 million in May 2019 to US$31.8 million in May 2020, a 34% tumble. Between January and April 2020 Brazil’s furniture exports fell 10% year on year due to the impact of the pandemic on global trade. Analysts are forecasting another weak year for furniture exporters.

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