WOOD PRODUCTS AND PANELS

www.euwid-wood-products.com · 28.04.2021

ISSUE 16/2021 OF 21.04.2021 PAGE 1

Chilean plywood exports increase slightly in 2020

In the 2020 financial year, Chile exported a total volume of 451,920t (2019: 446,790t) plywood. According to export
statistics published by Instituto Forestal (Infor), Santiago de Chile, a decrease vis à vis the comparative period was
recorded concerning export deliveries between January and March (-17.9% to 98,317t); this had also been the case in
each of the three preceding quarters. Subsequently, exports had increased until the end of the year. Starting from a
comparatively low initial value, the highest growth rate was achieved in the second quarter (+15.0%). The 113,638t
exported during this quarter could also be exceeded in the third (+2.8% to 123,419t) and fourth (+7.7% to 116,546t)
quarters. With the positive development in the fourth quarter, the export volume for the entire year rose by 1.1%. Per
end of September the volume had still been 1.0% short of the preceding year‘s figure.

Although average export prices for the entire year declined by 0.8% to US$785/t (791/t) FOB, the value of exports was
also slightly above the level of the preceding year. At US$354.6m (343.2m), the value rose by 0.4% vis à vis 2019. This
development is largely due to significantly higher December prices which, at US$921.8/t FOB, considerably exceeded
the average for the year. According to Infor, the export value per end of November had still been 2.0% below the
comparative figure.

US customers purchased a total volume of 234,451t (220,636t) Chilean radiata pine plywood at a value of US$193.3m
(180.1m) last year. As a proportion of total Chilean exports, this represents 51.9% (49.4%) in terms of volume and
54.9% (51.0%) in terms of value, meaning the importance of US customers for Chilean plywood manufacturers active in
export business has increased further. Decreases were recorded in exports to Mexico, in terms of both volume (-8.2%
to 44,300t) and export value (-12.4% to US$29.0m). The Netherlands further reinforced its position as the most
important European sales market. The volume exported to the Netherlands rose by 8.6% to 32,000t (29,461t); the value
of these deliveries increased at a comparable rate of 6.0% to US$24.0m (22.7m). Denmark achieved considerably
stronger growth. At a volume of 19,143t (14,846t) and a value of US$15.1m (12.1m), the preceding year‘s figures were
exceeded by 28.9% and 24.7% respectively. Accordingly, Denmark - along with Australia (-4.8% to 17,321t) and Italy
(-8.7% to 15,065 t) - pulled ahead of Great Britain, which in 2020 purchased just 12,877t (19,337t) Chilean radiata pine
plywood and thus approximately one-third less than in the preceding year. The value of the deliveries to the latter three
countries was not indicated by Infor in the current statistics.

Licensed for Pablo Carrasco CMPC MADERAS S.A.

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