The import value of specified lumber to Brazil has shown a consistent decline from 2017 to 2021, with reductions by nearly 50% or more each consecutive year. This trend results in a compound annual growth rate (CAGR) of approximately -29.37% over the five-year period, reflecting significant downward pressure on imports.
By 2023, the trends suggest that the value has potentially decreased even further, though exact figures are not provided for this year. The reasons could include shifts in domestic lumber demand, changes in global supply chains, or economic adjustments impacting trade policies and costs.
Future trends to watch for:
- Potential policy changes in Brazil that may affect import tariffs or quotas.
- Economic developments that could either improve or impede market accessibility.
- Fluctuations in global lumber prices or supply chain disruptions.
