Chilean Wood Products Export To Shrink

New York, US: Chilean forestry exports total $5.3 billion by value in 2016, three percent less than 2015, as supply has increased and the economies of key export markets remain sluggish, according to Maritime Logistics.

 

The Chilean Wood Corporation (Corma) said in a statement that exports in 2017 would remain steady or rise slightly to the $5.3 billion to $5.4 billion range.

"The three percent fall in the total amount is due principally to declines in international prices for the principal forest products, while there has been an increase in exported volumes," Corma President Fernando Raga said in a statement.

The corporation predicted prices for long fibre products would begin to rise in the second half of 2017. Short fibre products would likely end 2017 at price levels similar to 2016, it said, as new projects expand production.

Chile's forest products industry is the nation's second biggest by exports after copper mining.

 

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