Exports & imports exports increase in exports exports increase Bank of Guatemala Lumber furniture wooden floors Afforestation Agronomy Furniture & Wood International Commerce Manufacturing agroforestry manufactoring

Guatemala: Manufactured Wood Exports Increase by 20%

Foreign sales of wood products up to July increased by $718 million, equivalent to 19.8%.

Thursday, September 29, 2011

Data from the Bank of Guatemala indicates that total exports for July amounted to $4,347 million.

The main markets for Guatemalan furniture are Central America, the United States and Europe.

The president of the Furniture Manufacturers Committee and Forest Products (COFAM) of the Guatemalan Association of Exporters (Agexport), Carlos Porras, told Siglo21.com.gt that "... the increase is due to two factors: one is that product demand has increased and the other is projections of a more dynamic economy. "

Source: sigloxxi.com

Key entities

Bank of Guatemala Comisión de Productos Forestales y Fabricantes de Muebles

Countries

Guatemala

Insight

furniture Lumber wooden floors Afforestation agroforestry exports increase increase in exports exports exports Manufacturing manufactoring Manufacturing Agronomy Exports & imports

More Guatemalan Furniture Goes to U.S.

May 2012

The export of furniture and wood products from Guatemala shows a growth of 25% from January to March 2012.

An improved U.S. economy is proving positive for the timber sector in Guatemala. The growth of exports from January to March 2012, is equivalent to $21 million.

"Ivar Pérez, Executive at the Furniture Manufacturers Committee (Cofama) of the Guatemalan Exporters' Guild and president of Muebles Sinai, agreed that the reactivation of the U.S. construction industry is favorable for Guatemala. As stated, the growing demand has caused inventories to become depleted and orders have increased," reported Prensalibre.com.

Guatemala Exports 16% More in Wood

February 2012

The business sector reported sales of $80 million in 2011, mainly of furniture.

Businessmen dealing in wood and furniture at the Guatemalan Association of Exporters (Agexport) reported sales of $80.46 million in 2011.

The figure represents 16.35% more than in 2010, when sales totaled $69.15 million reported PrensaLibre.com.

Lumber supply crisis in Costa Rica

August 2008

Experts point out that due the lack of foresight and control by the authorities, there has been an increase in the demand for lumber for construction and for export.

Some of the sectors involved have even proposed that instead of strengthening the forestry sector, lumber should be imported.

The Timber Business in Panama

September 2011

The country has reforested about 75 thousand hectares in the last 15 years after the establishment in 1992 of the law on incentives for reforestation.

In the last year the volume of exports multiplied by 13, up from 797 tonnes to 11,200 tons, with a total value of $2.5 million.

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