Ñuble Region Sees Stunning 178% Surge in Forestry and Agricultural exports in 2024
The Ñuble region has emerged as a powerhouse in foreign trade, with its forestry and agricultural exports skyrocketing to $1,154 million in 2024. This marks a staggering 178% increase compared to 2023, signaling a robust recovery for the region’s economy after a challenging year.
According to the Odepa report, which utilized data from the Directorate of Customs, the dramatic rebound follows a sharp decline in 2023, when exports plummeted to $414.9 million. The recovery was particularly driven by the resurgence of forestry shipments, including pulp and wood, which had suffered significant setbacks the previous year.
Forestry Exports: A Remarkable Turnaround
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The forestry sector was the star performer in 2024, with shipments totaling $772.5 million—a jaw-dropping 1,297% increase from 2023. Pulp exports, which account for 41% of the region’s total forestry and agricultural exports, reached $469.9 million, up 3,834% from the previous year’s $11.9 million.Though, this figure still falls short of the 2022 peak of $646.9 million.
Processed wood exports also saw a meteoric rise, growing by 1,557% to $186.4 million, while sawn wood shipments increased by 299% to $111.5 million. These figures underscore the region’s ability to capitalize on its natural resources and meet global demand for high-quality wood products.
Agricultural Exports: Steady Growth amid Challenges
On the agricultural front,exports grew by 6.1% to $381.90 million.The processed fruit sector,particularly frozen products,played a pivotal role,with shipments reaching $137.5 million—a 6.9% increase from 2023. Despite this growth,the sector has yet to surpass its 2022 record of $187.1 million.
Fresh fruit exports also shone brightly, climbing 37.3% to $90.7 million, thanks to improved production conditions and market dynamics. This marks the region’s best performance in fresh fruit exports, even surpassing the 2021 record of $85.5 million.
Though, not all agricultural sectors fared equally well. The sowing sector, heavily influenced by production and market conditions in the Northern Hemisphere, saw a 28.1% decline, with exports dropping to $42.6 million. Livestock shipments, while increasing by 121.8% to $1.18 million, also fell short of the 2021 benchmark.
A Look Back: The Road to Recovery
The 2024 figures highlight a remarkable turnaround for the Ñuble region, which had faced significant challenges in 2023. The sharp decline in forestry exports that year set the stage for the dramatic increases seen in 2024, as the region capitalized on renewed demand and improved market conditions.
Key Takeaways: A Summary of Ñuble’s Export Performance
| Sector | 2024 Exports (USD) | change from 2023 |
|———————-|————————|———————–|
| Forestry total | $772.5 million | +1,297% |
| Pulp Exports | $469.9 million | +3,834% |
| Processed Wood | $186.4 million | +1,557% |
| Sawn Wood | $111.5 million | +299% |
| Agricultural Total | $381.90 million | +6.1% |
| Processed Fruit | $137.5 million | +6.9% |
| Fresh Fruit | $90.7 million | +37.3% |
| Sowing Sector | $42.6 million | -28.1% |
| Livestock | $1.18 million | +121.8% |
What’s Next for Ñuble?
The Ñuble region has demonstrated its resilience and potential for growth, particularly in the forestry sector. However, challenges remain, especially in the agricultural sector, where external factors like global market conditions continue to play a significant role.
As the region looks to the future, stakeholders are optimistic about sustaining this momentum. By leveraging its natural resources and fostering innovation, Ñuble is poised to reclaim and even surpass its previous export highs.
For more insights into the region’s economic trends, explore the latest updates on Ñuble’s export performance and its impact on global markets.
Ñuble’s Forestry and Agricultural Exports Surge in 2024, Marking a Year of Economic Revival
The Ñuble region in Chile has witnessed a remarkable economic resurgence in 2024, driven by a staggering increase in forestry and agricultural exports. According to the latest data, the forestry sector alone experienced a global change of 1297.9%, a testament to its revival and growing contribution to the regional economy.
A Record-Breaking Year for Forestry
Erick Solo de Zaldívar, the Seremi of Economy of Ñuble, highlighted the sector’s impressive performance, stating, “The data show a significant increase in the export of pulp and wood in 2024 compared to 2023.This revival underscores the sector’s importance to the regional economy.”
However,Solo de Zaldívar also emphasized the need for diversification. “These numbers confirm the need to diversify our export matrix.It is essential to reduce dependence on a few sectors and the concentration of destination markets,” he said. To achieve this, the region is leveraging regional instruments executed by Corfo and financed by the Regional Government, which aim to encourage investments in emerging sectors like software advancement while adding value to traditional industries such as agriculture.
Agricultural Exports Show steady Growth
While the forestry sector stole the spotlight, agricultural exports also saw a 6.1% growth, primarily driven by processed fruits. Solo de Zaldívar noted, “Although this growth is positive, we know that it could have been more. There are still significant opportunities for diversification of markets and products.”
To capitalize on these opportunities, the region is investing in infrastructure and technology.“The investment attraction program will implement key projects,such as the construction of new processing plants in Ñuble,and promote the introduction of technologies to add value to products like cherries and chestnuts,” he explained. These initiatives are expected to bolster the sector’s performance in 2025, especially with the opening of new markets in asia and Europe.
Ñuble leads National Growth
Antonio Arriagada, the Seremi of Agriculture, echoed these sentiments, stating, “The results of forestry and agricultural exports confirm that 2024 has been a year of economic reactivation for the Ñuble region.”
Despite leading the country in growth, Ñuble’s participation in national forestry and agricultural exports remains modest at 5.6%. Arriagada attributed the rebound to the recovery of international markets, particularly in the forestry sub-sector. “This rebound is largely due to the recovery of international markets in the forestry sub-sector, especially in wood and pulp,” he said.
Key Export Destinations
china emerged as the primary destination for Ñuble’s exports, accounting for 36% of total shipments valued at $417.8 million. The United States followed closely, representing 27% of exports with $316.1 million. Other significant markets included South Korea ($71.9 million),Mexico ($52.6 million),and Canada ($46.9 million).
| Destination | Export Value (USD) | Share of Total Exports |
|——————|————————|—————————-|
| China | $417.8 million | 36% |
| United States | $316.1 million | 27% |
| South Korea | $71.9 million | 6% |
| Mexico | $52.6 million | 5% |
| Canada | $46.9 million | 4% |
Looking Ahead
The Ñuble region’s economic revival in 2024 is a promising sign of its potential.Though, as authorities have pointed out, diversification remains critical to sustaining this growth. By investing in infrastructure, technology, and new markets, Ñuble is positioning itself for a stronger and more resilient future.
For more insights into Chile’s export trends, explore the latest reports from Odepa and stay updated on regional developments through Corfo’s initiatives.
What are your thoughts on Ñuble’s economic resurgence? Share your views in the comments below!
By the processed fruit sector, which increased by 6.9% to $137.5 million. Fresh fruit exports also performed exceptionally well, rising by 37.3% to $90.7 million, marking the region’s best performance in this category. However, not all agricultural sectors thrived. The sowing sector, heavily influenced by external market conditions, experienced a 28.1% decline, with exports dropping to $42.6 million. Livestock exports, while increasing by 121.8%, remained modest at $1.18 million.
Key Drivers of Growth
The dramatic rebound in forestry exports, particularly pulp and wood products, was the primary driver of Ñuble’s economic revival in 2024. Pulp exports alone surged by 3,834% to $469.9 million, while processed wood and sawn wood exports grew by 1,557% and 299%, respectively. This recovery was fueled by improved global demand, favorable market conditions, and the region’s ability to capitalize on its natural resources.
Challenges and Opportunities
Despite the impressive growth, challenges remain. The agricultural sector, while showing steady growth, has yet to surpass its 2022 peak in processed fruit exports. Additionally,the sowing sector’s decline highlights the vulnerability of certain industries to external market fluctuations. To address these challenges, regional stakeholders are focusing on diversification and innovation. Initiatives led by Corfo and the Regional Government aim to promote investments in emerging sectors like software development while enhancing the value of traditional industries such as agriculture.
Looking Ahead
The Ñuble region’s export performance in 2024 underscores its resilience and potential for sustained growth. By leveraging its natural resources, fostering innovation, and diversifying its export portfolio, Ñuble is well-positioned to build on its recent successes. Stakeholders remain optimistic about the region’s ability to reclaim and even surpass previous export highs, ensuring long-term economic stability and prosperity.
For more detailed insights into Ñuble’s export trends and economic strategies, explore the latest updates on Ñuble’s export performance and its impact on global markets.
