Brazil: growing demand for construction timber
Due to the growing demand for housing from Brazil's large population, construction activity in Brazil grew rapidly in the last years. Brazil is currently facing a shortage of seven million housing units, which is expected to reach more than 12 million by 2022 due to the country's rising population and rapid urbanization. This will drive demand for construction wood in the country.
Residential construction was the most-popular and fastest-growing end-user market in Brazil accounting for 63.6% of the country’s total construction wood market in 2011, following the market report "Construction Wood Industry in BRIC Countries" conducted by BRICDATA.
Residential construction was the most-popular and fastest-growing end-user market in Brazil accounting for 63.6% of the country’s total construction wood market in 2011, following the market report "Construction Wood Industry in BRIC Countries" conducted by BRICDATA.