It appears that the Caribbean market trend is moving into new territory farther south into some Central American countries. The most notable is Belize. While a relatively small market, Belize possesses several attributes that make it a favorable location for development. On one hand, it is both politically and economically stable. Perhaps more important to the tourism industry, Belize possesses a wide variety of attractions such as rain forests, Mayan ruins and world-class scuba diving. As a result, more and more tourists are heading for Belize and more and more resorts are being built to handle them.
The increased emphasis on tourism in Belize has not gone unnoticed by the U.S. wood industry. Trade statistics clearly show this. For example, in the first seven months of 1999, U.S. softwood lumber sales to Belize totaled $7,000. For that same period in 2000, sales stand at $2.8 million.
A similar trend is seen when examining sales of softwood plywood. Sales in the first seven months of 1999 totaled $861,000 and for the same period in 2000 they total $5.7 million. It’s uncertain whether this high volume of sales will continue, but all indications seem to point that way.
In addition, tourism is becoming more important in the economies of other Central American countries such as Guatemala, Panama and Costa Rica.

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