Uruguay: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Uruguay

After four years of growth, the Uruguayan wood flat pallet market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Wood Flat Pallet Production in Uruguay

In value terms, wood flat pallet production contracted to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Wood flat pallet production peaked at $X in 2021, and then fell in the following year.

Wood Flat Pallet Exports

Exports from Uruguay

In 2022, shipments abroad of flat pallets and pallet collars of wood increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wood flat pallet exports reached $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Free Zones (X units) was the main destination for wood flat pallet exports from Uruguay, with a X% share of total exports. Moreover, wood flat pallet exports to Free Zones exceeded the volume sent to the second major destination, France (X units), twofold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Norway (X% per year).

In value terms, France ($X), Free Zones ($X) and Norway ($X) appeared to be the largest markets for wood flat pallet exported from Uruguay worldwide, together comprising X% of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood flat pallet export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Uruguay

In 2022, after two years of growth, there was significant decline in supplies from abroad of flat pallets and pallet collars of wood, when their volume decreased by X% to X units. In general, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wood flat pallet imports soared to $X in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X units), Spain (X units) and Chile (X units) were the main suppliers of wood flat pallet imports to Uruguay, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Uruguay, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average wood flat pallet import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price saw perceptible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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