Uruguay: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in Uruguay

The Uruguayan market for wood chips, particles and residues skyrocketed to $X in 2021, surging by X% against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Wood Chips, Particles And Residues in Uruguay

In value terms, wood chips, particles and residues production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight descent. Wood chips, particles and residues production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Wood Chips, Particles And Residues

Exports from Uruguay

In 2021, overseas shipments of wood chips, particles and residues were finally on the rise to reach X cubic meters after two years of decline. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wood chips, particles and residues exports fell notably to $X in 2021. Over the period under review, exports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X cubic meters) was the main destination for wood chips, particles and residues exports from Uruguay, accounting for a X% share of total exports. Moreover, wood chips, particles and residues exports to Portugal exceeded the volume sent to the second major destination, Free Zones (X cubic meters), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and China (X% per year).

In value terms, the largest markets for wood chips, particles and residues exported from Uruguay were Portugal ($X), China ($X) and Free Zones ($X).

China, with a CAGR of X%, recorded the highest growth rate of 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

In 2021, the average export price for wood chips, particles and residues amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, the export price showed a dramatic contraction. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Free Zones ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips, Particles And Residues

Imports into Uruguay

Wood chips, particles and residues imports into Uruguay reduced modestly to X cubic meters in 2021, approximately reflecting the year before. In general, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues imports declined dramatically to $X in 2021. Overall, imports recorded a sharp decline. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X cubic meters) constituted the largest wood chips, particles and residues supplier to Uruguay, with a X% share of total imports. Moreover, wood chips, particles and residues imports from Germany exceeded the figures recorded by the second-largest supplier, Chile (X cubic meters), tenfold. The third position in this ranking was taken by France (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and France (X% per year).

In value terms, Chile ($X), Germany ($X) and the United States ($X) were the largest wood chips, particles and residues suppliers to Uruguay.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for wood chips, particles and residues stood at $X per cubic meter in 2021, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2020, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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