Argentina: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Argentina

The Argentinian wood chips and particles market fell to $X in 2022, reducing by -13.4% against the previous year. In general, consumption recorded a slight contraction. Wood chips and particles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Argentina

In value terms, wood chips and particles production shrank to $X in 2022 estimated in export price. In general, production, however, showed a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 246%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports from Argentina

After three years of growth, shipments abroad of wood chips and particles decreased by -9.6% to X cubic meters in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 350% against the previous year. The exports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. In general, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 353% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X cubic meters) was the main destination for wood chips and particles exports from Argentina, accounting for a 56% share of total exports. Moreover, wood chips and particles exports to Brazil exceeded the volume sent to the second major destination, the United States (X cubic meters), threefold. The third position in this ranking was taken by Ireland (X cubic meters), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.3% per year) and Ireland (-4.3% per year).

In value terms, the largest markets for wood chips and particles exported from Argentina were Italy ($X), the United States ($X) and Ireland ($X), together comprising 64% of total exports. Brazil lagged somewhat behind, accounting for a further 5.4%.

Brazil, with a CAGR of +26.8%, 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 chips and particles export price stood at $X per cubic meter in 2022, rising by 67% against the previous year. In general, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 196% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Brazil ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips And Particles

Imports into Argentina

In 2022, supplies from abroad of wood chips and particles decreased by -19.6% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 185% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports rose modestly to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X cubic meters) was the main wood chips and particles supplier to Argentina, accounting for a 93% share of total imports. It was followed by Chile (X cubic meters), with a 2.6% share of total imports. The third position in this ranking was taken by France (X cubic meters), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from Uruguay totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+1.7% per year) and France (+4.5% per year).

In value terms, the largest wood chips and particles suppliers to Argentina were the United States ($X), France ($X) and Chile ($X), with a combined 89% share of total imports.

The United States, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, jumping by 27% against the previous year. In general, the import price posted resilient growth. The growth pace was the most rapid in 2019 when the average import price increased by 521% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2020 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per cubic meter), while the price for Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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