Latin America and the Caribbean: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Latin America and the Caribbean

In 2021, the Latin American market for wood chips, parts, residues, pellets and other agglomerates decreased by -6.6% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Latin America and the Caribbean

In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports in Latin America and the Caribbean

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -11.4% to X cubic meters, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 29%. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates fell modestly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 21% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Chile represented the largest exporting country with an export of about X cubic meters, which reached 48% of total exports. It was distantly followed by Brazil (X cubic meters) and Uruguay (X cubic meters), together comprising a 46% share of total exports. Venezuela (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates supplying countries in Latin America and the Caribbean were Chile ($X), Brazil ($X) and Uruguay ($X), with a combined 90% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +6.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per thousand cubic meters in 2021, with an increase of 8.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. The level of export peaked at $X per thousand cubic meters in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Venezuela ($X per thousand cubic meters), while Chile ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports in Latin America and the Caribbean

In 2021, the amount of wood chips, parts, residues, pellets and other agglomerates imported in Latin America and the Caribbean rose markedly to X cubic meters, surging by 8% on the year before. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 87% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates amounted to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.8% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 24%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Honduras represented the largest importing country with an import of about X cubic meters, which accounted for 50% of total imports. Brazil (X cubic meters) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (7%) and Uruguay (5.1%). Haiti (X cubic meters), Mexico (X cubic meters) and Chile (X cubic meters) followed a long way behind the leaders.

Honduras was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates imports, with a CAGR of +41.4% from 2012 to 2021. At the same time, Uruguay (+16.7%), Argentina (+10.3%), Haiti (+4.0%) and Chile (+2.6%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. By contrast, Brazil (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Honduras and Uruguay increased by +45 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates importing markets in Latin America and the Caribbean were Chile ($X), Argentina ($X) and Honduras ($X), together comprising 53% of total imports.

Among the main importing countries, Honduras, with a CAGR of +50.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per cubic meter, increasing by 2.7% against the previous year. Overall, the import price, however, saw a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per cubic meter), while Haiti ($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 Brazil (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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