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Report Latin America and the Caribbean - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Latin America and the Caribbean - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Wood Pellets Market 2025

Wood Pellets Market Size in Latin America and the Caribbean

The Latin American wood pellets market plummeted to $X in 2022, declining by -33% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wood Pellets Production in Latin America and the Caribbean

In value terms, wood pellets production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 79% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wood Pellets Exports

Exports in Latin America and the Caribbean

Wood pellets exports skyrocketed to X tons in 2022, jumping by 32% against the previous year. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wood pellets exports surged to $X in 2022. Overall, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of wood pellets, making up 82% of total exports. It was distantly followed by Panama (X tons), generating a 17% share of total exports.

Brazil was also the fastest-growing in terms of the wood pellets exports, with a CAGR of +157.5% from 2012 to 2022. Panama (-3.9%) illustrated a downward trend over the same period. While the share of Brazil (+82 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (-74.6 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest wood pellets supplier in Latin America and the Caribbean, comprising 81% of total exports. The second position in the ranking was taken by Panama ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +147.2%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (-2.7%).

Wood Pellets Imports

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in purchases abroad of wood pellets, when their volume decreased by -9.2% to X tons. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 79%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, wood pellets imports shrank rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 97% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uruguay (X tons) was the key importer of wood pellets, making up 58% of total imports. Brazil (X tons) ranks second in terms of the total imports with a 19% share, followed by Paraguay (12%) and Chile (5.5%).

Uruguay was also the fastest-growing in terms of the wood pellets imports, with a CAGR of +99.7% from 2012 to 2022. At the same time, Paraguay (+38.2%), Chile (+24.8%) and Brazil (+20.9%) displayed positive paces of growth. From 2012 to 2022, the share of Uruguay and Paraguay increased by +58 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) constitutes the largest market for imported wood pellets in Latin America and the Caribbean, comprising 51% of total imports. The second position in the ranking was held by Paraguay ($X), with a 16% share of total imports. It was followed by Chile, with an 8.7% share.

In Uruguay, wood pellets imports expanded at an average annual rate of +74.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Paraguay (+51.0% per year) and Chile (+5.5% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, waning by -17.7% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+9.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of wood pellets consumption in 2020 were Brazil, Chile and Costa Rica, together comprising 93% of total consumption. These countries were followed by Bolivia, which accounted for a further 1.7%.
Brazil constituted the country with the largest volume of wood pellets production, comprising approx. 69% of total volume. Moreover, wood pellets production in Brazil exceeded the figures recorded by the second-largest producer, Chile, fourfold. Panama ranked third in terms of total production with a 8.4% share.
In value terms, Brazil remains the largest wood pellets supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was occupied by Panama, with a 16% share of total exports.
In value terms, Uruguay constitutes the largest market for imported wood pellets in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was occupied by Brazil, with a 15% share of total imports.
In 2020, the wood pellets export price in Latin America and the Caribbean amounted to $160 per ton, declining by -3% against the previous year.
In 2020, the wood pellets import price in Latin America and the Caribbean amounted to $153 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the wood pellets market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1693 - Wood pellets

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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