MERCOSUR: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in MERCOSUR

The MERCOSUR wood flat pallet market expanded significantly to $X in 2021, increasing by 7% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Flat Pallet Production in MERCOSUR

In value terms, wood flat pallet production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Flat Pallet Exports

Exports in MERCOSUR

In 2021, overseas shipments of flat pallets and pallet collars of wood decreased by -16.9% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 351% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wood flat pallet exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 120%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, amounting to X units, which was approx. 92% of total exports in 2021. It was distantly followed by Chile (X units), committing a 6.4% share of total exports.

Brazil was also the fastest-growing in terms of the flat pallets and pallet collars of wood exports, with a CAGR of +28.4% from 2012 to 2021. Chile experienced a relatively flat trend pattern. Brazil (+40 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -26.4% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest wood flat pallet supplier in MERCOSUR, comprising 73% of total exports. The second position in the ranking was held by Chile ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, growing by 50% against the previous year. Overall, the export price, however, showed a abrupt downturn. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Chile ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-3.0%).

Wood Flat Pallet Imports

Imports in MERCOSUR

In 2021, purchases abroad of flat pallets and pallet collars of wood decreased by -41.3% to X units, falling for the second consecutive year after three years of growth. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 107% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood flat pallet imports shrank dramatically to $X in 2021. Overall, imports, however, posted moderate growth. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Argentina represented the largest importer of flat pallets and pallet collars of wood in MERCOSUR, with the volume of imports resulting at X units, which was near 41% of total imports in 2021. Chile (X units) ranks second in terms of the total imports with a 22% share, followed by Guyana (7.2%), Peru (5.4%) and Uruguay (5%). The following importers - Colombia (X units), Paraguay (X units) and Venezuela (X units) - each amounted to a 13% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported flat pallets and pallet collars of wood in MERCOSUR, comprising 58% of total imports. The second position in the ranking was taken by Chile ($X), with a 13% share of total imports. It was followed by Peru, with a 7.1% share.

In Argentina, wood flat pallet imports increased at an average annual rate of +21.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+32.9% per year) and Peru (+2.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, picking up by 42% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 64%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+43.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform