Portugal: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Portugal

After five years of growth, the Portuguese preservative-treated rough wood market decreased by -43.3% to $X in 2021. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Preservative-Treated Rough Wood Production in Portugal

In value terms, preservative-treated rough wood production surged to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.5% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 31% against the previous year. Preservative-treated rough wood production peaked in 2021 and is expected to retain growth in the near future.

Preservative-Treated Rough Wood Exports

Exports from Portugal

In 2021, approx. X cubic meters of preservative-treated rough wood were exported from Portugal; increasing by 7% against the previous year. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, preservative-treated rough wood exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

France (X cubic meters), Spain (X cubic meters) and Italy (X cubic meters) were the main destinations of preservative-treated rough wood exports from Portugal, with a combined 92% share of total exports. These countries were followed by Senegal, which accounted for a further 3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preservative-treated rough wood exported from Portugal were France ($X), Spain ($X) and Italy ($X), with a combined 94% share of total exports. Senegal lagged somewhat behind, comprising a further 2.1%.

Among the main countries of destination, Senegal, with a CAGR of +46.5%, saw the highest rates of growth with regard to 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

In 2021, the average preservative-treated rough wood export price amounted to $X per cubic meter, rising by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 an increase of 38%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Senegal ($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 Senegal (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preservative-Treated Rough Wood Imports

Imports into Portugal

In 2021, preservative-treated rough wood imports into Portugal fell remarkably to X cubic meters, dropping by -41.4% on 2020. Over the period under review, imports, however, showed a tangible increase. The growth pace was the most rapid in 2019 when imports increased by 127% against the previous year. As a result, imports attained the peak of X cubic meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preservative-treated rough wood imports shrank sharply to $X in 2021. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 114% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X cubic meters) constituted the largest supplier of preservative-treated rough wood to Portugal, accounting for a 71% share of total imports. Moreover, preservative-treated rough wood imports from Spain exceeded the figures recorded by the second-largest supplier, Latvia (X cubic meters), sevenfold. The third position in this ranking was taken by France (X cubic meters), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+46.8% per year) and France (+27.4% per year).

In value terms, Spain ($X) constituted the largest supplier of preservative-treated rough wood to Portugal, comprising 62% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by Latvia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+47.9% per year) and Latvia (+40.5% per year).

Import Prices by Country

The average preservative-treated rough wood import price stood at $X per cubic meter in 2021, with an increase of 28% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preservative-treated rough wood import price increased by +92.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Lithuania ($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 Poland (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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