Uruguay: Fiberboard Market 2024

Fiberboard Market Size in Uruguay

The Uruguayan fiberboard market shrank to $X in 2022, with a decrease of -8.1% against the previous year. In general, consumption, however, recorded modest growth. Fiberboard consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fiberboard Production in Uruguay

In value terms, fiberboard production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Fiberboard Exports

Exports from Uruguay

In 2022, shipments abroad of fiber board of wood or other ligneous materials was finally on the rise to reach X cubic meters for the first time since 2013, thus ending a eight-year declining trend. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by 46% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fiberboard exports rose significantly to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X cubic meters) was the main destination for fiberboard exports from Uruguay, accounting for a 56% share of total exports. Moreover, fiberboard exports to Mexico exceeded the volume sent to the second major destination, Colombia (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.9% per year) and the United States (+8.4% per year).

In value terms, Mexico ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from Uruguay, comprising 63% of total exports. The second position in the ranking was held by Colombia ($X), with a 23% share of total exports. It was followed by Brazil, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.7% per year) and Brazil (-12.0% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, picking up by 2.2% against the previous year. In general, the export price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2013 an increase of 6.4% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while the average price for exports to the United States ($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 Chile (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fiberboard Imports

Imports into Uruguay

In 2022, supplies from abroad of fiber board of wood or other ligneous materials decreased by -2.4% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.1%. As a result, imports attained the peak of X cubic meters, and then shrank modestly in the following year.

In value terms, fiberboard imports stood at $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Argentina (X cubic meters) constituted the largest fiberboard supplier to Uruguay, accounting for a 61% share of total imports. Moreover, fiberboard imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), twofold. The third position in this ranking was taken by Germany (X cubic meters), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.5% per year) and Germany (+18.5% per year).

In value terms, Argentina ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Uruguay, comprising 55% of total imports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.5% per year) and Germany (+19.3% per year).

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, jumping by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per cubic meter), while the price for Bolivia ($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 China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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