Uruguay: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Uruguay

In 2022, after two years of growth, there was significant decline in the Uruguayan industrial roundwood (non-coniferous) market, when its value decreased by -13.2% to $X. Over the period under review, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Industrial Roundwood (Non-Coniferous) Production in Uruguay

In value terms, industrial roundwood (non-coniferous) production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) production increased by +3.2% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Industrial roundwood (non-coniferous) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Uruguay

In 2022, overseas shipments of industrial roundwood increased by 6% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 43% against the previous year. Over the period under review, the (non-coniferous) exports hit record highs at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports reached $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. Over the period under review, the (non-coniferous) exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Uruguay, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones stood at +7.1%.

In value terms, Free Zones ($X) also remains the key foreign market for industrial roundwood exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled +7.7%.

Export Prices by Country

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, surging by 6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 21%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +0.5% per year.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Uruguay

In 2022, supplies from abroad of industrial roundwood decreased by -11.4% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced in the following year.

In value terms, industrial roundwood (non-coniferous) imports skyrocketed to $X in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, (non-coniferous) imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Paraguay (X cubic meters) was the main supplier of industrial roundwood (non-coniferous) to Uruguay, accounting for a 97% share of total imports. It was followed by Brazil (X cubic meters), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Paraguay amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+116.4% per year) and Bolivia (+5.3% per year).

In value terms, Paraguay ($X) constituted the largest supplier of industrial roundwood to Uruguay, comprising 97% of total imports. The second position in the ranking was held by Brazil ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Paraguay totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+65.6% per year) and Bolivia (+7.2% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, picking up by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for Bolivia ($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 Bolivia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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