Uruguay: Roundwood Market 2024

Roundwood Market Size in Uruguay

In 2022, after two years of growth, there was decline in the Uruguayan roundwood market, when its value decreased by X% to $X. In general, consumption, however, enjoyed a notable expansion. Over the period under review, the market reached the peak level at $X in 2021, and then declined modestly in the following year.

Roundwood Production in Uruguay

In value terms, roundwood production totaled $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Roundwood Exports

Exports from Uruguay

In 2022, shipments abroad of roundwood decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X cubic meters in 2021, and then dropped in the following year.

In value terms, roundwood exports fell to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X cubic meters) was the main destination for roundwood exports from Uruguay, accounting for a X% share of total exports. Moreover, roundwood exports to Free Zones exceeded the volume sent to the second major destination, India (X cubic meters), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for roundwood exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per cubic meter), while the average price for exports to India ($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 Free Zones (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Uruguay

In 2022, after three years of growth, there was decline in supplies from abroad of roundwood, when their volume decreased by X% to X cubic meters. Over the period under review, imports, however, recorded notable growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters, leveling off in the following year.

In value terms, roundwood imports soared to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Paraguay (X cubic meters) was the main roundwood supplier to Uruguay, with a X% share of total imports. Moreover, roundwood imports from Paraguay exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), more than tenfold. Bolivia (X cubic meters) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($X per cubic meter), while the price for Brazil ($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 the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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