Uruguay: Sawnwood (Coniferous) Market 2025

Sawnwood (Coniferous) Market Size in Uruguay

After two years of growth, the Uruguayan sawnwood (coniferous) market decreased by -22.8% to $X in 2022. Overall, consumption, however, continues to indicate strong growth. Sawnwood (coniferous) consumption peaked at $X in 2021, and then fell dramatically in the following year.

Sawnwood (Coniferous) Production in Uruguay

In value terms, sawnwood (coniferous) production declined to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 195%. Sawnwood (coniferous) production peaked at $X in 2021, and then fell in the following year.

Sawnwood (Coniferous) Exports

Exports from Uruguay

In 2022, overseas shipments of sawnwood (coniferous) increased by 1,051% to X cubic meters for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports surged to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X cubic meters), Vietnam (X cubic meters) and China (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Uruguay, with a combined 73% share of total exports. Mexico, Guatemala, Taiwan (Chinese), Saudi Arabia, Italy and Indonesia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +2,552.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Vietnam ($X) appeared to be the largest markets for sawnwood (coniferous) exported from Uruguay worldwide, together comprising 74% of total exports. Mexico, Guatemala, Italy, Saudi Arabia, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Italy, with a CAGR of +2,993.1%, recorded 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

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, picking up by 34% against the previous year. Over the period under review, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per cubic meter), while the average price for exports to Vietnam ($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 Indonesia (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Uruguay

After two years of decline, supplies from abroad of sawnwood (coniferous) increased by 1,414% to X cubic meters in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 6,300%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 14,597% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Argentina (X cubic meters) constituted the largest supplier of sawnwood (coniferous) to Uruguay, with a 51% share of total imports. Moreover, sawnwood (coniferous) imports from Argentina exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), twofold. The third position in this ranking was held by Canada (X cubic meters), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.6% per year) and Canada (+19.8% per year).

In value terms, the largest sawnwood (coniferous) suppliers to Uruguay were Argentina ($X), Finland ($X) and Canada ($X), together comprising 78% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +1,042.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, waning by -5.3% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, sawnwood (coniferous) import price increased by +171.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 130%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2021, and then dropped in the following year.

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 Finland ($X per cubic meter), while the price for Argentina ($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 Finland (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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