Uruguay: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Uruguay

The Uruguayan wood-based panels market declined modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a strong increase. Wood-based panels consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Uruguay

In value terms, wood-based panels production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Wood-Based Panels Exports

Exports from Uruguay

Wood-based panels exports from Uruguay amounted to X cubic meters in 2022, increasing by X% on the year before. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports reduced modestly to $X in 2022. Over the period under review, total exports indicated tangible 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for wood-based panels exports from Uruguay, with a X% share of total exports. Moreover, wood-based panels exports to the United States exceeded the volume sent to the second major destination, Mexico (X cubic meters), twofold. Chile (X cubic meters) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Chile (X% per year).

In value terms, the United States ($X) remains the key foreign market for wood-based panels exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, shrinking by X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price 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, wood-based panels export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter, and then dropped in the following year.

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

Wood-Based Panels Imports

Imports into Uruguay

In 2022, overseas purchases of wood-based panels decreased by X% 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 X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X cubic meters, and then contracted slightly in the following year.

In value terms, wood-based panels imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Brazil (X cubic meters), Argentina (X cubic meters) and Paraguay (X cubic meters) were the main suppliers of wood-based panels imports to Uruguay, with a combined X% share of total imports. China, Germany and Bolivia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels suppliers to Uruguay were Brazil ($X), Argentina ($X) and China ($X), with a combined X% share of total imports. Germany, Paraguay and Bolivia lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the import price showed a mild expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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