Uruguay: Wood Charcoal Market 2024

Wood Charcoal Market Size in Uruguay

After four years of growth, the Uruguayan wood charcoal market decreased by -4.8% to $X in 2021. The market value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined slightly in the following year.

Wood Charcoal Production in Uruguay

In value terms, wood charcoal production fell to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Wood Charcoal Exports

Exports from Uruguay

In 2021, approx. X tons of wood charcoal were exported from Uruguay; picking up by 16% compared with the previous year's figure. Overall, exports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 65%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood charcoal exports soared to $X in 2021. In general, exports recorded a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for wood charcoal exports from Uruguay, with a 62% share of total exports. Moreover, wood charcoal exports to the United States exceeded the volume sent to the second major destination, Israel (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+10.6% per year) and Norway (+12.8% per year).

In value terms, the United States ($X) remains the key foreign market for wood charcoal exports from Uruguay, comprising 69% of total exports. The second position in the ranking was taken by Israel ($X), with a 15% share of total exports. It was followed by Norway, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+9.6% per year) and Norway (+14.2% per year).

Export Prices by Country

In 2021, the average wood charcoal export price amounted to $X per ton, leveling off at the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood charcoal export price increased by +63.3% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Uruguay

Wood charcoal imports into Uruguay expanded rapidly to X tons in 2021, increasing by 12% on the year before. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.9% against 2013 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 46%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, wood charcoal imports totaled $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Paraguay (X tons) was the main supplier of wood charcoal to Uruguay, accounting for a 95% share of total imports. Moreover, wood charcoal imports from Paraguay exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Paraguay stood at +7.4%.

In value terms, Paraguay ($X) constituted the largest supplier of wood charcoal to Uruguay, comprising 94% of total imports. The second position in the ranking was held by Brazil ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Paraguay amounted to +8.4%.

Import Prices by Country

In 2021, the average wood charcoal import price amounted to $X per ton, picking up by 2.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Paraguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+0.9%).

Source: IndexBox Platform

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