Uruguay: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Uruguay

In 2022, the Uruguayan wood chips and particles market decreased by -24.1% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate pronounced growth. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Production of Wood Chips And Particles in Uruguay

In value terms, wood chips and particles production fell dramatically to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 253% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Uruguay

In 2022, shipments abroad of wood chips and particles increased by 52% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 168%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wood chips and particles exports soared to $X in 2022. In general, exports showed a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 175% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Portugal (X cubic meters) was the main destination for wood chips and particles exports from Uruguay, with a 67% share of total exports. Moreover, wood chips and particles exports to Portugal exceeded the volume sent to the second major destination, China (X cubic meters), threefold. Free Zones (X cubic meters) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7,969.9% per year) and Free Zones (+6.2% per year).

In value terms, Portugal ($X) remains the key foreign market for wood chips and particles exports from Uruguay, comprising 72% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by Free Zones, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22,230.4% per year) and Free Zones (+4.8% per year).

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, remaining stable against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 11% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a 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 Portugal ($X per cubic meter), while the average price for exports to Free Zones ($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 China (+176.7%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Uruguay

In 2022, purchases abroad of wood chips and particles decreased by -33.9% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by 264%. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports fell to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 157% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest wood chips and particles supplier to Uruguay, with a 66% share of total imports. Moreover, wood chips and particles imports from Germany exceeded the figures recorded by the second-largest supplier, Argentina (X cubic meters), fivefold. The third position in this ranking was held by Chile (X cubic meters), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +73.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-26.3% per year) and Chile (-5.1% per year).

In value terms, Chile ($X), Germany ($X) and France ($X) constituted the largest wood chips and particles suppliers to Uruguay, together accounting for 96% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +166.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, rising by 38% against the previous year. Over the period under review, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 282% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for Argentina ($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 Germany (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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