MERCOSUR: Market for Wood Pellets And Other Agglomerates 2023

Market Size for Wood Pellets And Other Agglomerates in MERCOSUR

The MERCOSUR market for wood pellets and other agglomerates soared to $X in 2022, with an increase of 34% against the previous year. In general, consumption showed a perceptible slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Wood Pellets And Other Agglomerates in MERCOSUR

In value terms, wood pellets and other agglomerates production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2014 with an increase of 323% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Wood Pellets And Other Agglomerates

Exports in MERCOSUR

Wood pellets and other agglomerates exports skyrocketed to X tons in 2022, jumping by 35% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 137%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, wood pellets and other agglomerates exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 178% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Brazil (X tons), together recording 98% of total export.

Brazil was also the fastest-growing in terms of the wood pellets and other agglomerates exports, with a CAGR of +109.0% from 2012 to 2022. Brazil (+97 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest wood pellets and other agglomerates supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +95.4%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 13% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the export price increased by 29%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -6.5% per year.

Imports of Wood Pellets And Other Agglomerates

Imports in MERCOSUR

In 2022, purchases abroad of wood pellets and other agglomerates increased by 2.4% to X tons, rising for the fifth consecutive year after five years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 29%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood pellets and other agglomerates imports expanded to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Uruguay was the largest importer of wood pellets and other agglomerates in MERCOSUR, with the volume of imports amounting to X tons, which was approx. 54% of total imports in 2022. Brazil (X tons) held the second position in the ranking, distantly followed by Paraguay (X tons) and Chile (X tons). All these countries together held approx. 38% share of total imports. Venezuela (X tons), Argentina (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood pellets and other agglomerates imports into Uruguay stood at +31.0%. At the same time, Paraguay (+62.1%), Venezuela (+30.3%), Peru (+21.3%) and Chile (+10.5%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +62.1% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-19.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay, Paraguay, Chile, Venezuela and Peru increased by +52, +11, +5.2, +3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 72% of total imports. Argentina, Paraguay, Peru and Venezuela lagged somewhat behind, together comprising a further 26%.

Peru, with a CAGR of +30.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when the import price increased by 48% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+26.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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