Portugal: Preservative-Treated Rough Wood Market 2022

Preservative-Treated Rough Wood Market Size in Portugal

In 2021, the Portuguese preservative-treated rough wood market decreased by -25.5% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Preservative-Treated Rough Wood Production in Portugal

In value terms, preservative-treated rough wood production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Preservative-treated rough wood production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Preservative-Treated Rough Wood Exports

Exports from Portugal

In 2021, preservative-treated rough wood exports from Portugal expanded notably to X cubic meters, increasing by 7% against the previous year. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, preservative-treated rough wood exports skyrocketed to $X in 2021. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 35%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X cubic meters), Spain (X cubic meters) and Italy (X cubic meters) were the main destinations of preservative-treated rough wood exports from Portugal, together comprising 92% of total exports. These countries were followed by Senegal, which accounted for a further 3%.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +37.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preservative-treated rough wood exported from Portugal were France ($X), Spain ($X) and Italy ($X), with a combined 94% share of total exports. Senegal lagged somewhat behind, comprising a further 2.2%.

Among the main countries of destination, Senegal, with a CAGR of +47.0%, 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 preservative-treated rough wood export price stood at $X per cubic meter in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Senegal ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preservative-Treated Rough Wood Imports

Imports into Portugal

In 2021, purchases abroad of preservative-treated rough wood decreased by -41.4% to X cubic meters, falling for the second consecutive year after six years of growth. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 92%. As a result, imports attained the peak of X cubic meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preservative-treated rough wood imports dropped sharply to $X in 2021. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 114% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X cubic meters) constituted the largest supplier of preservative-treated rough wood to Portugal, with a 64% share of total imports. Moreover, preservative-treated rough wood imports from Spain exceeded the figures recorded by the second-largest supplier, Lithuania (X cubic meters), sixfold. The third position in this ranking was taken by Latvia (X cubic meters), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-11.8% per year) and Latvia (+47.1% per year).

In value terms, Spain ($X) constituted the largest supplier of preservative-treated rough wood to Portugal, comprising 62% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Latvia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+48.0% per year) and Latvia (+40.5% per year).

Import Prices by Country

In 2021, the average preservative-treated rough wood import price amounted to $X per cubic meter, growing by 28% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 34%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per cubic meter), while the price for Lithuania ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+31.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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