Uruguay: Roundwood Market 2024

Roundwood Market Size in Uruguay

In 2022, the Uruguayan roundwood market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a remarkable increase. Roundwood consumption peaked at $X in 2021, and then reduced in the following year.

Roundwood Production in Uruguay

In value terms, roundwood production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Roundwood production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Roundwood Exports

Exports from Uruguay

Roundwood exports from Uruguay soared to X cubic meters in 2022, picking up by X% on the previous year. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, roundwood exports declined to $X in 2022. In general, total exports indicated a resilient expansion 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. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for roundwood exports from Uruguay, with a X% share of total exports. Moreover, roundwood exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and China (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for roundwood exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, falling by X% against the previous year. Over the period under review, the export price saw a precipitous contraction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per cubic meter), while the average price for exports to Saudi Arabia (less than $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 Free Zones (X%).

Roundwood Imports

Imports into Uruguay

In 2022, after three years of growth, there was decline in overseas purchases of roundwood, when their volume decreased by X% to X cubic meters. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters, leveling off in the following year.

In value terms, roundwood imports soared to $X in 2022. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Paraguay (X cubic meters) was the main supplier of roundwood to Uruguay, accounting for a X% share of total imports. Moreover, roundwood imports from Paraguay exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Paraguay totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Paraguay totaled X%.

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, jumping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($X per cubic meter), while the price for Brazil totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform

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