Market research

Chemical wood pulp market in Uruguay

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2020, the chemical wood pulp market in Uruguay grew from 2 560 to 2 813 thousand tons. This expansion was supported by UPM's increased plantation holdings, which strengthened its raw material base, and by growing global demand for short-fiber wood like Uruguayan eucalyptus. The confirmation of a third pulp mill construction in 2019 further raised expectations for domestic wood consumption, reinforcing production growth.

Market volume stabilized around 2 700–2 800 thousand tons in 2021 and 2022, with a slight contraction. During this period, UPM announced a major USD 2.7 billion investment to expand its pulp capacity by over 50%, and its new mill in Paso de los Torres began operations in the second half of 2022, setting the stage for a production surge.

In 2023, the market jumped sharply to 3 516 thousand tons, a 29% increase from the previous year. This leap was primarily driven by the full-scale operation of UPM's new mill, which significantly boosted national output. Concurrently, the global wood pulp market experienced price volatility, affecting Uruguayan exporters.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Uruguay
  1. 5.1.1. Annual dynamics of production in Uruguay in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Uruguay in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production chemical wood pulp in Uruguay

In kind, 2017-2020, K t

From 2017 to 2020, Uruguay ranked as the 11th largest producer of chemical wood pulp globally.

Top producers of chemical wood pulp, 2017-2020

Source: SHEV.io

World map of production of chemical wood pulp, 2017-2020

Source: SHEV.io

Uruguay's chemical wood pulp production grew for the second year in a row. In 2020, the country produced 2 793 K t, marking a 6.7% increase from the previous year. Over the 2017-2020 period, production rose by 5.6%, with an average annual growth rate of 1.8%. The lowest output was in 2018 at 2 543 K t, which also saw the steepest decline of 3.8%.

Annual dynamics of production in Uruguay in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.8%)	2.9%	6.7%	1.8%

Source: SHEV.io

Exports chemical wood pulp from Uruguay

Exports in kind, t

Annual dynamics of product's exports from Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Uruguay's chemical wood pulp exports were almost entirely directed to Argentina, accounting for 100.0% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Uruguay in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Uruguay's chemical wood pulp exports were heavily focused on Argentina, which represented 100.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in value, 2017-2020

Source: SHEV.io

Imports chemical wood pulp to Uruguay

Imports in kind, t

Uruguay's chemical wood pulp imports increased for the second consecutive year. In 2020, imports totaled 20 530 t, a strong 16.5% rise compared to 2019. However, over the 2017-2020 period, imports fell by 10.4%, averaging a 3.6% annual decrease. The lowest volume was in 2018 at 16 574 t, which also experienced the largest drop of 27.7%.

Annual dynamics of product's imports to Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.7%)	6.3%	16.5%	(3.6%)

Source: SHEV.io

From 2017 to 2020, the United States (20.8% of import volume), Brazil (13.4%), and Chile (10.3%) were the main sources for Uruguay's chemical wood pulp imports, together making up 44.6% of total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Uruguay's chemical wood pulp import value declined for the third year in a row. In 2020, imports amounted to 7 909 K $ US, down 34.3% from the previous year. Over the 2017-2020 span, import value decreased by 43.6%, with an average annual decline of 17.4%.

Annual dynamics of product's imports to Uruguay in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.8%)	(3.8%)	(34.3%)	(17.4%)

Source: SHEV.io

Throughout 2017-2020, the United States (22.4% of import value), Brazil (13.3%), and Chile (11.5%) formed the key group of partners for Uruguay's chemical wood pulp imports in value terms, collectively representing 47.3% of total imports.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in value, 2017-2020

Source: SHEV.io