Market research

Wood in the rough market in Portugal

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2020, the Portuguese wood in the rough market grappled with a structural timber deficit, where removals exceeded net growth since 2017. This shortage was intensified by the 2017 wildfires that reduced forest stock by 10%, constraining domestic raw material availability. Despite rising production, it remained insufficient to meet steady industrial demand, leading to annual imports and keeping market volume stable between 10 200 and 10 300 тыс. т.

In 2021, the structural deficit reached 57% of industrial consumption, prompting a significant increase in imports that helped lift market size to 11 617 тыс. т. The following year, strong inflationary pressures, including a 20% price increase for wood for chipping, contributed to nominal growth. Concurrently, growing consumer environmental awareness and demand for certified, sustainable timber influenced market dynamics, supporting further expansion to 11 764 тыс. т in 2022.

By 2023, market volume advanced to 12 115 тыс. т, even as domestic production saw a modest decline. This continued growth was sustained by high import levels, reflecting the ongoing supply constraints and robust demand from Portugal's industrial sector.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Portugal
  1. 5.1.1. Annual dynamics of production in Portugal in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Portugal 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, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Portugal, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Portugal, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Portugal, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Portugal, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2025
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 wood in the rough in Portugal

In kind, 2018-2021, K t

Top producers of wood in the rough, 2018-2021

Source: SHEV.io

World map of production of wood in the rough, 2018-2021

Source: SHEV.io

Portugal's production of wood in the rough reached 9 424 K t in 2021, representing a solid year-over-year increase of 13.7%. Looking at the broader period from 2018 to 2021, production grew by 8.7%, which translates to an annualized growth rate of 2.8%. The lowest production level was recorded in 2020 at 8 286 K t, with the largest decline occurring that same year at 5.6%.

Annual dynamics of production in Portugal in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.3%	(5.6%)	13.7%	2.8%

Source: SHEV.io

Exports wood in the rough from Portugal

Exports in kind, K t

Portugal's exports of wood in the rough declined for the third consecutive year. In 2021, exports amounted to 220 K t, which is 5.3% lower than in 2020. Over the period from 2018 to 2021, exports decreased by 54.4%, with a compound annual growth rate (CAGR) of -23.0%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(18.2%)	(41.1%)	(5.3%)	(23.0%)

Source: SHEV.io

From 2018 to 2021, Spain remained the primary destination for Portugal's wood in the rough exports, accounting for 82.9% of total exports in kind. The remaining volume was distributed among other countries.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Portugal in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, Portugal's exports of wood in the rough in value terms increased in 2021. Exports reached 40.1 M $ US, marking a robust year-over-year rise of 13.0%. However, between 2018 and 2021, exports decreased by 19.8%, equating to an annualized decline of 7.1%. The lowest value was recorded in 2020 at 35.5 M $ US, with the largest drop occurring that year at 24.5%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(6.0%)	(24.5%)	13.0%	(7.1%)

Source: SHEV.io

Throughout 2018 to 2021, Spain and France were the core markets for Portugal's wood in the rough exports in value terms, jointly accounting for 81.7% of total flows. Other destinations had comparatively modest shares.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Portugal in value, 2018-2021

Source: SHEV.io

Imports wood in the rough to Portugal

Imports in kind, K t

Portugal's imports of wood in the rough increased for the second consecutive year. In 2021, imports amounted to 2 414 K t, marking a robust rise of 12.1% compared to 2020. Over the period from 2018 to 2021, imports grew by 21.6%, equating to an annualized growth rate of 6.7%. The minimum value was recorded in 2019 at 1 935 K t, with the largest decline occurring that year at 2.5%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.5%)	11.3%	12.1%	6.7%

Source: SHEV.io

From 2018 to 2021, Spain remained the dominant source for Portugal's wood in the rough imports in kind, with a share of 80.3% of total flows. The remainder was fragmented across other markets.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Portugal in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

Portugal's imports of wood in the rough in value terms increased for the third consecutive year. In 2021, imports totalled 255.0 M $ US, equivalent to a sharp increase of 31.3% compared to 2020. Over the period from 2018 to 2021, imports increased by 60.1%, with a compound annual growth rate (CAGR) of 17.0%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.2%	21.7%	31.3%	17.0%

Source: SHEV.io

In 2018 to 2021, Spain (65.0% of imports in value terms), Brazil (13.5% of imports in value terms), and France (6.7% of imports in value terms) were the main sources in the geographical breakdown of wood in the rough imports to Portugal. Together, they accounted for 85.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Portugal in value, 2018-2021

Source: SHEV.io