<p>Smallholder woodlot agroforestry products are transacted in the market. However, their market chain remains poorly identified and mapped. The present study analyzed the market chain of smallholder farmers’ <i>Eucalyptus camaldulensis</i> woodlot agroforestry products. Data were collected from 172 woodlot grower and 570 non—grower market chain actors through interviews, focus group discussions, key informant surveys, and market surveys. Market chains were analyzed using the value chain mapping framework. Posting poles, roofing materials, roofing poles, walling poles, walling splits, supporting poles (Kristi), branches, and charcoal were woodlot agroforestry products supplied to the market. The products were transacted through local and internationals market channels. Farmers, traders, laborers, transporters, brokers, and consumers were direct actors and trade, revenue, environmental protection, and agricultural offices were indirect actors. Various activities were undertaken along the market chain. About 96% of the product was supplied to the local market, whereas 4% was supplied to the international market. The highest market cost (1427.32 USD) was incurred by Mekele traders and the least (18.26 USD) market cost was incurred by the brokers. The highest profit margin (10%) was obtained by the farmers, loading and unloading work forces, and brokers, while traders in Addis Ababa had the smallest profit margin (1%). The market chain was governed by various regulatory bodies. Availability of alternative market channel and high market demand were ample opportunities of the market chain. Lack of road access, land shortage, and disease were the challenges. The market chain challenges should be addressed. Further research is needed to evaluate the value added activities of woodlot agroforestry products.</p>