Colombia: Veneer Sheet Market 2024

Veneer Sheet Market Size in Colombia

The Colombian veneer sheet market shrank to $X in 2022, waning by -10.2% against the previous year. Over the period under review, consumption showed a abrupt descent. Veneer sheet consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Veneer Sheet Production in Colombia

In value terms, veneer sheet production totaled $X in 2022 estimated in export price. In general, production saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Veneer sheet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from Colombia

After two years of growth, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -29.5% to X square meters in 2022. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 434%. Over the period under review, the exports reached the peak figure at X square meters in 2021, and then reduced sharply in the following year.

In value terms, veneer sheet exports reduced markedly to $X in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 399% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank notably in the following year.

Exports by Country

Germany (X square meters), the United States (X square meters) and Japan (X square meters) were the main destinations of veneer sheet exports from Colombia, together accounting for 61% of total exports. The Dominican Republic, Chile, Slovenia and Ecuador lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +68.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Colombia, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with an 18% share of total exports. It was followed by the United States, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+50.1% per year) and the United States (+7.0% per year).

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, increasing by 13% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to the Dominican Republic ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Colombia

In 2022, imports of veneer sheets and sheets for plywood and other wood sawn lengthwise into Colombia contracted to X square meters, with a decrease of -8.3% on the previous year. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 62% against the previous year. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheet imports contracted to $X in 2022. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 54%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X square meters), Spain (X square meters) and the United States (X square meters) were the main suppliers of veneer sheet imports to Colombia, with a combined 55% share of total imports. Italy, Chile, Hong Kong SAR and Ghana lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +6.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United States ($X) were the largest veneer sheet suppliers to Colombia, with a combined 51% share of total imports.

Italy, with a CAGR of +21.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, dropping by -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 when the average import price increased by 54%. The import price peaked at $X per square meter in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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