Colombia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Colombia

After two years of growth, the Colombian veneer sheets market decreased by -11.2% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. Veneer sheets consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Veneer Sheets Production in Colombia

In value terms, veneer sheets production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 26%. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports from Colombia

Veneer sheets exports from Colombia reduced notably to X cubic meters in 2022, shrinking by -22.9% compared with 2021. Over the period under review, exports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2013 with an increase of 240%. Over the period under review, the exports attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, veneer sheets exports dropped to $X in 2022. Overall, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 149%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X cubic meters) was the main destination for veneer sheets exports from Colombia, accounting for a 24% share of total exports. Moreover, veneer sheets exports to Germany exceeded the volume sent to the second major destination, South Korea (X cubic meters), twofold. The third position in this ranking was taken by Panama (X cubic meters), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Panama (+4.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for veneer sheets exports from Colombia, comprising 32% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by the United States, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +68.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-14.5% per year) and the United States (+2.7% per year).

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, surging by 15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 82%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Ecuador ($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 Germany (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in purchases abroad of veneer sheets, when their volume decreased by -9.4% to X cubic meters. In general, imports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2013 with an increase of 53%. Over the period under review, imports attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, veneer sheets imports shrank remarkably to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 61% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X cubic meters), the United States (X cubic meters) and Spain (X cubic meters) were the main suppliers of veneer sheets imports to Colombia, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of veneer sheets to Colombia, comprising 33% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.6% per year) and Spain (-1.0% per year).

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, falling by -7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2015 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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