Colombia: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Colombia

In 2022, the Colombian wood-based panels market increased by X% to $X, rising for the second year in a row after seven years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Wood-Based Panels Production in Colombia

In value terms, wood-based panels production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Wood-Based Panels Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of wood-based panels, when their volume decreased by X% to X cubic meters. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood-based panels exports fell markedly to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X cubic meters), the Dominican Republic (X cubic meters) and Aruba (X cubic meters) were the main destinations of wood-based panels exports from Colombia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Aruba (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the Dominican Republic ($X) and Costa Rica ($X) appeared to be the largest markets for wood-based panels exported from Colombia worldwide, together accounting for X% of total exports. Venezuela, Curacao, Aruba, Guatemala, Ecuador and Honduras lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Aruba, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level 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 Honduras ($X per cubic meter), while the average price for exports to Aruba ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Colombia

For the third consecutive year, Colombia recorded growth in overseas purchases of wood-based panels, which increased by X% to X cubic meters in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Ecuador (X cubic meters), Brazil (X cubic meters) and Chile (X cubic meters) were the main suppliers of wood-based panels imports to Colombia, together accounting for X% of total imports. China, Spain, Turkey and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) constituted the largest supplier of wood-based panels to Colombia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per cubic meter), while the price for Brazil ($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 Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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