Costa Rica: Veneer Sheets Market 2025

Veneer Sheets Market Size in Costa Rica

The Costa Rican veneer sheets market amounted to $X in 2022, surging by 2.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheets Production in Costa Rica

In value terms, veneer sheets production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, showed a perceptible decrease. The growth pace was the most rapid in 2019 with an increase of 186%. Veneer sheets production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Veneer Sheets Exports

Exports from Costa Rica

In 2022, veneer sheets exports from Costa Rica soared to X cubic meters, jumping by 263% on the previous year's figure. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 1,019% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, veneer sheets exports fell remarkably to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 1,001% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X cubic meters), Nicaragua (X cubic meters) and Brazil (X cubic meters) were the main destinations of veneer sheets exports from Costa Rica, with a combined 92% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for veneer sheets exports from Costa Rica, comprising 79% of total exports. The second position in the ranking was held by Brazil ($X), with a 10% share of total exports. It was followed by Switzerland, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+19.8% per year) and Switzerland (-8.2% per year).

Export Prices by Country

In 2022, the average veneer sheets export price amounted to $X per cubic meter, which is down by -78.1% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 244% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, and then contracted notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Nicaragua ($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 Serbia (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Costa Rica

In 2022, supplies from abroad of veneer sheets decreased by -7.7% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 102%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, veneer sheets imports fell to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X cubic meters), the Netherlands (X cubic meters) and the United States (X cubic meters) were the main suppliers of veneer sheets imports to Costa Rica, together accounting for 56% of total imports. Italy, Mexico, Colombia, Nicaragua, Canada, Chile and China lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheets suppliers to Costa Rica were Spain ($X), the United States ($X) and Italy ($X), with a combined 63% share of total imports. Chile, Colombia, Canada, Mexico, China, the Netherlands and Nicaragua lagged somewhat behind, together accounting for a further 3%.

In terms of the main suppliers, Colombia, with a CAGR of +36.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, with a decrease of -7.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, import prices stood 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 ($X per cubic meter), while the price for the Netherlands ($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 Colombia (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform