Guatemala: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Guatemala

The Guatemalan wood-based panels market shrank modestly to $X in 2022, flattening at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Wood-based panels consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Guatemala

In value terms, wood-based panels production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wood-Based Panels Exports

Exports from Guatemala

Wood-based panels exports from Guatemala rose slightly to X cubic meters in 2022, picking up by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wood-based panels exports surged to $X in 2022. Over the period under review, total exports indicated a remarkable increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X cubic meters) was the main destination for wood-based panels exports from Guatemala, accounting for a X% share of total exports. Moreover, wood-based panels exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X cubic meters), twofold. The third position in this ranking was taken by Costa Rica (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

In value terms, El Salvador ($X), Honduras ($X) and Costa Rica ($X) constituted the largest markets for wood-based panels exported from Guatemala worldwide, with a combined X% share of total exports. Nicaragua, Mexico and Panama lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per cubic meter) and Nicaragua ($X per cubic meter), while the average price for exports to Costa Rica ($X per cubic meter) and El Salvador ($X per cubic meter) were amongst the lowest.

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

Wood-Based Panels Imports

Imports into Guatemala

In 2022, purchases abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters, and then dropped in the following year.

In value terms, wood-based panels imports stood at $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X cubic meters), Chile (X cubic meters) and Mexico (X cubic meters) were the main suppliers of wood-based panels imports to Guatemala, with a combined X% share of total imports. Brazil, Spain, Ecuador and Romania 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 Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Chile ($X) and Brazil ($X) were the largest wood-based panels suppliers to Guatemala, together accounting for X% of total imports. Mexico, Spain, Romania and Ecuador lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($X per cubic meter) and Spain ($X per cubic meter), while the price for Mexico ($X per cubic meter) and Ecuador ($X per cubic meter) were amongst the lowest.

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

Source: IndexBox Platform