Latin America and the Caribbean: Veneer Sheet Market 2024

Veneer Sheet Market Size in Latin America and the Caribbean

The Latin American veneer sheet market declined to $X in 2022, which is down by -2.5% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheet Production in Latin America and the Caribbean

In value terms, veneer sheet production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Veneer Sheet Exports

Exports in Latin America and the Caribbean

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported in Latin America and the Caribbean; with an increase of 21% against the previous year's figure. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, veneer sheet exports soared to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the major exporter of veneer sheets and sheets for plywood and other wood sawn lengthwise in Latin America and the Caribbean, with the volume of exports reaching X square meters, which was approx. 78% of total exports in 2022. It was distantly followed by Chile (X square meters), mixing up a 19% share of total exports.

Brazil was also the fastest-growing in terms of the veneer sheets and sheets for plywood and other wood sawn lengthwise exports, with a CAGR of +20.0% from 2012 to 2022. At the same time, Chile (+7.2%) displayed positive paces of growth. From 2012 to 2022, the share of Brazil increased by +28 percentage points.

In value terms, Brazil ($X) remains the largest veneer sheet supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was held by Chile ($X), with a 21% share of total exports.

In Brazil, veneer sheet exports increased at an average annual rate of +4.9% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per square meter), while Brazil amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-3.9%).

Veneer Sheet Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 6.9% to X square meters, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 14% against the previous year. The volume of import peaked at X square meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, veneer sheet imports expanded to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the key importing country with an import of about X square meters, which finished at 64% of total imports. It was distantly followed by Brazil (X square meters), committing a 14% share of total imports. Peru (X square meters), Cayman Islands (X square meters), Chile (X square meters), Argentina (X square meters), Guatemala (X square meters) and Colombia (X square meters) took a minor share of total imports.

Imports into Mexico increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, Cayman Islands (+38.7%), Peru (+16.2%) and Guatemala (+10.8%) displayed positive paces of growth. Moreover, Cayman Islands emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +38.7% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Colombia (-6.9%), Chile (-8.4%) and Argentina (-12.9%) illustrated a downward trend over the same period. Mexico (+20 p.p.), Cayman Islands (+3.8 p.p.), Peru (+3.2 p.p.) and Brazil (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Argentina saw its share reduced by -4% and -4.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported veneer sheets and sheets for plywood and other wood sawn lengthwise in Latin America and the Caribbean, comprising 69% of total imports. The second position in the ranking was held by Brazil ($X), with a 12% share of total imports. It was followed by Chile, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled +2.7%. In the other countries, the average annual rates were as follows: Brazil (+5.3% per year) and Chile (-7.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per square meter, falling by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 13%. As a result, import price reached the peak level of $X per square meter, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per square meter), while Guatemala ($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 Brazil (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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