Latin America and the Caribbean: Veneer Sheets Market 2025

Veneer Sheets Market Size in Latin America and the Caribbean

The Latin American veneer sheets market shrank slightly to $X in 2022, almost unchanged from the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2019 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Veneer Sheets Production in Latin America and the Caribbean

In value terms, veneer sheets production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports in Latin America and the Caribbean

In 2022, veneer sheets exports in Latin America and the Caribbean skyrocketed to X cubic meters, increasing by 33% compared with 2021. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, veneer sheets exports soared to $X in 2022. The total export value increased at an average annual rate of +2.6% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X cubic meters) represented the main exporter of veneer sheets, comprising 76% of total exports. It was distantly followed by Chile (X cubic meters), generating a 21% share of total exports.

Brazil was also the fastest-growing in terms of the veneer sheets exports, with a CAGR of +20.2% from 2012 to 2022. At the same time, Chile (+7.1%) displayed positive paces of growth. While the share of Brazil (+28 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-20.6 p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +4.9%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per cubic meter in 2022, reducing by -8.7% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by 21%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while Brazil stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-3.7%).

Veneer Sheets Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of veneer sheets increased by 30% to X cubic meters, rising for the fourth consecutive year after four years of decline. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +96.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheets imports totaled $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Mexico dominates imports structure, amounting to X cubic meters, which was near 71% of total imports in 2022. It was distantly followed by Brazil (X cubic meters), mixing up an 8.6% share of total imports. Honduras (X cubic meters), Peru (X cubic meters), Colombia (X cubic meters), Chile (X cubic meters) and Ecuador (X cubic meters) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, Honduras (+13.7%), Peru (+11.4%), Colombia (+3.7%) and Brazil (+1.6%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +13.7% from 2012-2022. By contrast, Ecuador (-3.6%) and Chile (-8.1%) illustrated a downward trend over the same period. While the share of Mexico (+20 p.p.), Honduras (+2.8 p.p.) and Peru (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported veneer sheets in Latin America and the Caribbean, comprising 61% of total imports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total imports. It was followed by Honduras, with a 6.5% share.

In Mexico, veneer sheets imports increased at an average annual rate of +1.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+5.3% per year) and Honduras (+9.2% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per cubic meter, falling by -21.2% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2018 an increase of 16%. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the import prices failed to regain momentum.

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 Colombia ($X per cubic meter), while Peru ($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 Brazil (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :