Mexico: Veneer Sheet Market 2024

Veneer Sheet Market Size in Mexico

The Mexican veneer sheet market shrank slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Veneer Sheet Production in Mexico

In value terms, veneer sheet production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Veneer Sheet Exports

Exports from Mexico

Veneer sheet exports from Mexico dropped slightly to X square meters in 2022, which is down by -2% on the year before. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 122% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports declined to $X in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 85% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for veneer sheet exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -8.2%.

In value terms, the United States ($X) also remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -8.7%.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, waning by -7.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +40.1% per year.

Veneer Sheet Imports

Imports into Mexico

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 2.4% to X square meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 46%. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, veneer sheet imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, the United States (X square meters) constituted the largest supplier of veneer sheet to Mexico, with a 47% share of total imports. Moreover, veneer sheet imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X square meters), twofold. China (X square meters) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+11.1% per year) and China (-2.6% per year).

In value terms, the United States ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Mexico, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Spain, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and Spain (+9.8% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, dropping by -4.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 11%. As a result, import price attained the peak level of $X per square meter, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per square meter), while the price for Chile ($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 the Czech Republic (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :