Mexico: Veneer Sheets Market 2025

Veneer Sheets Market Size in Mexico

The Mexican veneer sheets market stood at $X in 2022, approximately equating the previous year. Overall, consumption saw a buoyant expansion. Veneer sheets consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Veneer Sheets Production in Mexico

In value terms, veneer sheets production fell modestly to $X in 2022 estimated in export price. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Veneer Sheets Exports

Exports from Mexico

In 2022, approx. X cubic meters of veneer sheets were exported from Mexico; falling by -53.6% compared with the previous year's figure. Over the period under review, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 19%. Over the period under review, the exports reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, veneer sheets exports plummeted to $X in 2022. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X cubic meters) was the main destination for veneer sheets exports from Mexico, with a 67% share of total exports. Moreover, veneer sheets exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X cubic meters), threefold. Belize (X cubic meters) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.1% per year) and Belize (+7.2% per year).

In value terms, Nicaragua ($X) emerged as the key foreign market for veneer sheets exports from Mexico, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports. It was followed by Belgium, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Nicaragua totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-27.4% per year) and Belgium (0.0% per year).

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, with a decrease of -60.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per cubic meter, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per cubic meter), while the average price for exports to Belize ($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 the Dominican Republic (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Mexico

In 2022, supplies from abroad of veneer sheets increased by 39% to X cubic meters, rising for the fourth consecutive year after three years of decline. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, veneer sheets imports totaled $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of veneer sheets to Mexico, accounting for a 55% share of total imports. Moreover, veneer sheets imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X cubic meters), threefold. The third position in this ranking was taken by China (X cubic meters), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+6.8% per year) and China (+4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of veneer sheets to Mexico, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Spain, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and Spain (+9.1% per year).

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, shrinking by -27.9% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Chile ($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 Peru (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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