Venezuela: Market for Builders' Joinery And Carpentry Of Wood 2025

Market Size for Builders' Joinery And Carpentry Of Wood in Venezuela

The Venezuelan wooden joinery and carpentry market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a dramatic contraction. Wooden joinery and carpentry consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Venezuela

In 2021, wooden joinery and carpentry exports from Venezuela declined significantly to X tons, with a decrease of -22.9% compared with 2020. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 365% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports reduced markedly to $X in 2021. In general, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2018 with an increase of 191% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for wooden joinery and carpentry exports from Venezuela, accounting for a 90% share of total exports. Moreover, wooden joinery and carpentry exports to the Dominican Republic exceeded the volume sent to the second major destination, Aruba (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic stood at +74.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-1.2% per year) and the United States (+27.2% per year).

In value terms, Aruba ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Venezuela, comprising 62% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Aruba stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+53.3% per year) and the United States (+36.8% per year).

Export Prices by Country

In 2021, the average wooden joinery and carpentry export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 202%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Venezuela

After three years of decline, supplies from abroad of builders' joinery and carpentry of wood increased by 282% to X tons in 2021. Overall, imports, however, faced a significant curtailment. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports soared to $X in 2021. In general, imports, however, showed a sharp decline. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Africa (X tons) and Poland (X tons) were the main suppliers of wooden joinery and carpentry imports to Venezuela, with a combined 49% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Uruguay ($X) and Bolivia ($X) constituted the largest wooden joinery and carpentry suppliers to Venezuela, with a combined 68% share of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +44.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden joinery and carpentry import price amounted to $X per ton, increasing by 19% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden joinery and carpentry import price increased by +48.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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