Venezuela: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Venezuela

The Venezuelan market for wood boxes, crates and cable drums fell dramatically to $X in 2022, which is down by -21.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Venezuela

In 2022, the amount of wood boxes, crates and cable drums exported from Venezuela was estimated at X units, remaining constant against the year before. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 267%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wood box and cable drum exports fell modestly to $X in 2022. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 702% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wood box and cable drum exports from Venezuela, accounting for a 91% share of total exports. Moreover, wood box and cable drum exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and Chile (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for wood boxes, crates and cable drums exports from Venezuela, comprising 96% of total exports. The second position in the ranking was held by Chile ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-8.3% per year) and Guatemala (-3.1% per year).

Export Prices by Country

In 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, falling by -4.2% against the previous year. Overall, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 143%. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.0%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Venezuela

Wood box and cable drum imports into Venezuela dropped markedly to X units in 2022, falling by -19.4% compared with the previous year's figure. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 120% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports declined notably to $X in 2022. Over the period under review, imports recorded a precipitous setback. The growth pace was the most rapid in 2018 with an increase of 155%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest wood box and cable drum supplier to Venezuela, accounting for a 61% share of total imports. Moreover, wood box and cable drum imports from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X units), fivefold. The third position in this ranking was taken by the Netherlands (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+4.7% per year) and the Netherlands (-5.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of wood boxes, crates and cable drums to Venezuela, comprising 75% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 7.9% share of total imports. It was followed by Russia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled -21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.4% per year) and Russia (-11.7% per year).

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, dropping by -3.9% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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