Venezuela: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Venezuela

After three years of growth, the Venezuelan market for particle board and similar board of ligneous materials (excluding wood) decreased by -0.5% to $X in 2021. In general, consumption showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Venezuela

In value terms, production of particle board and similar board of ligneous materials (excluding wood) fell modestly to $X in 2021 estimated in export price. In general, production showed a abrupt slump. The growth pace was the most rapid in 2019 when the production volume increased by 13%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from Venezuela

In 2021, overseas shipments of particle board and similar board of ligneous materials (excluding wood) decreased by 0% to X cubic meters, falling for the second year in a row after three years of decline. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 107% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) reduced to $X in 2021. In general, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2016 when exports increased by 99.9% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Turkey (X cubic meters) was the main destination for exports of particle board and similar board of ligneous materials (excluding wood) from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Aruba ($X) remains the key foreign market for particle board and similar board of ligneous materials (excluding wood) exports from Venezuela, comprising 92% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba amounted to -18.2%.

Export Prices by Country

The average export price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2021, reducing by -69.1% against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 173%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Aruba ($X per cubic meter), while the average price for exports to Turkey amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into Venezuela

In 2021, imports of particle board and similar board of ligneous materials (excluding wood) into Venezuela declined to X cubic meters, reducing by -8.7% compared with the previous year's figure. Over the period under review, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 410% against the previous year. Over the period under review, imports of attained the peak figure at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 with an increase of 516%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X cubic meters), Germany (X cubic meters) and China (X cubic meters) were the main suppliers of imports of particle board and similar board of ligneous materials (excluding wood) to Venezuela, with a combined 67% share of total imports. These countries were followed by Colombia, Brazil, Italy and Panama, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +4.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of particle board and similar board of ligneous materials (excluding wood) to Venezuela, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Brazil, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Brazil (-8.3% per year).

Import Prices by Country

In 2021, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, picking up by 57% against the previous year. Over the period under review, the import price posted strong growth. The growth pace was the most rapid in 2020 when the average import price increased by 105%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Colombia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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