Venezuela: Particle Board Market 2024

Particle Board Market Size in Venezuela

The Venezuelan particle board market expanded to $X in 2022, surging by 3.1% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Particle Board Production in Venezuela

In value terms, particle board production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45%. Particle board production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Particle Board Exports

Exports from Venezuela

In 2022, after four years of decline, there was significant growth in shipments abroad of particle board, when their volume increased by 14% to X cubic meters. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, particle board exports amounted to $X in 2022. In general, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 55%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X cubic meters) was the main destination for particle board exports from Venezuela, accounting for a 91% share of total exports. Moreover, particle board exports to Turkey exceeded the volume sent to the second major destination, the United States (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.2% per year) and Colombia (-48.1% per year).

In value terms, Turkey ($X) remains the key foreign market for particle board exports from Venezuela, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.1% per year) and Colombia (-44.4% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, approximately mirroring the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board export price decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27%. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per cubic meter), while the average price for exports to Turkey ($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 Colombia (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Particle Board Imports

Imports into Venezuela

In 2022, particle board imports into Venezuela soared to X cubic meters, with an increase of 81% against the previous year's figure. Overall, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2019 when imports increased by 690%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, particle board imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 394%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X cubic meters) constituted the largest supplier of particle board to Venezuela, with a 36% share of total imports. Moreover, particle board imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), threefold. The third position in this ranking was taken by Italy (X cubic meters), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+46.9% per year) and Italy (+3.4% per year).

In value terms, China ($X), Brazil ($X) and Italy ($X) appeared to be the largest particle board suppliers to Venezuela, together comprising 49% of total imports. Turkey, Spain, Ecuador, Colombia and Greece lagged somewhat behind, together accounting for a further 23%.

Turkey, with a CAGR of +37.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, dropping by -26% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 60%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 China ($X per cubic meter), while the price for Brazil ($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 China (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :