Venezuela: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Venezuela

The Venezuelan wood chips and particles market shrank to $X in 2022, waning by -5.7% against the previous year. In general, consumption continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wood Chips And Particles in Venezuela

In value terms, wood chips and particles production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 123%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Wood Chips And Particles

Exports from Venezuela

In 2022, the amount of wood chips and particles exported from Venezuela fell to X cubic meters, which is down by -4.3% compared with 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 372%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports shrank slightly to $X in 2022. Over the period under review, exports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2018 with an increase of 379%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X cubic meters) was the main destination for wood chips and particles exports from Venezuela, accounting for a 62% share of total exports. Moreover, wood chips and particles exports to Turkey exceeded the volume sent to the second major destination, Italy (X cubic meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.9% per year) and Austria (-4.8% per year).

In value terms, Turkey ($X) remains the key foreign market for wood chips and particles exports from Venezuela, comprising 82% of total exports. The second position in the ranking was held by Austria ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-14.7% per year) and Italy (+4.2% per year).

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, rising by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2015 an increase of 18%. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per cubic meter), while the average price for exports to Italy ($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 Turkey (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Venezuela

In 2022, the amount of wood chips and particles imported into Venezuela surged to X cubic meters, growing by 39% against the year before. In general, imports showed buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 178%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, wood chips and particles imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 347%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of wood chips and particles to Venezuela, accounting for a 82% share of total imports. Moreover, wood chips and particles imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +14.3%.

In value terms, the largest wood chips and particles suppliers to Venezuela were Germany ($X) and the United States ($X).

In terms of the main suppliers, Germany, with a CAGR of +76.1%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, dropping by -3% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 153% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, 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 Germany ($X per cubic meter), while the price for the United States stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-7.0%).

Source: IndexBox Platform