Venezuela: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Venezuela

The Venezuelan wood fuel (non-coniferous) market reduced to $X in 2020, shrinking by -X% against the previous year. In general, consumption showed a pronounced curtailment. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2010 to 2020, the growth of the market remained at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in Venezuela

In value terms, wood fuel (non-coniferous) production shrank remarkably to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt descent. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2010 to 2020, production growth remained at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Venezuela

After two years of decline, shipments abroad of wood fuel (non-coniferous) increased by X% to X cubic meters in 2020. In general, exports, however, showed a significant curtailment. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports dropped significantly to $X in 2020. Over the period under review, exports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Greece (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Venezuela, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Greece stood at -X%.

In value terms, Greece ($X) also remains the key foreign market for wood fuel (non-coniferous) exports from Venezuela.

From 2007 to 2020, the average annual rate of growth in terms of value to Greece totaled -X%.

Export Prices by Country

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, reducing by -X% against the previous year. Overall, the export price showed a perceptible decline. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per cubic meter in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2007 to 2020, the rate of growth in terms of prices for Greece amounted to -X% per year.

Wood Fuel (Non-Coniferous) Imports

Imports into Venezuela

After two years of decline, purchases abroad of wood fuel (non-coniferous) increased by X% to X cubic meters in 2020. Overall, imports, however, showed a deep slump. Over the period under review, imports hit record highs at X cubic meters in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports skyrocketed to $X in 2020. Over the period under review, imports, however, showed a perceptible reduction. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Greece (X cubic meters) constituted the largest wood fuel (non-coniferous) supplier to Venezuela, with a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), fivefold.

From 2007 to 2020, the average annual growth rate of volume from Greece totaled +X%.

In value terms, Greece ($X) and Italy ($X) were the largest wood fuel (non-coniferous) suppliers to Venezuela.

Among the main suppliers, Greece recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, picking up by X% against the previous year. Overall, the import price showed pronounced growth. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per cubic meter), while the price for Greece amounted to $X per cubic meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Platform