Report Update Apr 1, 2024

Venezuela - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Mdf Market 2024

Mdf Market Size in Venezuela

After three years of growth, the Venezuelan MDF market decreased by -12.7% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption peaked at $X in 2020, and then fell in the following year.

Mdf Production in Venezuela

In value terms, MDF production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. Production peaked at $X in 2020, and then declined in the following year.

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Mdf Exports

Exports from Venezuela

In 2021, overseas shipments of MDF decreased by -38.3% to X cubic meters, falling for the fifth year in a row after five years of growth. Overall, exports showed a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 226% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, MDF exports declined markedly to $X in 2021. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 256% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X cubic meters) and Israel (X cubic meters) were the main destinations of MDF exports from Venezuela.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of -1.2%).

In value terms, Israel ($X) remains the key foreign market for MDF exports from Venezuela, comprising 67% of total exports. The second position in the ranking was held by Colombia ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Israel was relatively modest.

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, stabilizing at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per cubic meter), while the average price for exports to Colombia totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.2%), while the prices for the other major destinations experienced a decline.

Mdf Imports

Imports into Venezuela

In 2021, purchases abroad of MDF increased by 20% to X cubic meters, rising for the fifth year in a row after two years of decline. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 200%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, MDF imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2019 when imports increased by 254%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X cubic meters), Turkey (X cubic meters) and Brazil (X cubic meters) were the main suppliers of MDF imports to Venezuela, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +46.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), China ($X) and Brazil ($X) appeared to be the largest MDF suppliers to Venezuela, with a combined 71% share of total imports.

Turkey, with a CAGR of +58.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average MDF import price stood at $X per cubic meter in 2021, picking up by 64% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, MDF import price increased by +91.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Australia ($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 Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for mdf in the world?

China constituted the country with the largest volume of MDF consumption, comprising approx. 51% of total volume. Moreover, MDF consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, tenfold. The third position in this ranking was held by the United States, with a 4.4% share.

What are the largest producers of mdf in the world?

The country with the largest volume of MDF production was China, accounting for 54% of total volume. Moreover, MDF production in China exceeded the figures recorded by the second-largest producer, Brazil, tenfold. Turkey ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of mdf to Venezuela?

In value terms, Turkey, China and Brazil constituted the largest MDF suppliers to Venezuela, together comprising 71% of total imports.

What are the leading importers of mdf from Venezuela?

In value terms, Israel remains the key foreign market for MDF exports from Venezuela, comprising 67% of total exports. The second position in the ranking was held by Colombia, with a 32% share of total exports.

What is the average export price for mdf in Venezuela?

In 2021, the average MDF export price amounted to $403 per cubic meter, remaining stable against the previous year.

What is the average import price for mdf in Venezuela?

The average MDF import price stood at $642 per cubic meter in 2021, with an increase of 64% against the previous year.

This report provides an in-depth analysis of the mdf market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1648 - MDF/HDF

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023