Venezuela: Particle Board Market 2022

Particle Board Market Size in Venezuela

In 2021, the Venezuelan particle board market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then fell slightly in the following year.

Particle Board Production in Venezuela

In value terms, particle board production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Particle Board Exports

Exports from Venezuela

In 2021, after three years of decline, there was significant growth in shipments abroad of particle boards, when their volume increased by X% to X cubic meters. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, particle board exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X cubic meters), the United States (X cubic meters) and Colombia (X cubic meters) were the main destinations of particle board exports from Venezuela, together comprising X% of total exports. These countries were followed by Serbia, which accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United States ($X) and Colombia ($X) were the largest markets for particle board exported from Venezuela worldwide, together accounting for X% of total exports.

Among the main countries of destination, Israel, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2021, with a decrease of -X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, particle board export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2020, and then declined in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Israel ($X per cubic meter), while the average price for exports to Serbia ($X per cubic meter) was amongst the lowest.

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

Particle Board Imports

Imports into Venezuela

In 2021, purchases abroad of particle boards decreased by -X% to X cubic meters for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X cubic meters, and then shrank dramatically in the following year.

In value terms, particle board imports declined remarkably to $X in 2021. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X cubic meters) constituted the largest particle board supplier to Venezuela, with a X% share of total imports. Moreover, particle board imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X cubic meters), fivefold. The third position in this ranking was taken by Serbia (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-X% per year) and Serbia (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of particle board to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-X% per year) and Romania (-X% per year).

Import Prices by Country

In 2021, the average particle board import price amounted to $X per cubic meter, which is down by -X% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per cubic meter), while the price for Turkey ($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 Romania (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform