Venezuela: Wooden Frame Market 2024

Wooden Frame Market Size in Venezuela

In 2022, the Venezuelan wooden frame market increased by X% to $X, rising for the fourth consecutive year after six years of decline. Overall, consumption, however, showed a dramatic contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Frame Exports

Exports from Venezuela

In 2022, exports of wooden frames for paintings, photographs, mirrors or similar objects from Venezuela declined to X units, reducing by X% against 2021. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports dropped modestly to $X in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wooden frame exports from Venezuela, accounting for a X% share of total exports. Moreover, wooden frame exports to the United States exceeded the volume sent to the second major destination, Austria (X units), twofold. Guatemala (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Guatemala (X% per year).

In value terms, the largest markets for wooden frame exported from Venezuela were the United States ($X), Austria ($X) and Aruba ($X), together accounting for X% of total exports.

Among the main countries of destination, Austria, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame export price amounted to $X per unit, reducing by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Spain ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Venezuela

In 2022, the amount of wooden frames for paintings, photographs, mirrors or similar objects imported into Venezuela expanded sharply to X units, surging by X% against 2021 figures. In general, imports, however, faced a precipitous decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports declined to $X in 2022. Over the period under review, imports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X units), the United States (X units) and Panama (X units) were the main suppliers of wooden frame imports to Venezuela, with a combined X% share of total imports. China, Brazil, Vietnam, Portugal, Spain and Colombia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X), Portugal ($X) and Panama ($X) appeared to be the largest wooden frame suppliers to Venezuela, together accounting for X% of total imports.

Portugal, with a CAGR of X%, saw 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 a decline.

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 Portugal ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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