Price for Wood; Statuettes and Other Ornaments of Wood in Venezuela - 2022

Contents:

  1. Price for Wood; Statuettes and Other Ornaments of Wood in Venezuela (CIF) - 2022
  2. Price for Wood; Statuettes and Other Ornaments of Wood in Venezuela (FOB) - 2022
  3. Imports of Wood; Statuettes and Other Ornaments of Wood in Venezuela
  4. Exports of Wood; Statuettes and Other Ornaments of Wood in Venezuela

Price for Wood; Statuettes and Other Ornaments of Wood in Venezuela (CIF) - 2022

In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $8,238 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 56%. Over the period under review, average import prices hit record highs at $14,997 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($21,476 per ton), while the price for Thailand ($1,098 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Venezuela (FOB) - 2022

In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $7,331 per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($20,848 per ton), while the average price for exports to Colombia ($1,775 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+124.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood; Statuettes and Other Ornaments of Wood in Venezuela

Imports of wood; statuettes and other ornaments of wood into Venezuela totaled 18 tons in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 102%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of wood; statuettes and other ornaments of wood reached $146K in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 99%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Wood; Statuettes and Other Ornaments of Wood in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.633.759.559.477.6%
Vietnam11.621.221.425.530.0%
Panama10.627.121.520.224.0%
Cuba11.516.112.411.4-0.3%
Netherlands1.03.67.77.797.5%
Peru3.24.63.73.53.0%
Lebanon1.12.41.91.715.6%
Others15.620.916.816.31.5%
Total65.213014514630.8%

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Venezuela in 2022:

  1. China (8.1 tons)
  2. Cuba (2.3 tons)
  3. Peru (2.2 tons)
  4. Panama (1.8 tons)
  5. Vietnam (1.2 tons)
  6. Lebanon (0.8 tons)
  7. Netherlands (0.5 tons)

Exports of Wood; Statuettes and Other Ornaments of Wood in Venezuela

For the fourth year in a row, Venezuela recorded growth in overseas shipments of wood; statuettes and other ornaments of wood, which increased by 0.5% to 4.7 tons in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 250% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of wood; statuettes and other ornaments of wood totaled $35K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 234% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Wood; Statuettes and Other Ornaments of Wood in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.814.923.422.280.1%
Italy0.61.72.12.151.8%
Switzerland0.51.51.71.647.4%
France0.21.01.31.595.7%
EcuadorN/A0.61.31.347.2%
Colombia0.30.70.80.838.7%
Costa Rica0.20.70.70.644.2%
Others1.83.83.14.636.7%
Total7.524.934.534.766.6%

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Venezuela in 2022:

  1. United States (2176.0 kg)
  2. France (631.0 kg)
  3. Switzerland (569.0 kg)
  4. Colombia (453.0 kg)
  5. Italy (228.0 kg)
  6. Ecuador (155.0 kg)
  7. Costa Rica (153.0 kg)

Source: IndexBox Market Intelligence Platform

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