Particle board of wood market in Caribbean

Earlier Report Observations

Particle board production in the Caribbean region remained constant at 62 000 m³ from 2018 through 2023. Over the same period, the total market volume, calculated as domestic output plus net imports, expanded from 74 033 m³ in 2019 to 95 276 m³ in 2023. This 28% growth was entirely driven by a rise in imports, which more than doubled from 12 035 m³ to 33 941 m³.

Following a period of stability in 2020 when the market volume settled at 72 862 m³, consumption entered a phase of sustained growth. Imports climbed steadily, reaching 18 361 m³ in 2021, 30 587 m³ in 2022, and 33 941 m³ in 2023. This increasing inflow of particle board compensated for the flat domestic production, pushing the overall market size higher each year.

By 2023, the Caribbean particle board market had grown to 95 276 m³. While exports were negligible for most of the period, they increased to 3 369 m³ in 2024, though this did not alter the overarching trend of market expansion observed from 2019 to 2023.

Production particle board of wood in Caribbean

In kind, 2017-2020, m³

Top producers of particle board of wood, 2017-2020

World map of production of particle board of wood, 2017-2020

In 2020, Caribbean produced 62 000 m³ of particle board of wood, showing no significant change compared to the previous year. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

Annual dynamics of production in Caribbean in kind, 2017-2020, m³

Exports particle board of wood from Caribbean

Exports in kind, m³

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2018, with a {ampRatio}-fold gap between these years. In 2020, Caribbean exported 3 m³ of particle board of wood, marking a 58.2% increase compared to 2019. The maximum value was recorded in 2018 at 36 m³, while the largest decline occurred in 2019 at 94.6%.

Annual dynamics of product's exports from Caribbean in kind, 2017-2020, m³

Structure of product's exports in kind by countries, 2017-2020

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. The highest {context} {volume} was observed in 2018, while the lowest occurred in 2019, with a peak-to-trough ratio of 54 times. In 2020, particle board of wood exports from Caribbean amounted to 0.5 K $ US, representing a 43.8% increase relative to the prior year. The minimum value was recorded in 2019 at 0.3 K $ US, and the maximum value was recorded in 2018 at 18 K $ US. The largest decline was recorded in 2019 at 98.1%, while the largest increase occurred in 2018 at 389.6%.

Annual dynamics of product's exports from Caribbean in value, 2017-2020, K $ US

From 2017 to 2020, the United States and Canada remained the key partner countries for Caribbean's particle board of wood exports in value terms, jointly accounting for 12.6% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Caribbean in value, 2017-2020

Imports particle board of wood to Caribbean

Imports in kind, m³

Volatility characterized the market behavior during these years. Imports reached their lowest point in 2018 and peaked in 2017, showing a 17-fold fluctuation. In 2020, Caribbean's particle board of wood import volume amounted to 10 866 m³, corresponding to a solid decline of 12.8% compared to 2019. The minimum value was recorded in 2018 at 4 425 m³. The largest decline was recorded in 2018 at 94.2%, while the largest increase occurred in 2019 at 181.5%.

Annual dynamics of product's imports to Caribbean in kind, 2017-2020, m³

From 2017 to 2020, the portfolio of suppliers for particle board of wood to Caribbean was broad. Spain accounted for 20.8% of imports in kind, Ecuador for 13.7%, and Chile for 13.5%, together contributing 48.1% of total imports in kind. Many other countries had smaller but non-negligible shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Caribbean in kind, 2017-2020

Imports in value, K $ US

In 2020, Caribbean imported 4 387 K $ US of particle board of wood, corresponding to a substantial gain of 10.1% from a year earlier. Between 2017 and 2020, imports increased by 67%, equating to an 18.6% annualized rate. The largest decline was recorded in 2019 at 5.5%, while the largest increase occurred in 2018 at 60.6%.

Annual dynamics of product's imports to Caribbean in value, 2017-2020, K $ US

From 2017 to 2020, Spain accounted for 28.8% of imports in value terms, Ecuador for 14.4%, and Portugal for 13.2%, together comprising 56.3% of total flows for particle board of wood imports to Caribbean.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Caribbean in value, 2017-2020