Veneer sheets market in Mexico

Earlier Report Observations

The Mexican veneer sheets market expanded consistently from 595.5 thousand m³ in 2018 to 885.8 thousand m³ in 2023, fueled by sustained demand from the furniture and interior design sectors and a broader shift toward sustainable and engineered wood materials. In the early years, growth was supported by modernized processing facilities and an emphasis on responsible forestry practices, which helped establish a stable production base.

Market dynamics shifted in 2020 and 2021 due to the COVID-19 pandemic's supply chain disruptions and the reimposition of a 15% temporary tariff on steel imports, which increased input costs for machinery and structures. This contributed to a notable drop in domestic production in 2021, but strong underlying demand led to a surge in imports, ensuring overall market volume continued to rise.

A sharp recovery in production occurred in 2022 driven by the adoption of advanced manufacturing technologies such as rotary vacuum presses and laser cutting systems, which doubled productivity and improved precision. This technological leap allowed the industry to meet growing demand, particularly in the premium segment. While production stabilized in 2023, import data through 2025 suggests sustained market growth, indicating continued reliance on foreign supply to meet domestic needs.

Production veneer sheets in Mexico

In kind, 2018-2021, K m³

From 2018 to 2021, Mexico maintained the 8th position globally in terms of veneer sheets production volume.

Top producers of veneer sheets, 2018-2021

World map of production of veneer sheets, 2018-2021

Mexico's veneer sheets production declined for the second consecutive year. In 2021, the country produced 428.0 K m³ of veneer sheets, marking a 12.4% year-over-year reduction. Between 2018 and 2021, production decreased by 13.2%, which translates to an annualized decline of 4.6%. The largest increase occurred in 2019, at 0.0%.

Annual dynamics of production in Mexico in kind, 2018-2021, K m³

Exports veneer sheets from Mexico

Exports in kind, K m³

The market displayed an unstable trend throughout the period. Import levels fluctuated significantly, with a 119-fold difference between the low in 2021 and the high in 2019. In 2021, foreign veneer sheets supplies from Mexico totaled 0.1 K m³, representing a 96.4% decrease compared to 2020. The maximum value was recorded in 2019 at 9.3 K m³, with the largest increase that year reaching 701.1%.

Annual dynamics of product's exports from Mexico in kind, 2018-2021, K m³

During 2018–2021, veneer sheets from Mexico were supplied almost exclusively to the United States, which accounted for 100.0% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Mexico in kind, 2018-2021

Exports in value, K $ US

The market showed signs of volatility over the observed period. Export volumes peaked in 2019 and dropped to a minimum in 2021, representing a 79-fold shift. In 2021, Mexico's veneer sheets export volume amounted to 31 K $ US, indicating a sharp drop of 95.4% compared to the previous year. The maximum value was recorded in 2019 at 2 422 K $ US, with the largest increase that year at 121.4%.

Annual dynamics of product's exports from Mexico in value, 2018-2021, K $ US

Throughout 2018–2021, the United States remained the dominant and nearly sole destination for exports in value terms of veneer sheets from Mexico, with a share of 92.5%.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Mexico in value, 2018-2021

Imports veneer sheets to Mexico

Imports in kind, K m³

Mexico's veneer sheets imports increased for the third consecutive year. In 2021, Mexico imported 310.0 K m³ of veneer sheets, indicating a steep improvement of 87.8% year-over-year. Between 2018 and 2021, imports grew by 199.2%, equating to an annualized rate of 44.1%.

Annual dynamics of product's imports to Mexico in kind, 2018-2021, K m³

In 2018–2021, three principal markets—the United States, China, and Spain—together accounted for 83.1% of total imports in kind of veneer sheets to Mexico.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Mexico in kind, 2018-2021

Imports in value, K $ US

Mexico's veneer sheets imports increased for the second consecutive year. In 2021, Mexico imported a total of 52 835 K $ US of veneer sheets, indicating a significant rise of 18.1% compared to the previous year. Between 2018 and 2021, imports increased by 30%, equating to an annualized rate of 9.1%. The minimum value was recorded in 2019 at 52 835 K $ US, with the largest decline that year at 2.5%.

Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US

Throughout 2018–2021, the United States (61.1% of imports in value terms), China (9.8% of imports in value terms), and Germany (9.7% of imports in value terms) formed the key group of partners for imports in value terms of veneer sheets to Mexico, jointly representing 80.6% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Mexico in value, 2018-2021