Market research

Veneer sheets market in Panama

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for veneer sheets in Panama experienced significant fluctuations between 2018 and 2023. Volume peaked at 33 802 m³ in 2019 before dropping sharply to 23 771 m³ in 2020. After stabilizing near 23 700 m³ in 2021, it recovered to 30 871 m³ in 2022, only to decline again to 25 867 m³ in 2023.

Domestic production remained constant at 21 000 m³ from 2018 through 2020 but then fell to 16 000 m³ from 2021 onward. Import volumes were highly volatile, surging to 26 438 m³ in 2019 and collapsing to 3 830 m³ in 2020, which drove the overall market contraction that year. Exports were negligible except for a substantial shipment of 13 636 m³ in 2019.

For 2024, while complete market size data is not available, trade patterns shifted notably with exports jumping to 35 750 m³. Industry factors included logistics constraints in interoceanic transport from Asian manufacturing origins and ongoing modifications to municipal construction permits and technical regulations, which influenced the plywood and veneer supply chain.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Panama
  1. 5.1.1. Annual dynamics of production in Panama in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Panama in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/K m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/K m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/K m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production veneer sheets in Panama

In kind, 2017-2020, m³

Top producers of veneer sheets, 2017-2020

Source: SHEV.io

World map of production of veneer sheets, 2017-2020

Source: SHEV.io

The data shows irregular changes, indicating a volatile market environment. Import levels fluctuated 1.8 times between the low of 2017 and the high of 2018. In 2020, Panama produced 21 000 m³ of veneer sheets, remaining virtually unchanged compared to 2019. The maximum production value was recorded in 2018 at 21 000 m³. The largest decline occurred in 2019 at 0.0%, while the largest increase was in 2018 at 75.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	75.0%	-	-	20.5%

Source: SHEV.io

Exports veneer sheets from Panama

Exports in kind, m³

Panama exported 1 059 m³ of veneer sheets in 2020, which is 92.2% less than the previous year. Between 2017 and 2020, exports decreased by 94.8%, equating to an annualized decline rate of 62.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(92.2%)	(62.6%)

Source: SHEV.io

From 2017 to 2020, the United States and Cuba remained the main markets for Panama's veneer sheet exports in volume terms, jointly accounting for 97.0% of total flows, while other partners made up the remaining share.

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

Source: SHEV.io

World map of product's exports from Panama in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, Panama's veneer sheet export value reached 1.7 K $ US, marking a steep drop of 92.2% year-over-year. Over the 2017-2020 period, exports decreased by 94.8%, with a compound annual growth rate (CAGR) of -62.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(92.2%)	(62.6%)

Source: SHEV.io

From 2017 to 2020, the United States and Cuba jointly absorbed 97.0% of Panama's total veneer sheet exports in value terms, with the rest distributed across smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports veneer sheets to Panama

Imports in kind, m³

The data reveals irregular changes, indicating a volatile market environment. Import volumes varied 18 times from the high in 2017 to the low in 2020. In 2020, Panama's veneer sheet imports totaled 3 830 m³, showing a dramatic decrease of 85.5% year-over-year. The largest increase was recorded in 2019 at 153.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(84.8%)	153.3%	(85.5%)	(61.8%)

Source: SHEV.io

From 2017 to 2020, China (36.1% of imports in volume terms), Brazil (22.8%), and Bolivia (14.6%) formed the main group of sources for Panama's veneer sheet imports, with a combined share of 73.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Volatility characterized the market behavior during these years. Imports peaked in 2017 and reached their lowest point in 2020, with a 7.2-fold difference between these years. Panama imported approximately 18.5 K $ US of veneer sheets in 2020, reflecting a steep decline of 79.7% from the previous year. The largest decline occurred in 2018 at 79.8%, while the largest increase was in 2019 at 238.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(79.8%)	238.9%	(79.7%)	(48.2%)

Source: SHEV.io

From 2017 to 2020, China (41.4% of imports in value terms), the United States (18.9%), and Colombia (11.6%) formed the main cluster of markets for Panama's veneer sheet imports, with a combined share of 71.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io