Veneer sheets market in Trinidad and Tobago

Earlier Report Observations

The market for veneer sheets in Trinidad and Tobago experienced considerable fluctuations from 2018 to 2023. After expanding to 2 213 m³ in 2019, consumption declined over the next two years, dropping to 1 909 m³ in 2021. A temporary recovery lifted the market to 2 074 m³ in 2022, but it fell again to 1 703 m³ in 2023, marking the lowest point in the period.

Domestic production remained stable at 2 000 m³ throughout, while imports varied significantly from 936 m³ in 2018 to as low as 75 m³ in 2022. This volatility in trade flows contributed to the overall market movements, with net trade playing a key role in the market size changes.

Production veneer sheets in Trinidad and Tobago

In kind, 2017-2020, m³

Top producers of veneer sheets, 2017-2020

World map of production of veneer sheets, 2017-2020

In 2020, Trinidad and Tobago produced 2 000 m³ of veneer sheets, showing minimal change from the 2019 level. The most significant decline occurred in 2018, at 0.0%, while the largest increase was also recorded in 2018, at 0.0%.

Annual dynamics of production in Trinidad and Tobago in kind, 2017-2020, m³

Exports veneer sheets from Trinidad and Tobago

Exports in kind, m³

Veneer sheets exports from Trinidad and Tobago declined for the third year in a row. In 2020, exports dropped sharply to 230 m³, marking a 58.5% decrease from the previous year. From 2017 to 2020, exports fell by 95.3%, which translates to an annualized decline of 64.0%.

Annual dynamics of product's exports from Trinidad and Tobago in kind, 2017-2020, m³

Between 2017 and 2020, Grenada was the dominant export partner in terms of volume, accounting for 84.5% of total flows, while other markets held relatively modest shares.

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

World map of product's exports from Trinidad and Tobago in kind, 2017-2020

Exports in value, K $ US

The data shows irregular changes, pointing to a volatile market environment. Export volumes reached their lowest point in 2017 and peaked in 2019, with a sevenfold difference between these years. In 2020, cross-border shipments of veneer sheets from Trinidad and Tobago amounted to 55.2 K $ US, reflecting a steep 41.7% drop from the prior year. The maximum value was recorded in 2019 at 94.7 K $ US, with the largest increase that year at 195.6%.

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

From 2017 to 2020, Italy, the British Virgin Islands, and Saint Lucia were the main buyers of veneer sheets from Trinidad and Tobago in value terms, with shares of 68.1%, 7.6%, and 6.8%, respectively. Together, they accounted for 82.5% of total export value.

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

World map of product's exports from Trinidad and Tobago in value, 2017-2020

Imports veneer sheets to Trinidad and Tobago

Imports in kind, m³

Market behavior during these years was marked by volatility. Imports bottomed out in 2020 and peaked in 2018, with a ninefold difference between these years. In 2020, Trinidad and Tobago imported 200 m³ of veneer sheets, a 73.9% decrease from 2019. The maximum volume was recorded in 2018 at 1 790 m³, with the largest increase that year at 154.6%.

Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, m³

Between 2017 and 2020, imports of veneer sheets to Trinidad and Tobago were primarily directed toward the United States and Guyana, which together made up 97.6% of total flows, while other destinations played a secondary role.

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

World map of product's imports to Trinidad and Tobago in kind, 2017-2020

Imports in value, K $ US

Trinidad and Tobago's veneer sheets imports declined for the second consecutive year. In 2020, imports fell sharply to approximately 103.3 K $ US, a 36.0% drop from the previous year. Over the 2017-2020 period, imports decreased by 30.5%, with a compound annual growth rate of -11.4%. The maximum value was recorded in 2018 at 181.9 K $ US, with the largest increase that year at 22.3%.

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

From 2017 to 2020, Guyana was the key import partner in value terms, accounting for 90.2% of total flows.

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

World map of product's imports to Trinidad and Tobago in value, 2017-2020