Market research

Wood fuel market in Venezuela

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Venezuelan wood fuel market volume increased from 3 830 thousand m³ in 2018 to 4 393 thousand m³ in 2023. This growth was led by a 12% jump in 2019, reaching 4 303 thousand m³, after which annual expansion continued at a slower pace of under 1% per year.

Regional developments in 2024, such as economic conditions affecting fuel affordability and neighboring countries' programs to substitute wood with gas, may influence market dynamics, though their direct impact on Venezuela's wood fuel volume remains to be seen.

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 Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Venezuela 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, K 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, K 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ 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 wood fuel in Venezuela

In kind, 2017-2020, K m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Venezuela's wood fuel production increased for the third consecutive year. In 2020, the country produced 4 353 K m³ of wood fuel, marking a modest 0.6% increase compared to the previous year.

Annual dynamics of production in Venezuela in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.6%	0.6%	0.6%	0.6%

Source: SHEV.io

Exports wood fuel from Venezuela

Exports in kind, K m³

The market exhibited volatility during the observed period. Exports reached their lowest point in 2020 and peaked in 2018, with a 20-fold difference between these years. In 2020, Venezuela's wood fuel exports totaled 23.7 K m³, an 8.9% decrease from the previous year. The maximum value was recorded in 2018 at 475.6 K m³. The largest decline occurred in 2019, falling by 94.5%, while the largest increase was in 2018, rising by 327.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	327.2%	(94.5%)	(8.9%)	(40.3%)

Source: SHEV.io

From 2017 to 2020, Turkey remained the primary destination for exports in kind, accounting for 83.0% of total flows, with the rest distributed among various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market performance showed noticeable fluctuations over the period. Exports hit their lowest point in 2020 and peaked in 2018, with a 7.7-fold swing. In 2020, wood fuel exports from Venezuela amounted to 5 532 K $ US, down 9.2% from 2019. The maximum value was recorded in 2018 at 42 388 K $ US. The largest decline occurred in 2019, dropping by 85.6%, while the largest increase was in 2018, rising by 285.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	285.6%	(85.6%)	(9.2%)	(20.5%)

Source: SHEV.io

During 2017–2020, Turkey (61.9% of exports in value terms), Italy (8.9%), and Spain (5.4%) formed the main group of destinations for Venezuela's wood fuel exports in value terms, together accounting for 76.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Venezuela

Imports in kind, K m³

In 2020, Venezuela's cross-border shipments of wood fuel stood at 0.3 K m³, a 68.8% decrease compared to the previous year. Over the 2017-2020 period, imports fell by 74%, with a compound annual growth rate (CAGR) of -36.2%. The largest increase was recorded in 2019, rising by 3.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.3%)	3.4%	(68.8%)	(36.2%)

Source: SHEV.io

From 2017 to 2020, the United States held the dominant position in imports in kind, accounting for 77.0% of total flows, while the remaining share was split among various smaller destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2018 and peaked in 2020, with a peak-to-trough ratio of 2.9 times. In 2020, Venezuela's wood fuel imports reached 235 K $ US, showing a 4.5% gain over the past year. The minimum value was recorded in 2018 at 81 K $ US. The largest decline occurred in 2018, falling by 26.9%, while the largest increase was in 2019, rising by 176.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(26.9%)	176.5%	4.5%	28.3%

Source: SHEV.io

Throughout 2017–2020, Indonesia (24.4% of imports in value terms), China (17.4%), and the United States (15.0%) remained the main markets for wood fuel imports to Venezuela in value terms, jointly accounting for 56.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io