Wood in the rough market in Venezuela

Earlier Report Observations

In 2018, Venezuela's formal accession to the International Tropical Timber Agreement opened avenues for technical cooperation and international funding, providing stability to the forestry sector amid an economic crisis. Despite equipment shortages and high operational costs, production gradually increased, aided by product diversification from Caribbean pine to paper and particle boards. By 2020, the transfer of timber production from natural forests to regulated plantations and concessions improved management practices, supporting a steady rise in output.

Market volume stabilized briefly in 2021 before responding to robust global demand for certified tropical timber in 2022, particularly from Asian markets. Although Venezuela faced persistent logistical and economic constraints that limited its export capacity, domestic production continued to grow, reaching 3.7 million tons by 2023. The country's internal market for wood in the rough expanded to 3.7 million tons, reflecting gradual sectoral resilience.

Production wood in the rough in Venezuela

In kind, 2017-2020, K t

Top producers of wood in the rough, 2017-2020

World map of production of wood in the rough, 2017-2020

Venezuela's production of wood in the rough increased for the third consecutive year. In 2019, production remained relatively stable, and in 2020, it reached 3 685 thousand tonnes, showing little change from the previous year.

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

Exports wood in the rough from Venezuela

Exports in kind, t

The market exhibited an unstable trend throughout the period. Exports bottomed in 2017 and peaked in 2019, with a 10.8-fold difference between these years. In 2020, wood in the rough exports from Venezuela amounted to 3 834 tonnes, representing an abrupt reduction of 62.1% compared to 2019. The maximum value was recorded in 2019 at 10 123 tonnes, while the largest increase occurred in 2018 with a 603.8% rise.

Annual dynamics of product's exports from Venezuela in kind, 2017-2020, t

From 2017 to 2020, China was the key buyer of wood in the rough from Venezuela, accounting for 85.9% of total exports in kind, with a diversified group of other countries making up the remainder.

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

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

Exports in value, K $ US

Volatility characterized the market behavior during these years. Exports bottomed in 2017 and peaked in 2018, with a 6.2-fold difference. In 2020, cross-border shipments of wood in the rough from Venezuela totalled 1 930 thousand US dollars, down by 1.0% compared to 2019. The maximum value was recorded in 2018 at 2 594 thousand US dollars. The largest decline occurred in 2019 with a 24.8% drop, while the largest increase was in 2018 with a 521.0% rise.

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

From 2017 to 2020, the country structure of exports in value terms was strongly concentrated on China and India, which together accounted for 93.0% of total flows, with other partners forming a residual share.

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

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

Imports wood in the rough to Venezuela

Imports in kind, t

The market showed signs of volatility over the observed period. Imports bottomed in 2018 and peaked in 2020, changing by a factor of 21. In 2020, Venezuela's wood in the rough imports reached 885 tonnes, corresponding to a gain of 1 494.5% over 2019. The minimum value was recorded in 2018 at 42 tonnes, and the largest decline occurred in 2018 with an 88.4% drop.

Annual dynamics of product's imports to Venezuela in kind, 2017-2020, t

Throughout 2017 to 2020, the United States dominated the country structure of imports in kind, with a share of 98.7% of total flows.

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

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

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Imports bottomed in 2019 and peaked in 2020, with volumes varying 14 times. In 2020, Venezuela's wood in the rough imports tallied 178 thousand US dollars, marking a sharp increase of 1 301.6% compared with 2019. The minimum value was recorded in 2019 at 13 thousand US dollars, and the largest decline occurred in 2018 with a 76.8% drop.

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

Over 2017 to 2020, the structure of imports in value terms was dominated by a single market: the United States, with a share of 95.9% of total flows.

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

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