United Kingdom: Mdf Market 2022

Mdf Market Size in the UK

The UK mdf market expanded notably to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mdf consumption peaked in 2021 and is expected to retain growth in the near future.

Mdf Production in the UK

In value terms, mdf production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Mdf Exports

Exports from the UK

After two years of decline, shipments abroad of mdf increased by X% to X cubic meters in 2021. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mdf exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X cubic meters) was the main destination for mdf exports from the UK, accounting for a X% share of total exports. Moreover, mdf exports to Ireland exceeded the volume sent to the second major destination, Belgium (X cubic meters), twofold. The third position in this ranking was taken by the United States (X cubic meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the United States (+X% per year).

In value terms, Ireland ($X) remains the key foreign market for mdf exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the United States (+X% per year).

Export Prices by Country

The average mdf export price stood at $X per cubic meter in 2021, growing by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mdf export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Italy ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into the UK

In 2021, the amount of mdf imported into the UK soared to X cubic meters, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, mdf imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ireland (X cubic meters) constituted the largest mdf supplier to the UK, accounting for a X% share of total imports. Moreover, mdf imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), twofold. Belgium (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Ireland totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

In value terms, the largest mdf suppliers to the UK were Ireland ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. These countries were followed by Spain, China, Poland, Turkey, Latvia, Portugal and Russia, which together accounted for a further X the main suppliers, Russia, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average mdf import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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