Global Wood-Based Panels Market 2024

Wood-Based Panels Market Size

In 2022, the global wood-based panels market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Global consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production

In value terms, wood-based panels production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Wood-Based Panels Exports

Exports

After two years of growth, shipments abroad of wood-based panels decreased by X% to X cubic meters in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, wood-based panels exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X cubic meters), followed by Canada (X cubic meters), France (X cubic meters), Thailand (X cubic meters), Russia (X cubic meters), Germany (X cubic meters) and Belgium (X cubic meters) represented the largest exporters of wood-based panels, together committing X% of total exports. Brazil (X cubic meters), Spain (X cubic meters), Poland (X cubic meters), Turkey (X cubic meters), Indonesia (X cubic meters) and the Netherlands (X cubic meters) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Russia, Indonesia, Poland, Belgium, Brazil, Spain, Thailand, Turkey, France and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per cubic meter), while the Netherlands ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Wood-Based Panels Imports

Imports

After two years of growth, supplies from abroad of wood-based panels decreased by X% to X cubic meters in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters, and then fell in the following year.

In value terms, wood-based panels imports declined to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, the United States (X cubic meters), distantly followed by Belgium (X cubic meters), France (X cubic meters), the Netherlands (X cubic meters) and Germany (X cubic meters) represented the major importers of wood-based panels, together committing X% of total imports. China (X cubic meters), Poland (X cubic meters), Spain (X cubic meters), Italy (X cubic meters), the UK (X cubic meters), South Korea (X cubic meters), Japan (X cubic meters) and Denmark (X cubic meters) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%), Spain (X%), Denmark (X%), China (X%), France (X%), Poland (X%), the Netherlands (X%), Italy (X%), the UK (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), the United States (X p.p.), France (X p.p.), China (X p.p.) and Spain (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wood-based panels worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per cubic meter), while Denmark ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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