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Canada - MDF - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

Canada - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Jul 17, 2023

Canada's MDF Price Continues to Rise, Now Sitting at $963 per Cubic Meter following Two Straight Months of Growth

Canada MDF Import Price in February 2023

In February 2023, the mdf price stood at $963 per cubic meter (CIF, Canada), picking up by 4.9% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs in February 2023.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Chile ($1,517 per cubic meter), while the price for Malaysia ($510 per cubic meter) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of MDF in Canada (USD per cubic meter)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Chile1,0971,1251,4561,2081,3111,3671,1741,0799961,4161,2241,5831,517
Belgium8828568928518568749179499388808289081,182
Argentina1,0611,0961,0791,0701,0781,1351,1461,1641,0101,1399101,2511,133
Austria9069399171,0011,0231,1561,0921,0139769499149331,012
Ecuador774824878843965970993964944982945N/A984
Germany839818890903917942966952919902833895959
United States849816867773864906857814877918894950941
Turkey6811,028981818825811904836907868685882920
Switzerland904839887845865860851923851998830875902
Poland9608599501,2228988888839328331,240867905862
China808819907801806845830844823799740829831
Malaysia4164004953467504489,582N/A388589447545510
Average849880930871910928947930895920821918963

Canada MDF Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In February 2023, the product with the highest price was medium density fibreboard (MDF) of thickness over 9 mm ($1,014 per cubic meter), while the price for medium density fibreboard (MDF) of thickness from 5 to 9 mm ($817 per cubic meter) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by medium density fibreboard (MDF) of thickness over 9 mm (+1.6%), while the prices for the other products experienced a decline.

Canada MDF Imports

For the fourth consecutive month, Canada recorded decline in purchases abroad of MDF, which decreased by -3.3% to 17K cubic meters in February 2023. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in May 2022 when imports increased by 52% m-o-m. As a result, imports reached the peak of 40K cubic meters. From June 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

In value terms, MDF imports totaled $17M (IndexBox estimates) in February 2023. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in May 2022 with an increase of 42% m-o-m. Imports peaked at 35M cubic meters in June 2022; however, from July 2022 to February 2023, imports stood at a somewhat lower figure.

Canada MDF Imports by Type

In February 2023, medium density fibreboard (MDF) of thickness over 9 mm (12K cubic meters) constituted the largest type of MDF supplied to Canada, accounting for a 69% share of total imports. Moreover, medium density fibreboard (MDF) of thickness over 9 mm exceeded the figures recorded for the second-largest type, medium density fibreboard (MDF) of thickness from 5 to 9 mm (3.8K cubic meters), threefold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of medium density fibreboard (MDF) of thickness over 9 mm stood at -4.4%. With regard to the other supplied products, the following average monthly rates of growth were recorded: medium density fibreboard (MDF) of thickness from 5 to 9 mm (-3.1% per month) and medium density fibreboard (MDF) of thickness under 5 mm (+5.0% per month).

In value terms, medium density fibreboard (MDF) of thickness over 9 mm ($12M) constituted the largest type of MDF supplied to Canada, comprising 72% of total imports. The second position in the ranking was taken by medium density fibreboard (MDF) of thickness from 5 to 9 mm ($3.1M), with a 19% share of total imports.

Canada MDF Imports by Country

China (4.9K cubic meters), the United States (3.3K cubic meters) and Turkey (3K cubic meters) were the main suppliers of MDF imports to Canada, with a combined 65% share of total imports. These countries were followed by Germany, Switzerland, Chile, Argentina, Ecuador, Poland, Austria, Malaysia and Belgium, which together accounted for a further 29%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest MDF suppliers to Canada were China ($4.1M), the United States ($3.1M) and Turkey ($2.8M), with a combined 60% share of total imports. These countries were followed by Germany, Chile, Argentina, Switzerland, Ecuador, Austria, Poland, Belgium and Malaysia, which together accounted for a further 31%.

In terms of the main suppliers, Malaysia, with a CAGR of +24.7%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mdf market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1648 - MDF/HDF

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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