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U.S. Hardwood Veneer and Plywood Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Hardwood Veneer and Plywood Market. Analysis And Forecast to 2030

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May 14, 2023

Hardwood Veneer and Plywood Import in United States Grows to $127M in March 2023

U.S. Hardwood Veneer and Plywood Imports

In March 2023, the amount of hardwood veneer and plywood imported into the United States expanded significantly to 17M cubic meters, increasing by 9.6% against February 2023 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when imports increased by 22% against the previous month. As a result, imports reached the peak of 19M cubic meters. From November 2022 to March 2023, the growth of imports remained at a somewhat lower figure.

In value terms, hardwood veneer and plywood imports reached $127M (IndexBox estimates) in March 2023. In general, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in October 2022 with an increase of 11% month-to-month. Imports peaked at 378M cubic meters in March 2022; however, from April 2022 to March 2023, imports stood at a somewhat lower figure.

COUNTRYImport Value of Hardwood Veneer and Plywood in U.S. (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Canada34.332.333.633.130.424.028.931.029.223.927.528.731.1
Spain11.713.111.616.914.213.86.27.94.54.94.92.95.4
China22.117.813.822.119.921.214.012.710.312.611.58.64.8
Italy3.32.83.64.83.64.02.02.82.83.82.52.13.1
Germany1.61.12.01.01.62.11.02.21.52.22.11.21.9
Portugal0.30.20.80.70.80.20.5N/A0.70.30.20.31.0
Slovenia0.40.50.30.21.41.00.70.41.00.70.20.40.6
Denmark0.60.30.60.71.10.60.31.20.91.00.80.80.5
Estonia1.20.71.02.01.61.31.72.41.70.70.90.70.4
India1.00.90.70.30.51.20.40.40.40.40.60.10.1
Others30127925321617620317819812210196.780.678.3
Total378348321298251272233259175151148126127

Imports by Country

In March 2023, Canada (9.3M cubic meters) constituted the largest hardwood veneer and plywood supplier to the United States, accounting for a 54% share of total imports. Moreover, hardwood veneer and plywood imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (1.4M cubic meters), sevenfold. Italy (1.4M cubic meters) ranked third in terms of total imports with an 8.2% share.

From March 2022 to March 2023, the average monthly growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+1.6% per month) and Italy (-0.3% per month).

In value terms, Canada ($31M) constituted the largest supplier of hardwood veneer and plywood to the United States, comprising 24% of total imports. The second position in the ranking was taken by Spain ($5.4M), with a 4.3% share of total imports. It was followed by China, with a 3.8% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Spain (-6.2% per month) and China (-11.9% per month).

Import Prices by Country

In March 2023, the hardwood veneer and plywood price stood at $7.5 per cubic meter (CIF, US), reducing by -8.2% against the previous month. Over the period under review, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in August 2022 an increase of 26% m-o-m. The import price peaked at $22.0 per cubic meter in April 2022; however, from May 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($26.9 per cubic meter), while the price for Denmark ($1.3 per cubic meter) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hardwood veneer and plywood in the U.S.. 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:

  • NAICS 321211 - Hardwood veneer and plywood manufacturing

Companies mentioned:

  • Columbia Forest Products
  • Smith Family Companies
  • Veneer Technologies
  • States Industries
  • Decorative Panels International
  • Mt. Baker Products
  • Rutland Plywood Corp.
  • The Freeman Corporation
  • Marion Plywood Corporation
  • David R. Webb Company
  • Nmsa
  • International Timber and Veneer
  • Miller Veneers
  • Amos-Hill Associates
  • Swaner Hardwood Co.
  • Manthei
  • Murphy Company
  • Ferche Millwork
  • Standard Plywoods Incorporated
  • Swanson Group Mfg.
  • Coldwater Veneer
  • Birchwood Lumber & Veneer Co.
  • Plycraft Industries
  • Bessemer Plywood Corp.
  • Davis Wood Products
  • Timber Products Michigan Limited Partnership
  • Danzer Services
  • Northern Michigan Veneers
  • Columbia Plywood Corporation
  • Plum Creek Northwest Plywood
  • Coastal Plywood Company
  • Ivc USA Inc.

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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 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 TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    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 Exports

    This Chapter is Available Only for the Professional Edition PRO
    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

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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