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U.S. - MDF - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

U.S. - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Sep 16, 2024

U.S. MDF Imports Plummet to $973 Million in 2023

U.S. MDF Imports

In 2023, overseas purchases of MDF decreased by -24.4% to 1.4M cubic meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2013 to 2023: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 36% against the previous year. Imports peaked at 1.8M cubic meters in 2022, and then declined sharply in the following year.

In value terms, MDF imports reduced sharply to $973M (IndexBox estimates) in 2023. In general, total imports indicated temperate growth from 2013 to 2023: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of 49%. As a result, imports attained the peak of $1.6B, and then reduced remarkably in the following year.U.S. MDF Imports By Country (Million USD)

COUNTRYImport Value of MDF in U.S. (million USD)
20132014201520162017201820192020202120222023
Canada176217250221208239245240314418338
Chile51.859.681.9181188203204215287468223
China29931628924724022114491.9104151112
Brazil2.52.73.413.225.532.229.032.760.717447.8
Germany43.961.478.991.311012010599.371.477.243.3
New Zealand14.415.320.830.626.522.521.014.917.430.430.0
Argentina0.61.41.59.010.30.52.12.03.61.827.1
Austria45.145.852.350.429.730.828.136.646.647.813.2
Others28.232.445.692.910587.897.5104162218137
Total6617518239379449568758361,0661,586973

Imports by Country

Canada (474K cubic meters), Chile (294K cubic meters) and China (164K cubic meters) were the main suppliers of MDF imports to the United States, together accounting for 68% of total imports. Brazil, New Zealand, Germany, Argentina and Austria lagged somewhat behind, together accounting for a further 15%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest MDF suppliers to the United States were Canada ($338M), Chile ($223M) and China ($112M), together accounting for 69% of total imports. Brazil, Germany, New Zealand, Argentina and Austria lagged somewhat behind, together comprising a further 17%.

Argentina, with a CAGR of +45.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In 2023, medium density fibreboard (MDF) of thickness over 9 mm (970K cubic meters) constituted the largest type of MDF supplied to the United States, accounting for a 71% 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 (215K cubic meters), fivefold.

From 2013 to 2023, the average annual growth rate of the volume of medium density fibreboard (MDF) of thickness over 9 mm imports amounted to +3.4%. With regard to the other supplied products, the following average annual rates of growth were recorded: medium density fibreboard (MDF) of thickness from 5 to 9 mm (-1.8% per year) and medium density fibreboard (MDF) of thickness under 5 mm (+2.0% per year).

In value terms, medium density fibreboard (MDF) of thickness over 9 mm ($661M) constituted the largest type of MDF supplied to the United States, comprising 68% of total imports. The second position in the ranking was held by medium density fibreboard (MDF) of thickness from 5 to 9 mm ($164M), with a 17% share of total imports.

Import Prices by Country

In 2023, the mdf price stood at $714 per cubic meter (CIF, US), falling by -18.8% against the previous year. Overall, import price indicated a slight expansion from 2013 to 2023: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, MDF import price increased by +26.5% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 34%. The import price peaked at $880 per cubic meter in 2022, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($1.4 thousand per cubic meter), while the price for Turkey ($333 per cubic meter) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Austria (+5.3%), 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 mdf market 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:

  • FCL 1648 - MDF/HDF

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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 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 Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    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 Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    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 Of Destination, 2012–2024

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