U.S. Softwood Veneer and Plywood Market. Analysis And Forecast to 2030
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View PricingSoftwood Veneer and Plywood Import in United States Surges to $90M in March 2023
U.S. Softwood Veneer and Plywood Imports
In March 2023, imports of softwood veneer and plywood into the United States expanded significantly to 21M cubic meters, with an increase of 11% against February 2023. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in May 2022 with an increase of 13% month-to-month. Imports peaked at 39M cubic meters in June 2022; however, from July 2022 to March 2023, imports failed to regain momentum.
In value terms, softwood veneer and plywood imports rose notably to $90M (IndexBox estimates) in March 2023. Over the period under review, imports, however, recorded a noticeable contraction. Imports peaked at 170M cubic meters in May 2022; however, from June 2022 to March 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Softwood Veneer and Plywood in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Canada | 59.2 | 54.7 | 60.1 | 61.2 | 50.4 | 54.1 | 47.1 | 46.2 | 39.2 | 28.8 | 33.8 | 31.1 | 38.6 |
| New Zealand | 0.8 | 0.4 | 0.7 | 0.4 | 1.1 | N/A | 1.9 | 0.7 | 0.4 | 1.2 | 0.3 | 0.1 | 0.7 |
| Others | 92.1 | 108 | 109 | 81.3 | 93.0 | 80.0 | 74.7 | 68.4 | 59.7 | 67.0 | 58.2 | 48.4 | 50.4 |
| Total | 152 | 163 | 170 | 143 | 144 | 134 | 124 | 115 | 99.3 | 97.0 | 92.3 | 79.6 | 89.8 |
Imports by Country
In March 2023, Canada (19M cubic meters) was the main softwood veneer and plywood supplier to the United States, accounting for a 94% share of total imports. Moreover, softwood veneer and plywood imports from Canada exceeded the figures recorded by the second-largest supplier, New Zealand (658K cubic meters), more than tenfold.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume from Canada totaled -4.6%.
In value terms, Canada ($39M) constituted the largest supplier of softwood veneer and plywood to the United States, comprising 43% of total imports. The second position in the ranking was taken by New Zealand ($748K), with a 0.8% share of total imports.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from Canada stood at -3.5%.
Import Prices by Country
In March 2023, the softwood veneer and plywood price amounted to $4.3 per cubic meter (CIF, US), surging by 1.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 34% m-o-m. Over the period under review, average import prices reached the maximum at $4.9 per cubic meter in April 2022; however, from May 2022 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($2.0 per cubic meter), while the price for New Zealand totaled $1.1 per cubic meter.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%).
This report provides an in-depth analysis of the market for softwood 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 321212 - Softwood veneer and plywood manufacturing
Companies mentioned:
- Roseburg Forest Products
- Timber Products Co. Limited Partnership
- Rosboro
- South Coast Lumber
- Hood Industries
- Idaho Veneer Company
- Autumn House
- Hardel Mutual Plywood Corporation
- Scotch Plywood Company
- Eagle Veneer
- American Pacific
- JDC Veneers
- Coastal Forest Resources Company
- Sylvan Forest Products
- Norbord South Carolina
- Linnton Plywood Association
- Forest Hunt Products
- Freres Lumber Co.
- Giles & Kendall
- Planet China
- Emerald Forest Products
- Baltek
- Hoquiam Plywood Products, Inc.
- Scotch Plywood Company of Mississippi
- Ppllc Corp
- US Test Company 204
- Veneer Products Acquisitions
- Excaliber 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
