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U.S. Softwood Veneer and Plywood Market. Analysis And Forecast to 2030
Report Update: Jan 1, 2025

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

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Softwood veneer and plywood Price in United States - 2023

Contents:

  1. Price Forecast for Softwood Veneer and Plywood in the United States till 2025
  2. Softwood veneer and plywood Price in United States (CIF) - 2023
  3. Softwood veneer and plywood Price in United States (FOB) - 2023
  4. United States Softwood veneer and plywood Imports
  5. United States Softwood veneer and plywood Exports

Price Forecast for Softwood Veneer and Plywood in the United States till 2025

Price Forecast for Softwood Veneer and Plywood in the United States till 2025
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Softwood veneer and plywood Price in United States (CIF) - 2023

In March 2023, the average softwood veneer and plywood import price amounted to $4.3 per cubic meter, growing 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 when the average import price increased by 34% m-o-m. The import price peaked at $4.9 per cubic meter in April 2022; however, from May 2022 to March 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, 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%).

Softwood veneer and plywood Price in United States (FOB) - 2023

The average softwood veneer and plywood export price stood at $10.2 per cubic meter in March 2023, declining by -10.1% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 an increase of 35% against the previous month. Over the period under review, the average export prices reached the peak figure at $15.3 per cubic meter in October 2022; however, from November 2022 to March 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($9.8 per cubic meter), while the average price for exports to Germany ($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 recorded for supplies to Canada (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

United States Softwood veneer and plywood Imports

COUNTRY2019202020212022CAGR,
2019-2022
Million USD
Canada32934458758921.4%
New Zealand5.45.36.98.315.4%
Others5566401,05397020.4%
Total8909901,6471,56720.8%

Top Suppliers of Softwood veneer and plywood to United States 2022:

  1. Canada (362.3M cubic meters)
  2. New Zealand (8.9M cubic meters)

In 2022, softwood veneer and plywood imports into the United States expanded slightly to 374M cubic meters, with an increase of 3.9% on the previous year's figure. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 8,357% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, softwood veneer and plywood imports dropped slightly to $1.6B in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 66%. As a result, imports reached the peak of $1.6B, and then declined in the following year.

United States Softwood veneer and plywood Exports

COUNTRY2019202020212022CAGR,
2019-2022
Million USD
Canada79.288.314713419.2%
Mexico35.438.775.183.233.0%
Germany1.50.60.81.3-4.7%
Spain1.81.11.10.8-23.7%
Italy2.70.51.10.7-36.2%
Others97.256.988.478.8-6.8%
Total21818631429911.1%

Top Export Markets for Softwood veneer and plywood from United States 2022:

  1. Canada (14.1M cubic meters)
  2. Mexico (12.1M cubic meters)
  3. Germany (1.0M cubic meters)
  4. Italy (0.5M cubic meters)
  5. Spain (0.5M cubic meters)

For the fourth consecutive year, the United States recorded growth in shipments abroad of softwood veneer and plywood, which increased by 3.8% to 31M cubic meters in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,448% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, softwood veneer and plywood exports contracted slightly to $299M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of $314M, and then contracted in the following year.

Source: IndexBox Market Intelligence Platform

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:

  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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