Report Update: Nov 1, 2024

World - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Wood-based panels market

Wood-based panels market: get access to the most recent statistics provided by an Ai-driven business intelligence platform. Facts and figures include consumption, exports, production, companies, market prices, trade, market size, and imports. There is a breakdown by region, including Latin America, Russia, China, EU, the Middle East, the U.S., Africa, and the U.K. Market insights and forecast to 2030 are also provided in the reports.

Wood-based Panels - World's Largest Markets

Rating	Country
1	China
2	United States
3	India
4	Germany
5	Poland

In value terms, the largest wood-based panels markets worldwide were China, the United States and India, with a combined 63% share of the global market. Germany, Poland, Japan, Russia, Brazil and Turkey lagged somewhat behind, together accounting for a further 11%.

Poland saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while wood-based panels market for the other global leaders experienced mixed trends in the market figures.

Wood-Based Panels Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per cubic meter			CAGR, 2018-2020
Thailand	223	223	174	-11.5%
France	385	337	227	-23.2%
Brazil	385	356	267	-16.6%
Turkey	320	293	286	-5.5%
Russia	359	331	290	-10.1%
Canada	368	336	301	-9.6%
Spain	519	491	335	-19.7%
Belgium	450	439	347	-12.2%
Poland	425	398	361	-7.8%
Austria	472	444	478	0.6%
Germany	582	528	503	-7.0%
China	570	526	519	-4.6%
Indonesia	643	625	527	-9.5%
Average	461	433	384	-8.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Indonesia ($527 per cubic meter), while Thailand ($174 per cubic meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per cubic meter			CAGR, 2018-2020
Japan	623	610	567	-4.6%
Austria	575	515	454	-11.2%
United Kingdom	468	467	439	-3.1%
France	529	518	434	-9.4%
Germany	436	415	411	-2.9%
Netherlands	479	428	393	-9.4%
United States	484	475	389	-10.3%
South Korea	345	325	364	2.7%
Italy	401	384	353	-6.1%
China	376	364	300	-10.7%
Belgium	417	338	270	-19.5%
Poland	289	282	178	-21.5%
Saudi Arabia	176	143	127	-15.1%
Average	437	415	367	-8.4%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($567 per cubic meter), while Saudi Arabia ($127 per cubic meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the import price figures.

Wood-Based Panels - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	6.3	5.3	6.4	1.1%
Germany	2.5	2.3	2.3	-5.0%
Japan	2.4	2.1	1.7	-16.3%
United Kingdom	1.6	1.5	1.3	-10.7%
France	1.3	1.2	1.2	-4.8%

In value terms, the United States ($6.4B) constitutes the largest market for imported wood-based panels worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($2.3B), with a 6.5% share of global imports. It was followed by Japan, with a 4.8% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to +1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and Japan (-16.3% per year).

Wood-Based Panels - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	7.5	6.1	5.9	-11.2%
Canada	3	2.4	3	-0.4%
Germany	3.3	3	2.8	-7.5%
Indonesia	2.2	1.9	2	-5.8%
Russia	2.2	2.1	1.9	-5.8%

In value terms, China ($5.9B), Canada ($3B) and Germany ($2.8B) constituted the countries with the highest levels of exports in 2020, with a combined 33% share of global exports. These countries were followed by Indonesia, Russia, Austria, Poland, Belgium, Brazil, Thailand, France, Spain and Turkey, which together accounted for a further 34%.

Turkey recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Wood-Based Panels - Market Forecast

Driven by rising demand for wood-based panels worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Wood-based Panels - Product Coverage

HS 441112 - Medium density fibreboard (MDF), of a thickness not exceeding 5 mm
HS 441113 - Medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm
HS 441114 - Medium density fibreboard (MDF), of a thickness exceeding 9 mm
HS 441192 - Fibreboard (other than MDF) of a density exceeding 0.8g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
HS 441193 - Fibreboard (other than MDF) of a density exceeding 0.5g/cm3 but not 0.8g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
HS 441194 - Fibreboard (other than MDF) of a density not exceeding 0.5g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
HS 441011 - Wood; particle board and similar board of wood, whether or not agglomerated with resins or other organic binding substances, waferboard, including oriented strand board
HS 441012 - Oriented strand board (OSB) of wood, whether or not agglomerated with resins or other organic binding substances
HS 441019 - Wood; particle board and similar board of wood, whether or not agglomerated with resins or other organic binding substances, not waferboard or oriented strand board
HS 441090 - Particle board, oriented strand board (OSB) and similar board of ligneous materials other than wood, whether or not agglomerated with resins or other organic binding substances
HS 441231 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of tropical wood, (as specified in subheading note 1, chapter 44, customs tariff)
HS 441232 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of non-coniferous wood, (without an outer ply of tropical wood as specified in subheading note 1, chapter 44, customs tariff)
HS 441233 - Plywood; with sheets of wood only; not bamboo; each ply 6mm or less, with at least one outer ply of alder, ash, beech, birch, cherry, chestnut, elm, eucalyptus, hickory, horse chestnut, lime, maple, oak, plane, poplar, aspen, robinia, tulipwood or walnut
HS 441234 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of non-coniferous wood not listed in subheading 4412.33
HS 441239 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with both outer plies of coniferous wood
HS 441294 - Blockboard, laminboard and battenboard (not bamboo, and other than plywood consisting only of sheets of wood each ply 6mm or thinner)
HS 441299 - Plywood; not containing an outer layer of non-coniferous wood, not containing a layer of particle board
HS 440810 - Wood; coniferous, sheets for veneering (including those obtained by slicing laminated wood), for plywood or similar laminated wood and other wood, sawn lengthwise, sliced or peeled, planed or not, sanded, spliced or end-jointed, not over 6 mm thick
HS 440831 - Wood, tropical; dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, not thicker than 6mm
HS 440839 - Wood, tropical; as in Subheading note 2 to this Chapter, n.e.c. in item no. 4408.31, sheets for veneer or plywood, other wood sawn length wise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm
HS 440890 - Wood; n.e.s. in heading no. 4408, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, not thicker than 6mm

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global wood-based panels market. 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 1647 - Hardboard
FCL 1648 - MDF/HDF
FCL 1650 - Other fibreboard
FCL 1697 - Particle board
FCL 1606 - OSB
FCL 1640 - Plywood
FCL 1634 - Veneer sheets

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023