United Kingdom: Particle Board Market 2024

Particle Board Market Size in the UK

The UK particle board market contracted to $X in 2022, waning by -6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Particle Board Production in the UK

In value terms, particle board production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Particle Board Exports

Exports from the UK

After three years of growth, overseas shipments of particle board decreased by -16.9% to X cubic meters in 2022. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2019 when exports increased by 50%. Over the period under review, the exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, particle board exports shrank to $X in 2022. In general, exports, however, showed a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The Netherlands (X cubic meters) was the main destination for particle board exports from the UK, with a 40% share of total exports. Moreover, particle board exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X cubic meters), twofold. The third position in this ranking was held by Norway (X cubic meters), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-0.7% per year) and Norway (-0.7% per year).

In value terms, the largest markets for particle board exported from the UK were the Netherlands ($X), Ireland ($X) and the United States ($X), together accounting for 66% of total exports. Norway, Sweden, Latvia, France and Belgium lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Latvia, with a CAGR of +90.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, rising by 14% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board export price increased by +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into the UK

In 2022, imports of particle board into the UK contracted rapidly to X cubic meters, waning by -20.9% on the previous year. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced rapidly in the following year.

In value terms, particle board imports contracted to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X cubic meters), France (X cubic meters) and Ireland (X cubic meters) were the main suppliers of particle board imports to the UK, together accounting for 52% of total imports. Belgium, Portugal, Latvia, Luxembourg, Spain, China, Switzerland, Italy and Poland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +146.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board suppliers to the UK were Germany ($X), France ($X) and Ireland ($X), together comprising 51% of total imports. Belgium, Portugal, Latvia, China, Spain, Luxembourg, Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further 44%.

In terms of the main suppliers, Switzerland, with a CAGR of +85.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Luxembourg ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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