Australia: Veneer Sheet Market 2024

Veneer Sheet Market Size in Australia

The Australian veneer sheet market declined to $X in 2022, with a decrease of -8.1% against the previous year. In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Veneer Sheet Production in Australia

In value terms, veneer sheet production shrank to $X in 2022 estimated in export price. In general, production recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 101%. Veneer sheet production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Veneer Sheet Exports

Exports from Australia

In 2022, veneer sheet exports from Australia shrank slightly to X square meters, reducing by -4.8% on 2021 figures. Over the period under review, exports faced a significant contraction. The growth pace was the most rapid in 2014 with an increase of 72%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, veneer sheet exports contracted remarkably to $X in 2022. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 67% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X square meters) was the main destination for veneer sheet exports from Australia, accounting for a 98% share of total exports. It was followed by Malaysia (X square meters), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled +42.6%.

In value terms, New Zealand ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Australia, comprising 94% of total exports. The second position in the ranking was held by Malaysia ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to +17.4%.

Export Prices by Country

In 2022, the average veneer sheet export price amounted to $X per square meter, with a decrease of -12.5% against the previous year. In general, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 285% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to New Zealand stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+33.4%).

Veneer Sheet Imports

Imports into Australia

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 3.2% to X square meters, rising for the third consecutive year after four years of decline. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 80%. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, veneer sheet imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X square meters) constituted the largest veneer sheet supplier to Australia, with a 49% share of total imports. Moreover, veneer sheet imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X square meters), fourfold. Spain (X square meters) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.8% per year) and Spain (+0.6% per year).

In value terms, the largest veneer sheet suppliers to Australia were Italy ($X), the United States ($X) and Malaysia ($X), with a combined 53% share of total imports. Spain, China, Brazil, Indonesia and New Zealand lagged somewhat behind, together comprising a further 21%.

Indonesia, with a CAGR of +33.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, surging by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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