Belarus: Veneer Sheet Market 2024

Veneer Sheet Market Size in Belarus

The Belarusian veneer sheet market reached $X in 2022, picking up by 12% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Veneer Sheet Production in Belarus

In value terms, veneer sheet production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. Veneer sheet production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Veneer Sheet Exports

Exports from Belarus

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported from Belarus; dropping by -27.8% on the previous year's figure. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 73%. Over the period under review, the exports hit record highs at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, veneer sheet exports dropped to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 61%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

Lithuania (X square meters) was the main destination for veneer sheet exports from Belarus, with a 41% share of total exports. Moreover, veneer sheet exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X square meters), twofold. The third position in this ranking was held by Poland (X square meters), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+43.2% per year) and Poland (+37.6% per year).

In value terms, Lithuania ($X), Bulgaria ($X) and Latvia ($X) constituted the largest markets for veneer sheet exported from Belarus worldwide, with a combined 63% share of total exports.

Bulgaria, with a CAGR of +442.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, picking up by 33% against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2021 an increase of 38% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Belarus

In 2022, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 33% to X square meters, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 56% against the previous year. As a result, imports attained the peak of X square meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, veneer sheet imports fell to $X in 2022. Over the period under review, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when imports increased by 30% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X square meters), Ukraine (X square meters) and Croatia (X square meters) were the main suppliers of veneer sheet imports to Belarus, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Belarus, comprising 39% of total imports. The second position in the ranking was taken by Estonia ($X), with a 17% share of total imports. It was followed by Croatia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+44.0% per year) and Croatia (+66.0% per year).

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, reducing by -29.1% against the previous year. Overall, the import price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 133% against the previous year. The import price peaked at $X per square meter in 2021, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Russia ($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 the Czech Republic (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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