Belgium: Veneer Sheets Market 2024

Veneer Sheets Market Size in Belgium

In 2022, the Belgian veneer sheets market increased by 15% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some 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 years to come.

Veneer Sheets Production in Belgium

In value terms, veneer sheets production declined modestly to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.5% against the previous year. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports from Belgium

In 2022, overseas shipments of veneer sheets decreased by -35.9% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 68% against the previous year. The exports peaked at X cubic meters in 2021, and then contracted sharply in the following year.

In value terms, veneer sheets exports reduced markedly to $X in 2022. In general, exports, however, posted a modest expansion. The pace of growth was the most pronounced in 2016 when exports increased by 46%. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

France (X cubic meters) was the main destination for veneer sheets exports from Belgium, accounting for a 46% share of total exports. Moreover, veneer sheets exports to France exceeded the volume sent to the second major destination, Croatia (X cubic meters), threefold. The Netherlands (X cubic meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+7.4% per year) and the Netherlands (+3.9% per year).

In value terms, Croatia ($X), France ($X) and the Netherlands ($X) were the largest markets for veneer sheets exported from Belgium worldwide, together comprising 69% of total exports. Germany, Austria, Italy, Denmark and Romania lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Denmark, with a CAGR of +15.4%, saw the highest growth rate of 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 veneer sheets export price stood at $X per cubic meter in 2022, remaining constant against the previous year. Overall, the export price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per cubic meter), while the average price for exports to France ($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 Croatia (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Veneer Sheets Imports

Imports into Belgium

Veneer sheets imports into Belgium contracted dramatically to X cubic meters in 2022, shrinking by -20.1% against the year before. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 56%. As a result, imports reached the peak of X cubic meters, and then declined markedly in the following year.

In value terms, veneer sheets imports expanded markedly to $X in 2022. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Serbia (X cubic meters), the Netherlands (X cubic meters) and Germany (X cubic meters) were the main suppliers of veneer sheets imports to Belgium, together accounting for 51% of total imports. Croatia, Portugal, the United States, France, Cote d'Ivoire, Spain, Italy, Ukraine and Gabon lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +32.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) constituted the largest supplier of veneer sheets to Belgium, comprising 29% of total imports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Croatia stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+22.6% per year) and Germany (+2.0% per year).

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, rising by 36% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per cubic meter), while the price for Serbia ($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 Croatia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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