Canada: Particle Board Market 2025

Particle Board Market Size in Canada

The Canadian particle board market contracted to $X in 2022, shrinking by -11.5% against the previous year. Overall, consumption saw a perceptible slump. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Particle Board Production in Canada

In value terms, particle board production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 286%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Particle Board Exports

Exports from Canada

In 2022, shipments abroad of particle board increased by 0.1% to X cubic meters, rising for the second year in a row after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 35%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, particle board exports shrank remarkably to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for particle board exports from Canada, accounting for a 97% share of total exports. It was followed by Japan (X cubic meters), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +5.9%.

In value terms, the United States ($X) remains the key foreign market for particle board exports from Canada, comprising 98% of total exports. The second position in the ranking was taken by Japan ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.7%.

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, waning by -17.9% against the previous year. In general, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 90%. As a result, the export price attained the peak level of $X per cubic meter, and then dropped dramatically in the following year.

Average prices varied noticeably for the major export markets. In 2022, 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 Japan amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%).

Particle Board Imports

Imports into Canada

In 2022, after two years of growth, there was significant decline in supplies from abroad of particle board, when their volume decreased by -16.3% to X cubic meters. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 28%. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then fell dramatically in the following year.

In value terms, particle board imports totaled $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of particle board to Canada, accounting for a 80% share of total imports. Moreover, particle board imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), ninefold. Spain (X cubic meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.5% per year) and Spain (+66.0% per year).

In value terms, the United States ($X) constituted the largest supplier of particle board to Canada, comprising 85% of total imports. The second position in the ranking was held by Italy ($X), with a 3.1% share of total imports. It was followed by Spain, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.9% per year) and Spain (+63.4% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, rising by 33% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +91.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Italy ($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 the United States (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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