Eastern Europe: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in Eastern Europe

In 2021, the East European oriented strandboard (OSB) market was finally on the rise to reach $X after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.4% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Oriented Strandboard (Osb) Production in Eastern Europe

In value terms, oriented strandboard (OSB) production rose markedly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the immediate term.

Oriented Strandboard (Osb) Exports

Exports in Eastern Europe

In 2021, overseas shipments of oriented strandboard (OSB) increased by 8.8% to X cubic meters, rising for the second consecutive year after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.1% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, oriented strandboard (OSB) exports surged to $X in 2021. Overall, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Latvia (X cubic meters), Russia (X cubic meters), Romania (X cubic meters), the Czech Republic (X cubic meters), Belarus (X cubic meters), Poland (X cubic meters) and Hungary (X cubic meters), together finishing at 96% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +95.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest oriented strandboard (OSB) supplying countries in Eastern Europe were Latvia ($X), the Czech Republic ($X) and Romania ($X), with a combined 51% share of total exports. These countries were followed by Russia, Belarus, Poland and Hungary, which together accounted for a further 46%.

In terms of the main exporting countries, Russia, with a CAGR of +102.9%, 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

In 2021, the export price in Eastern Europe amounted to $X per cubic meter, increasing by 65% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Hungary ($X per cubic meter) and Belarus ($X per cubic meter), while Russia ($X per cubic meter) and Romania ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the other leaders experienced more modest paces of growth.

Oriented Strandboard (Osb) Imports

Imports in Eastern Europe

In 2021, purchases abroad of oriented strandboard (OSB) decreased by -16.4% to X cubic meters for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports reached the peak of X cubic meters, and then fell remarkably in the following year.

In value terms, oriented strandboard (OSB) imports soared to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.1% against 2018 indices. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X cubic meters), distantly followed by Russia (X cubic meters), the Czech Republic (X cubic meters), Romania (X cubic meters), Latvia (X cubic meters), Slovakia (X cubic meters), Lithuania (X cubic meters) and Hungary (X cubic meters) represented the main importers of oriented strandboard (OSB), together committing 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 50% of total imports. These countries were followed by Romania, Slovakia, Lithuania, Latvia and Hungary, which together accounted for a further 40%.

Latvia, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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