Eastern Europe: Veneer Sheets Market 2025

Veneer Sheets Market Size in Eastern Europe

The East European veneer sheets market rose sharply to $X in 2022, growing by 11% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.9% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Veneer Sheets Production in Eastern Europe

In value terms, veneer sheets production reached $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -0.8% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports in Eastern Europe

In 2022, approx. X cubic meters of veneer sheets were exported in Eastern Europe; dropping by -5.5% against the previous year. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +26.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, veneer sheets exports rose significantly to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Russia was the major exporter of veneer sheets in Eastern Europe, with the volume of exports recording X cubic meters, which was near 48% of total exports in 2022. Ukraine (X cubic meters) took the second position in the ranking, followed by Lithuania (X cubic meters), Estonia (X cubic meters), Latvia (X cubic meters) and Romania (X cubic meters). All these countries together took approx. 41% share of total exports. Slovakia (X cubic meters) took a little share of total exports.

Exports from Russia increased at an average annual rate of +6.2% from 2012 to 2022. At the same time, Latvia (+51.3%), Slovakia (+12.9%), Ukraine (+10.8%) and Estonia (+7.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +51.3% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, Romania (-1.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Latvia, Ukraine and Russia increased by +5.9, +5.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 62% of total exports. Estonia, Slovakia, Lithuania and Latvia lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, Latvia, with a CAGR of +35.9%, saw the highest rates of growth with regard to 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 2022, the export price in Eastern Europe amounted to $X per cubic meter, rising by 17% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets export price increased by +66.0% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while Russia ($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 Romania (+5.7%), while the other leaders experienced more modest paces of growth.

Veneer Sheets Imports

Imports in Eastern Europe

In 2022, imports of veneer sheets in Eastern Europe fell to X cubic meters, shrinking by -2.6% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.0% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then contracted modestly in the following year.

In value terms, veneer sheets imports rose significantly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Latvia (X cubic meters), distantly followed by Poland (X cubic meters), Estonia (X cubic meters), Lithuania (X cubic meters), Hungary (X cubic meters), Bulgaria (X cubic meters) and Slovakia (X cubic meters) represented the largest importers of veneer sheets, together constituting 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported veneer sheets in Eastern Europe, comprising 26% of total imports. The second position in the ranking was held by Lithuania ($X), with an 11% share of total imports. It was followed by Slovakia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +10.3%. The remaining importing countries recorded the following average annual rates of imports growth: Lithuania (+7.9% per year) and Slovakia (+3.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per cubic meter in 2022, increasing by 16% against the previous year. Overall, the import price, however, showed a slight setback. Over the period under review, import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per cubic meter), while Latvia ($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 Bulgaria (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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