EU: Veneer Sheet Market 2025

Veneer Sheet Market Size in the EU

In 2022, the EU veneer sheet market decreased by -3.8% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Veneer Sheet Production in the EU

In value terms, veneer sheet production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 6.4% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports in the EU

For the fifth consecutive year, the European Union recorded growth in overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise, which increased by 3% to X square meters in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 +50.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, veneer sheet exports expanded significantly to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +46.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Finland (X square meters), Lithuania (X square meters) and France (X square meters) represented roughly 37% of total exports in 2022. Estonia (X square meters) ranks next in terms of the total exports with a 6.9% share, followed by Latvia (6.6%), Romania (5.8%), Spain (4.9%) and Germany (4.5%). The Netherlands (X square meters), Sweden (X square meters), Portugal (X square meters), Italy (X square meters) and Croatia (X square meters) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Romania ($X) were the countries with the highest levels of exports in 2022, with a combined 31% share of total exports. Spain, Croatia, France, Estonia, Portugal, Finland, Lithuania, Latvia, Sweden and the Netherlands lagged somewhat behind, together accounting for a further 42%.

Among the main exporting countries, Latvia, with a CAGR of +35.5%, recorded 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 2022, the export price in the European Union amounted to $X per square meter, increasing by 6.9% against the previous year. Overall, the export price, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by 14%. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Italy ($X per square meter), while Lithuania ($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 Portugal (+9.6%), while the other leaders experienced more modest paces of growth.

Veneer Sheet Imports

Imports in the EU

In 2022, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -12.2% to X square meters for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +71.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports reached the peak of X square meters, and then fell in the following year.

In value terms, veneer sheet imports expanded remarkably to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +37.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the ten major importers of veneer sheets and sheets for plywood and other wood sawn lengthwise, namely the Netherlands, Italy, Latvia, Spain, France, Poland, Estonia, Germany, Austria and Belgium, represented more than two-thirds of total import. Hungary (X square meters), Lithuania (X square meters) and Greece (X square meters) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Estonia (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheet importing markets in the European Union were Italy ($X), Germany ($X) and Austria ($X), with a combined 35% share of total imports. These countries were followed by Spain, France, Poland, Belgium, Lithuania, the Netherlands, Latvia, Estonia, Hungary and Greece, which together accounted for a further 46%.

In terms of the main importing countries, Estonia, with a CAGR of +20.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per square meter, increasing by 20% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per square meter), while Latvia ($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 Latvia (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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