Europe: Veneer Sheet Market 2024

Veneer Sheet Market Size in Europe

In 2022, the Europe veneer sheet market increased by 0.4% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Veneer Sheet Production in Europe

In value terms, veneer sheet production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 7.4%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Veneer Sheet Exports

Exports in Europe

In 2022, the amount of veneer sheets and sheets for plywood and other wood sawn lengthwise exported in Europe shrank to X square meters, dropping by -1.9% on 2021. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +17.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of X square meters, and then shrank slightly in the following year.

In value terms, veneer sheet exports expanded remarkably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +44.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia was the main exporter of veneer sheets and sheets for plywood and other wood sawn lengthwise in Europe, with the volume of exports resulting at X square meters, which was near 32% of total exports in 2022. Finland (X square meters) took the second position in the ranking, followed by Ukraine (X square meters), Lithuania (X square meters) and France (X square meters). All these countries together took near 30% share of total exports. Estonia (X square meters), Latvia (X square meters), Romania (X square meters), Spain (X square meters), Germany (X square meters), the Netherlands (X square meters), Sweden (X square meters) and Serbia (X square meters) took a little share of total exports.

Exports from Russia increased at an average annual rate of +7.3% from 2012 to 2022. At the same time, Latvia (+49.2%), Finland (+20.0%), Lithuania (+17.9%), the Netherlands (+15.9%), Ukraine (+10.7%), France (+8.9%), Estonia (+7.2%), Sweden (+5.1%) and Serbia (+4.9%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +49.2% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Romania (-1.1%) and Germany (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland, Lithuania, Latvia and Ukraine increased by +6, +3.6, +3.6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together accounting for 31% of total exports. Romania, Spain, France, Estonia, Finland, Lithuania, Latvia, Sweden, the Netherlands and Serbia lagged somewhat behind, together accounting for a further 30%.

Latvia, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per square meter in 2022, growing by 11% against the previous year. In general, the export price, however, saw a slight decline. Over the period under review, the export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Germany ($X per square meter), while Russia ($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 Serbia (+10.4%), while the other leaders experienced more modest paces of growth.

Veneer Sheet Imports

Imports in Europe

In 2022, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -11.1% to X square meters for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a buoyant increase 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, imports increased by +66.9% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of X square meters, and then fell in the following year.

In value terms, veneer sheet imports expanded markedly to $X in 2022. Total imports indicated a notable expansion 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 +36.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X square meters), Italy (X square meters), Latvia (X square meters), Spain (X square meters), France (X square meters), Poland (X square meters), Estonia (X square meters), Germany (X square meters), Austria (X square meters) and Belgium (X square meters) represented the major importer of veneer sheets and sheets for plywood and other wood sawn lengthwise in Europe, constituting 75% of total import. The following importers - Hungary (X square meters), Lithuania (X square meters) and Greece (X square meters) - each amounted to a 6.5% share 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, Italy ($X), Germany ($X) and Austria ($X) constituted the countries with the highest levels of imports in 2022, with a combined 32% 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 43%.

In terms of the main importing countries, Estonia, with a CAGR of +20.7%, saw the highest rates of growth with regard to 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

The import price in Europe stood at $X per square meter in 2022, with an increase of 19% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure 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