Europe: Veneer Sheets Market 2025

Veneer Sheets Market Size in Europe

For the third consecutive year, the Europe veneer sheets market recorded growth in sales value, which increased by 1.4% to $X in 2022. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Veneer Sheets Production in Europe

In value terms, veneer sheets production fell to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

Veneer Sheets Exports

Exports in Europe

In 2022, approx. X cubic meters of veneer sheets were exported in Europe; waning by -2.2% against 2021. Total exports indicated a resilient 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, exports increased by +23.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of X cubic meters, and then declined modestly in the following year.

In value terms, veneer sheets exports rose rapidly to $X in 2022. Total exports indicated buoyant growth 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 +45.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Russia (X cubic meters) represented the main exporter of veneer sheets, committing 32% of total exports. Ukraine (X cubic meters) ranks second in terms of the total exports with a 9.3% share, followed by Lithuania (6.2%), France (6.1%) and Finland (4.9%). Estonia (X cubic meters), Latvia (X cubic meters), Romania (X cubic meters), Spain (X cubic meters), Germany (X cubic meters), Sweden (X cubic meters), Portugal (X cubic meters) and Serbia (X cubic meters) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +6.2% from 2012 to 2022. At the same time, Latvia (+51.3%), Ukraine (+10.8%), Finland (+9.5%), France (+9.3%), Estonia (+7.2%), Sweden (+5.1%) and Serbia (+4.8%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +51.3% from 2012-2022. Spain, Portugal and Lithuania experienced a relatively flat trend pattern. By contrast, Romania (-1.1%) and Germany (-1.5%) illustrated a downward trend over the same period. Latvia (+3.9 p.p.), Ukraine (+3.6 p.p.), Russia (+1.9 p.p.) and France (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Spain, Germany, Romania and Lithuania saw its share reduced by -1.8%, -2.7%, -3.2% and -4.6% from 2012 to 2022, 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, with a combined 31% share of total exports. Romania, Spain, France, Estonia, Portugal, Finland, Lithuania, Latvia, Sweden and Serbia lagged somewhat behind, together comprising a further 32%.

In terms of the main exporting countries, Latvia, with a CAGR of +35.9%, 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

The export price in Europe stood at $X per cubic meter in 2022, surging by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while Russia ($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 Portugal (+10.8%), while the other leaders experienced more modest paces of growth.

Veneer Sheets Imports

Imports in Europe

In 2022, after ten years of growth, there was significant decline in purchases abroad of veneer sheets, when their volume decreased by -12% to X cubic meters. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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 +54.9% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of X cubic meters, and then declined in the following year.

In value terms, veneer sheets imports expanded significantly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +36.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Latvia (X cubic meters), Italy (X cubic meters), Spain (X cubic meters), France (X cubic meters), Poland (X cubic meters), Estonia (X cubic meters), Germany (X cubic meters), the Netherlands (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) was the key importer of veneer sheets in Europe, achieving 73% of total import. Lithuania (X cubic meters), Denmark (X cubic meters) and Greece (X cubic meters) took a little 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, the largest veneer sheets importing markets in Europe were Italy ($X), Germany ($X) and Austria ($X), together comprising 32% of total imports. Spain, France, Poland, Belgium, the Netherlands, Lithuania, Latvia, Estonia, Greece and Denmark lagged somewhat behind, together accounting for a further 42%.

Among 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

In 2022, the import price in Europe amounted to $X per cubic meter, increasing by 21% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Austria ($X per cubic meter), while Latvia ($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 Latvia (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform