Europe: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Europe

In 2022, the Europe wood-based panels market was finally on the rise to reach $X after four years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Europe

In value terms, wood-based panels production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Wood-Based Panels Exports

Exports in Europe

In 2022, shipments abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, wood-based panels exports shrank slightly to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

In 2022, Russia (X cubic meters), distantly followed by Germany (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), France (X cubic meters), Belarus (X cubic meters), Austria (X cubic meters) and Romania (X cubic meters) were the key exporters of wood-based panels, together achieving X% of total exports. Spain (X cubic meters), the Netherlands (X cubic meters), Latvia (X cubic meters), the Czech Republic (X cubic meters) and Italy (X cubic meters) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels supplying countries in Europe were Germany ($X), Russia ($X) and Poland ($X), together accounting for X% of total exports. Belgium, Austria, Spain, France, Italy, Belarus, Romania, Latvia, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Belarus, with a CAGR of X%, 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

The export price in Europe stood at $X per cubic meter in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 ($X per cubic meter), while the Netherlands ($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 Italy (X%), while the other leaders experienced more modest paces of growth.

Wood-Based Panels Imports

Imports in Europe

After two years of growth, overseas purchases of wood-based panels decreased by X% to X cubic meters in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X cubic meters, and then contracted in the following year.

In value terms, wood-based panels imports shrank modestly to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X cubic meters), the Netherlands (X cubic meters), Italy (X cubic meters), the UK (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), France (X cubic meters), Spain (X cubic meters), Russia (X cubic meters), Sweden (X cubic meters), Denmark (X cubic meters) and Austria (X cubic meters) represented the major importer of wood-based panels in Europe, committing X% of total import. Lithuania (X cubic meters) took a minor share of total imports.

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

In value terms, the largest wood-based panels importing markets in Europe were Germany ($X), the UK ($X) and Italy ($X), together accounting for X% of total imports. France, the Netherlands, Poland, Belgium, Spain, Austria, Sweden, Russia, Lithuania and Denmark lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of 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.

Import Prices by Country

The import price in Europe stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($X per cubic meter), while Russia ($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 Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform