Germany: Veneer Sheets Market 2024

Veneer Sheets Market Size in Germany

In 2022, the German veneer sheets market increased by 8.7% to $X, rising for the seventh consecutive year after three years of decline. The market value increased at an average annual rate of +1.1% 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 peak level in 2022 and is expected to retain growth in years to come.

Veneer Sheets Production in Germany

In value terms, veneer sheets production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 6% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Germany

In 2022, the amount of veneer sheets exported from Germany reduced to X cubic meters, falling by -10.8% against 2021 figures. In general, exports recorded a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of 16%. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheets exports contracted to $X in 2022. Over the period under review, exports continue to indicate a slight downturn. The growth pace was the most rapid in 2021 with an increase of 23%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X cubic meters), the Czech Republic (X cubic meters) and Bulgaria (X cubic meters) were the main destinations of veneer sheets exports from Germany, with a combined 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Austria ($X) and Italy ($X) were the largest markets for veneer sheets exported from Germany worldwide, together accounting for 27% of total exports. The Netherlands, the Czech Republic, the UK, Switzerland, Poland, Hungary, France, Norway, Romania and Bulgaria lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +27.1%, 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 average veneer sheets export price stood at $X per cubic meter in 2022, growing by 1.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Bulgaria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Germany

In 2022, purchases abroad of veneer sheets decreased by -14.2% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 12%. As a result, imports attained the peak of X cubic meters. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, veneer sheets imports reached $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Ukraine (X cubic meters), Romania (X cubic meters) and the Czech Republic (X cubic meters) were the main suppliers of veneer sheets imports to Germany, together accounting for 35% of total imports. The United States, Austria, Poland, Bulgaria, Sweden, Slovakia, Croatia, Hungary, Indonesia and Cote d'Ivoire lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +15.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the United States ($X) and Austria ($X) appeared to be the largest veneer sheets suppliers to Germany, together comprising 37% of total imports. Poland, the Czech Republic, Hungary, Croatia, Bulgaria, Romania, Indonesia, Slovakia, Sweden and Cote d'Ivoire lagged somewhat behind, together comprising a further 45%.

In terms of the main suppliers, Croatia, with a CAGR of +24.5%, saw 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

The average veneer sheets import price stood at $X per cubic meter in 2022, jumping by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per cubic meter), while the price for Sweden ($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 Hungary (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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