Global Wood-Based Panels Market 2024

Wood-Based Panels Market Size

In 2022, the global wood-based panels market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the global market failed to regain momentum.

Wood-Based Panels Production

In value terms, wood-based panels production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Wood-Based Panels Exports

Exports

In 2022, overseas shipments 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. 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 to $X in 2022. Over the period under review, total exports indicated a tangible 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X cubic meters), followed by Russia (X cubic meters), Canada (X cubic meters), Thailand (X cubic meters) and Germany (X cubic meters) were the key exporters of wood-based panels, together making up X% of total exports. Brazil (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), Turkey (X cubic meters), Indonesia (X cubic meters), France (X cubic meters), Belarus (X cubic meters) and Austria (X cubic meters) followed a long way behind the leaders.

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

In value terms, China ($X), Canada ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Russia, Indonesia, Poland, Belgium, Brazil, Austria, Thailand, Turkey, France and Belarus lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per cubic meter), while Thailand ($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 Canada (X%), while the other global leaders experienced more modest paces of growth.

Wood-Based Panels Imports

Imports

In 2022, purchases 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 import 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% against the previous year. As a result, imports attained the peak of X cubic meters, and then fell in the following year.

In value terms, wood-based panels imports contracted modestly to $X in 2022. Over the period under review, total imports indicated a perceptible increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, the United States (X cubic meters), distantly followed by Germany (X cubic meters) and China (X cubic meters) represented the key importers of wood-based panels, together comprising X% of total imports. The Netherlands (X cubic meters), Italy (X cubic meters), the UK (X cubic meters), South Korea (X cubic meters), Poland (X cubic meters), Japan (X cubic meters), Belgium (X cubic meters), France (X cubic meters), Canada (X cubic meters) and Malaysia (X cubic meters) held a minor share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Malaysia (X%), Poland (X%), Belgium (X%), Italy (X%), the Netherlands (X%), the UK (X%), South Korea (X%) and Canada (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France and Germany experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wood-based panels worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per cubic meter), while China ($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 Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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