Ireland: Veneer Sheets Market 2024

Veneer Sheets Market Size in Ireland

The Irish veneer sheets market skyrocketed to $X in 2022, jumping by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a prominent expansion. Veneer sheets consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Veneer Sheets Exports

Exports from Ireland

In 2022, the amount of veneer sheets exported from Ireland dropped to X cubic meters, shrinking by -7.1% against the previous year. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 430% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, veneer sheets exports dropped markedly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 212%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X cubic meters) was the main destination for veneer sheets exports from Ireland, accounting for a 91% share of total exports. Moreover, veneer sheets exports to the UK exceeded the volume sent to the second major destination, New Zealand (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+19.6% per year) and Saudi Arabia (-3.3% per year).

In value terms, the UK ($X) emerged as the key foreign market for veneer sheets exports from Ireland, comprising 87% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.0% per year) and New Zealand (+52.8% per year).

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, which is down by -26.3% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 187% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2021, and then fell markedly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to the UK ($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 New Zealand (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Ireland

For the third year in a row, Ireland recorded decline in overseas purchases of veneer sheets, which decreased by 0% to X cubic meters in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 70%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, veneer sheets imports amounted to $X in 2022. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the UK (X cubic meters) constituted the largest supplier of veneer sheets to Ireland, with a 83% share of total imports. Moreover, veneer sheets imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X cubic meters), more than tenfold. Germany (X cubic meters) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+20.0% per year) and Germany (+15.5% per year).

In value terms, the UK ($X) constituted the largest supplier of veneer sheets to Ireland, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 7% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and the United States (-7.7% per year).

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, almost unchanged from the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 50%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for the UK ($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 France (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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