Italy: Veneer Sheet Market 2025

Veneer Sheet Market Size in Italy

After three years of growth, the Italian veneer sheet market decreased by -6.4% to $X in 2022. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.9% against 2018 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Veneer Sheet Production in Italy

In value terms, veneer sheet production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 4.3%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from Italy

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported from Italy; waning by -6.4% compared with the previous year's figure. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports reached $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +50.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X square meters), Germany (X square meters) and the United States (X square meters) were the main destinations of veneer sheet exports from Italy, with a combined 27% share of total exports. These countries were followed by France, Portugal, Romania, the United Arab Emirates, India, Hungary, Slovenia, Turkey, Croatia and Belgium, which together accounted for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for veneer sheet exported from Italy were the United States ($X), Germany ($X) and France ($X), with a combined 30% share of total exports. Portugal, Spain, Romania, Belgium, Turkey, India, Slovenia, the United Arab Emirates, Hungary and Croatia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Croatia, with a CAGR of +27.8%, 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 sheet export price stood at $X per square meter in 2022, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 an increase of 23%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Italy

In 2022, purchases abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -11.3% to X square meters for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +74.6% against 2013 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of X square meters, and then dropped in the following year.

In value terms, veneer sheet imports shrank to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +56.9% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Cameroon (X square meters), Cote d'Ivoire (X square meters) and Germany (X square meters) were the main suppliers of veneer sheet imports to Italy, with a combined 28% share of total imports. Portugal, Croatia, Gabon, France, Slovenia, Spain, Serbia, Austria, Latvia and Hungary lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +113.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheet suppliers to Italy were Croatia ($X), Cameroon ($X) and Cote d'Ivoire ($X), together accounting for 30% of total imports. These countries were followed by Germany, France, Portugal, Slovenia, Spain, Gabon, Austria, Serbia, Hungary and Latvia, which together accounted for a further 39%.

Latvia, with a CAGR of +73.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, growing by 6.7% against the previous year. Over the period under review, the import price, however, recorded a slight descent. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Croatia ($X per square meter), while the price for Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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