Italy: Veneer Sheets Market 2025

Veneer Sheets Market Size in Italy

After two years of growth, the Italian veneer sheets market decreased by -2.5% to $X in 2022. In general, consumption showed a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Veneer Sheets Production in Italy

In value terms, veneer sheets production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.3% against the previous year. Veneer sheets production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Italy

In 2022, approx. X cubic meters of veneer sheets were exported from Italy; with an increase of 4.6% compared with the previous year. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +10.7% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 30%. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, veneer sheets exports totaled $X in 2022. Overall, total exports indicated a buoyant increase 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 pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X cubic meters), Hungary (X cubic meters) and Germany (X cubic meters) were the main destinations of veneer sheets exports from Italy, with a combined 29% share of total exports. The United States, France, Romania, Spain, India, the United Arab Emirates, Slovenia, Croatia, Turkey and Belgium lagged somewhat behind, together comprising 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 +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the largest markets for veneer sheets exported from Italy worldwide, 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 comprising a further 31%.

Among the main countries of destination, Croatia, with a CAGR of +27.7%, recorded the highest rates of growth with regard to 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

In 2022, the average veneer sheets export price amounted to $X per cubic meter, increasing by 9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Hungary ($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 Turkey (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Italy

In 2022, overseas purchases of veneer sheets decreased by -19% to X cubic meters for the first time since 2013, thus ending a eight-year rising trend. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +58.0% against 2013 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced notably in the following year.

In value terms, veneer sheets imports dropped to $X in 2022. Over the period under review, total imports indicated temperate growth 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 pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X cubic meters), Cameroon (X cubic meters) and Cote d'Ivoire (X cubic meters) were the main suppliers of veneer sheets imports to Italy, together comprising 29% of total imports. Croatia, Slovenia, Gabon, Serbia, Spain, France, Portugal, Austria, Latvia and Hungary lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +113.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheets suppliers to Italy were Croatia ($X), Cameroon ($X) and Cote d'Ivoire ($X), together accounting for 30% of total imports. Germany, France, Portugal, Slovenia, Spain, Gabon, Austria, Serbia, Hungary and Latvia lagged somewhat behind, together accounting 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 sheets import price amounted to $X per cubic meter, jumping by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 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 Croatia ($X per cubic meter), while the price for Serbia ($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 Serbia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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