Luxembourg: Veneer Sheet Market 2024

Veneer Sheet Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg veneer sheet market, when its value decreased by -8.8% to $X. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.6% against 2015 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Veneer Sheet Production in Luxembourg

In value terms, veneer sheet production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Veneer Sheet Exports

Exports from Luxembourg

In 2022, exports of veneer sheets and sheets for plywood and other wood sawn lengthwise from Luxembourg shrank rapidly to X square meters, with a decrease of -65.3% against the year before. Over the period under review, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 833%. Over the period under review, the exports reached the maximum at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports shrank sharply to $X in 2022. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 607% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X square meters) was the main destination for veneer sheet exports from Luxembourg, accounting for a 64% share of total exports. Moreover, veneer sheet exports to France exceeded the volume sent to the second major destination, Singapore (X square meters), threefold. The third position in this ranking was taken by Switzerland (X square meters), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -50.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-10.2% per year) and Switzerland (-62.9% per year).

In value terms, France ($X) emerged as the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.7% share of total exports. It was followed by Singapore, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to France totaled -46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-94.3% per year) and Singapore (-2.5% per year).

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, increasing by 12% against the previous year. In general, the export price saw a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of 822%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2022, the average 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 UK ($X per square meter), while the average price for exports to Singapore ($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 Oman (+979.7%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Luxembourg

In 2022, purchases abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -16.1% to X square meters for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, veneer sheet imports declined markedly to $X in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X square meters) constituted the largest supplier of veneer sheet to Luxembourg, with a 57% share of total imports. Moreover, veneer sheet imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), twofold. France (X square meters) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.5% per year) and France (+29.7% per year).

In value terms, Germany ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Luxembourg, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.7% per year) and France (+20.3% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, falling by -19% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 59%. Over the period under review, average import prices hit record highs at $X per square meter in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for the UK ($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 Austria (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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