Northern America: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Northern America

In 2022, the North American market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -2.3% to $X, falling for the second consecutive year after five years of growth. Overall, consumption, however, posted buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Northern America

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) reached $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports in Northern America

In 2022, the amount of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exported in Northern America dropped sharply to X tons, waning by -54% on 2021 figures. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined sharply to $X in 2022. Over the period under review, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Canada was the main exporting country with an export of about X tons, which finished at 68% of total exports. It was distantly followed by the United States (X tons), mixing up a 32% share of total exports.

Canada was also the fastest-growing in terms of the builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports, with a CAGR of +1.1% from 2012 to 2022. The United States (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +7.3 percentage points.

In value terms, Canada ($X) remains the largest wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) supplier in Northern America, comprising 75% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

In Canada, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) expanded at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 an increase of 24%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports in Northern America

Imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank sharply to X tons in 2022, waning by -51.7% against 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 23%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) fell markedly to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +1.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

The United States was the major importer of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) in Northern America, with the volume of imports recording X tons, which was near 88% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 12% share of total imports.

The United States was also the fastest-growing in terms of the builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) imports, with a CAGR of +1.4% from 2012 to 2022. Canada (-3.0%) illustrated a downward trend over the same period. While the share of the United States (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-5.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.1%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 44% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by +111.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Source: IndexBox Platform

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