Northern America: Mdf Market 2024

Mdf Market Size in Northern America

In 2021, the North American MDF market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Mdf Production in Northern America

In value terms, MDF production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mdf Exports

Exports in Northern America

In 2021, approx. X cubic meters of MDF were exported in Northern America; picking up by 14% on the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, MDF exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada was the largest exporting country with an export of around X cubic meters, which accounted for 65% of total exports. It was distantly followed by the United States (X cubic meters), comprising a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +6.1%).

In value terms, Canada ($X) remains the largest MDF supplier in Northern America, comprising 78% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Canada totaled +9.3%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per cubic meter, growing by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while the United States totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.0%).

Mdf Imports

Imports in Northern America

In 2021, supplies from abroad of MDF increased by 13% to X cubic meters, rising for the second consecutive year after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, MDF imports surged to $X in 2021. The total import value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of MDF in Northern America, with the volume of imports finishing at X cubic meters, which was approx. 83% of total imports in 2021. It was distantly followed by Canada (X cubic meters), comprising a 17% share of total imports.

The United States was also the fastest-growing in terms of the MDF imports, with a CAGR of +11.4% from 2012 to 2021. At the same time, Canada (+3.5%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +11 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported MDF in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

In the United States, MDF imports increased at an average annual rate of +6.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2021, picking up by 12% against the previous year. In general, the import price, however, showed a pronounced decrease. Over the period under review, import prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the United States stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

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