Northern America: Particle Board Market 2025

Particle Board Market Size in Northern America

In 2022, after two years of growth, there was significant decline in the North American particle board market, when its value decreased by -12.5% to $X. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Particle Board Production in Northern America

In value terms, particle board production reached $X in 2022 estimated in export price. In general, production saw notable growth. The pace of growth appeared the most rapid in 2016 with an increase of 120%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Particle Board Exports

Exports in Northern America

In 2022, overseas shipments of particle board increased by 1.7% to X cubic meters, rising for the second year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +10.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 33% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, particle board exports dropped markedly to $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Canada prevails in exports structure, resulting at X cubic meters, which was approx. 91% of total exports in 2022. It was distantly followed by the United States (X cubic meters), committing an 8.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to particle board exports from Canada stood at +5.3%. At the same time, the United States (+5.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest particle board supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada totaled +12.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, which is down by -17.5% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2021 an increase of 84%. As a result, the export price reached the peak level of $X per cubic meter, and then shrank sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.4%).

Particle Board Imports

Imports in Northern America

After two years of growth, overseas purchases of particle board decreased by -31.3% to X cubic meters in 2022. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of X cubic meters, and then shrank significantly in the following year.

In value terms, particle board imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 113%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

The United States prevails in imports structure, amounting to X cubic meters, which was approx. 93% of total imports in 2022. It was distantly followed by Canada (X cubic meters), creating a 7.2% share of total imports.

Imports into the United States increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Canada (+7.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.9% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported particle board in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 5.6% share of total imports.

In the United States, particle board imports increased at an average annual rate of +13.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per cubic meter, picking up by 21% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +79.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%).

Source: IndexBox Platform

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