Northern America: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Northern America

The North American wood-based panels market contracted to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Wood-Based Panels Production in Northern America

In value terms, wood-based panels production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Wood-Based Panels Exports

Exports in Northern America

In 2022, approx. X cubic meters of wood-based panels were exported in Northern America; almost unchanged from the previous year. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X cubic meters in 2021, and then fell modestly in the following year.

In value terms, wood-based panels exports reduced to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Canada (X cubic meters) represented the largest exporter of wood-based panels, making up X% of total exports. It was distantly followed by the United States (X cubic meters), constituting a X% share of total exports.

Canada was also the fastest-growing in terms of the wood-based panels exports, with a CAGR of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. From 2012 to 2022, the share of Canada increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in Canada stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per cubic meter in 2022, falling by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter, and then reduced 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 (X%).

Wood-Based Panels Imports

Imports in Northern America

After two years of growth, purchases abroad of wood-based panels decreased by X% to X cubic meters in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X cubic meters, and then declined dramatically in the following year.

In value terms, wood-based panels imports contracted modestly to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, the United States (X cubic meters) was the main importer of wood-based panels, making up X% of total imports. It was distantly followed by Canada (X cubic meters), committing a X% share of total imports.

The United States was also the fastest-growing in terms of the wood-based panels imports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 Canada ($X per cubic meter), while the United States totaled $X per cubic meter.

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

Source: IndexBox Platform

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