Russian Federation: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in the Russian Federation

In 2022, the Russian wood-based panels market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption continues to indicate a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wood-Based Panels Production in the Russian Federation

In value terms, wood-based panels production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from the Russian Federation

In 2022, exports of wood-based panels from Russia expanded markedly to X cubic meters, growing by X% compared with the previous year. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, wood-based panels exports reduced to $X in 2022. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Uzbekistan (X cubic meters), Kazakhstan (X cubic meters) and the United States (X cubic meters) were the main destinations of wood-based panels exports from Russia, together comprising X% of total exports. China, Poland, Kyrgyzstan, Egypt, Tajikistan, Azerbaijan, Belarus, Germany, Japan and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Uzbekistan ($X) and Kazakhstan ($X) constituted the largest markets for wood-based panels exported from Russia worldwide, together accounting for X% of total exports. Egypt, Germany, China, Poland, Azerbaijan, Kyrgyzstan, Tajikistan, Belarus, Lithuania and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, reducing by X% against the previous year. In general, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into the Russian Federation

In 2022, overseas purchases of wood-based panels increased by X% to X cubic meters, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wood-based panels imports shrank to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X cubic meters) constituted the largest supplier of wood-based panels to Russia, with a X% share of total imports. Moreover, wood-based panels imports from Belarus exceeded the figures recorded by the second-largest supplier, China (X cubic meters), eightfold. The third position in this ranking was taken by Poland (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, Belarus ($X) constituted the largest supplier of wood-based panels to Russia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, waning by X% against the previous year. Overall, the import price recorded a mild contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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