Scandinavia: Veneer Sheet Market 2025

Veneer Sheet Market Size in Scandinavia

The Scandinavia veneer sheet market reduced slightly to $X in 2022, falling by -2% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Veneer Sheet Production in Scandinavia

In value terms, veneer sheet production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2013 with an increase of 12%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise, which increased by 5.6% to X square meters in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 208%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, veneer sheet exports expanded to $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 24%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Finland (X square meters) represented the main exporter of veneer sheets and sheets for plywood and other wood sawn lengthwise, making up 82% of total exports. It was distantly followed by Sweden (X square meters), comprising an 18% share of total exports.

Finland was also the fastest-growing in terms of the veneer sheets and sheets for plywood and other wood sawn lengthwise exports, with a CAGR of +20.0% from 2012 to 2022. At the same time, Sweden (+5.1%) displayed positive paces of growth. Finland (+27 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -26.9% from 2012 to 2022, respectively.

In value terms, Finland ($X) remains the largest veneer sheet supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was held by Sweden ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland totaled +9.1%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per square meter, with a decrease of -2.6% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 98%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per square meter), while Finland stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.9%).

Veneer Sheet Imports

Imports in Scandinavia

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 15% to X square meters, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. Over the period under review, imports attained the peak figure at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, veneer sheet imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden represented the largest importing country with an import of around X square meters, which amounted to 49% of total imports. Finland (X square meters) held the second position in the ranking, distantly followed by Norway (X square meters). All these countries together took near 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of -0.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported veneer sheets and sheets for plywood and other wood sawn lengthwise in Scandinavia, comprising 63% of total imports. The second position in the ranking was held by Finland ($X), with a 21% share of total imports.

In Sweden, veneer sheet imports expanded at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-6.8% per year) and Norway (+2.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per square meter in 2022, surging by 14% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheet import price increased by +66.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 17%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per square meter), while Finland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform