Scandinavia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Scandinavia

In 2022, after three years of growth, there was decline in the Scandinavia veneer sheets market, when its value decreased by -1.6% to $X. Overall, consumption saw buoyant growth. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Veneer Sheets Production in Scandinavia

In value terms, veneer sheets production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports in Scandinavia

For the seventh consecutive year, Scandinavia recorded growth in overseas shipments of veneer sheets, which increased by 6.8% to X cubic meters in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, veneer sheets exports rose slightly to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2018 with an increase of 24%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Finland (X cubic meters) represented the key exporter of veneer sheets, generating 65% of total exports. It was distantly followed by Sweden (X cubic meters), generating a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +9.5%).

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

In Finland, veneer sheets exports increased at an average annual rate of +9.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per cubic meter, reducing by -4.1% against the previous year. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 15%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per cubic meter), while Sweden totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-0.4%).

Veneer Sheets Imports

Imports in Scandinavia

In 2022, veneer sheets imports in Scandinavia contracted to X cubic meters, declining by -2.3% against the year before. Over the period under review, imports showed a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 40%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheets imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden was the largest importing country with an import of about X cubic meters, which accounted for 64% of total imports. Norway (X cubic meters) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Finland (14%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of veneer sheets. Norway experienced a relatively flat trend pattern. Finland (-13.6%) illustrated a downward trend over the same period. While the share of Sweden (+19 p.p.) and Norway (+6.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-26 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported veneer sheets in Scandinavia, comprising 69% of total imports. The second position in the ranking was held by Norway ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +3.2%. In the other countries, the average annual rates were as follows: Norway (+2.6% per year) and Finland (-11.1% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per cubic meter, with an increase of 23% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets import price increased by +88.5% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per cubic meter), while Norway ($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 Sweden (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform