Slovakia: Veneer Sheet Market 2024

Veneer Sheet Market Size in Slovakia

The Slovak veneer sheet market shrank rapidly to $X in 2022, falling by -33.2% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Veneer sheet consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Veneer Sheet Production in Slovakia

In value terms, veneer sheet production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 6.4%. Veneer sheet production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports from Slovakia

In 2022, exports of veneer sheets and sheets for plywood and other wood sawn lengthwise from Slovakia skyrocketed to X square meters, growing by 23% compared with the year before. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when exports increased by 52%. 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 skyrocketed to $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X square meters) was the main destination for veneer sheet exports from Slovakia, with a 38% share of total exports. Moreover, veneer sheet exports to Germany exceeded the volume sent to the second major destination, Italy (X square meters), twofold. The Netherlands (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.8% per year) and the Netherlands (+63.1% per year).

In value terms, Germany ($X), the Netherlands ($X) and Austria ($X) were the largest markets for veneer sheet exported from Slovakia worldwide, with a combined 53% share of total exports. Croatia, Italy, the Czech Republic, France and the UK lagged somewhat behind, together comprising a further 33%.

France, with a CAGR of +78.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, rising by 4.8% against the previous year. Overall, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2021 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the UK ($X per square meter), while the average price for exports to Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Slovakia

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 1.2% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.2% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 48% against the previous year. As a result, imports attained the peak of X square meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, veneer sheet imports surged to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Ukraine (X square meters) constituted the largest supplier of veneer sheet to Slovakia, with a 26% share of total imports. Moreover, veneer sheet imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X square meters), twofold. The third position in this ranking was taken by Italy (X square meters), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.8% per year) and Italy (+37.5% per year).

In value terms, Ukraine ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Slovakia, comprising 26% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.5% share of total imports. It was followed by Spain, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-0.3% per year) and Spain (+60.7% per year).

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, rising by 15% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Italy ($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 France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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