Spain: Veneer Sheets Market 2025

Veneer Sheets Market Size in Spain

In 2022, the Spanish veneer sheets market increased by less than 0.1% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Veneer sheets consumption peaked in 2022 and is expected to retain growth in years to come.

Veneer Sheets Production in Spain

In value terms, veneer sheets production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 5.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Spain

Veneer sheets exports from Spain dropped slightly to X cubic meters in 2022, with a decrease of -2.4% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports reached the peak of X cubic meters, and then fell in the following year.

In value terms, veneer sheets exports expanded notably to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +57.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X cubic meters) was the main destination for veneer sheets exports from Spain, accounting for a 33% share of total exports. Moreover, veneer sheets exports to France exceeded the volume sent to the second major destination, Italy (X cubic meters), twofold. The third position in this ranking was held by Portugal (X cubic meters), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.7% per year) and Portugal (+0.0% per year).

In value terms, France ($X), Italy ($X) and Portugal ($X) constituted the largest markets for veneer sheets exported from Spain worldwide, together accounting for 39% of total exports. Germany, the UK, the United States, Morocco, Mexico, Slovakia, Belgium, Poland, Greece and Chile lagged somewhat behind, together accounting for a further 36%.

Slovakia, with a CAGR of +55.0%, saw the highest rates of growth with regard to 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

In 2022, the average veneer sheets export price amounted to $X per cubic meter, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 ($X per cubic meter), while the average price for exports to France ($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 Morocco (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Spain

In 2022, approx. X cubic meters of veneer sheets were imported into Spain; which is down by -18.6% on 2021. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 27%. Over the period under review, imports reached the maximum at X cubic meters in 2021, and then declined dramatically in the following year.

In value terms, veneer sheets imports stood at $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +56.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X cubic meters) constituted the largest supplier of veneer sheets to Spain, accounting for a 25% share of total imports. Moreover, veneer sheets imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X cubic meters), threefold. The third position in this ranking was held by Cote d'Ivoire (X cubic meters), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+2.9% per year) and Cote d'Ivoire (+3.0% per year).

In value terms, Ukraine ($X), the United States ($X) and Portugal ($X) were the largest veneer sheets suppliers to Spain, with a combined 39% share of total imports. France, Croatia, China, Cote d'Ivoire, Gabon, Cameroon, Austria, Slovakia, Uruguay and Brazil lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Uruguay, with a CAGR of +10,920.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, surging by 39% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +59.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per cubic meter), while the price for Uruguay ($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 Uruguay (+76.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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