U.S.: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in the U.S.

In 2021, the U.S. market for particle board and similar board of ligneous materials (excluding wood) decreased by -4.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.2% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in the U.S.

In value terms, production of particle board and similar board of ligneous materials (excluding wood) declined modestly to $X in 2021. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.7% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Production of peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from the U.S.

In 2021, the amount of particle board and similar board of ligneous materials (excluding wood) exported from the United States soared to X cubic meters, picking up by 109% compared with 2020. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 381% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) surged to $X in 2021. Over the period under review, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 315% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X cubic meters), Mexico (X cubic meters) and Saudi Arabia (X cubic meters) were the main destinations of exports of particle board and similar board of ligneous materials (excluding wood) from the United States, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Saudi Arabia ($X) were the largest markets for board of bagasse, bamboo or other particles exported from the United States worldwide, together comprising 96% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +23.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2021, declining by -18.9% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-7.2%), while the prices for the other major destinations experienced a decline.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into the U.S.

Imports of particle board and similar board of ligneous materials (excluding wood) into the United States surged to X cubic meters in 2021, growing by 103% against the year before. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X cubic meters) constituted the largest board of bagasse, bamboo or other particles supplier to the United States, with a 53% share of total imports. Moreover, imports of particle board and similar board of ligneous materials (excluding wood) from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fivefold. The third position in this ranking was taken by Brazil (X cubic meters), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +82.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and Brazil (-2.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of particle board and similar board of ligneous materials (excluding wood) to the United States, comprising 42% of total imports. The second position in the ranking was taken by Romania ($X), with a 10% share of total imports. It was followed by Brazil, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +80.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+325.2% per year) and Brazil (-2.8% per year).

Import Prices by Country

In 2021, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, growing by 17% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2013 when the average import price increased by 38% against the previous year. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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