U.S.: Veneer Sheet Market 2024

Veneer Sheet Market Size in the U.S.

The U.S. veneer sheet market expanded slightly to $X in 2022, with an increase of 2.7% against the previous year. In general, consumption, however, continues to indicate a slight setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Veneer Sheet Production in the U.S.

In value terms, veneer sheet production expanded to $X in 2022. In general, production, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. Veneer sheet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from the U.S.

In 2022, overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 5.3% to X square meters, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 109%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, veneer sheet exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Canada (X square meters) was the main destination for veneer sheet exports from the United States, accounting for a 42% share of total exports. Moreover, veneer sheet exports to Canada exceeded the volume sent to the second major destination, Mexico (X square meters), threefold. Spain (X square meters) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.1% per year) and Spain (+1.8% per year).

In value terms, Canada ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from the United States, comprising 42% of total exports. The second position in the ranking was held by Mexico ($X), with a 12% share of total exports. It was followed by Spain, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.1% per year) and Spain (+5.6% per year).

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, surging by 3.3% against the previous year. In general, the export price showed temperate growth. The growth pace was the most rapid in 2020 when the average export price increased by 65% against the previous year. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per square meter), while the average price for exports to Egypt ($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 Italy (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into the U.S.

In 2022, the amount of veneer sheets and sheets for plywood and other wood sawn lengthwise imported into the United States declined to X square meters, therefore, remained relatively stable against 2021. In general, imports, however, recorded a temperate increase. The growth pace was the most rapid in 2013 with an increase of 166% against the previous year. 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. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +70.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Canada (X square meters) constituted the largest supplier of veneer sheet to the United States, with a 87% share of total imports. It was followed by New Zealand (X square meters), with a 1.9% share of total imports. The third position in this ranking was held by Gabon (X square meters), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+27.6% per year) and Gabon (+8.5% per year).

In value terms, Canada ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to the United States, comprising 76% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.8% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.8% per year) and Germany (-0.2% per year).

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, picking up by 18% against the previous year. Over the period under review, the import price saw a mild increase. The pace of growth was the most pronounced in 2020 an increase of 106%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain 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 Germany ($X per square meter), while the price for Gabon ($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 Germany (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :