Global Particle Board Market 2024

Particle Board Market Size

The global particle board market reduced modestly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the market value increased by 9.9%. Global consumption peaked at $X in 2021, and then dropped slightly in the following year.

Particle Board Production

In value terms, particle board production amounted to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Particle Board Exports

Exports

After two years of growth, overseas shipments of particle board decreased by -8.9% to X cubic meters in 2022. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, particle board exports fell to $X in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Canada (X cubic meters), distantly followed by Thailand (X cubic meters), Russia (X cubic meters), Germany (X cubic meters) and Austria (X cubic meters) were the main exporters of particle board, together generating 44% of total exports. The following exporters - France (X cubic meters), Belarus (X cubic meters), Romania (X cubic meters), Belgium (X cubic meters), Turkey (X cubic meters), Poland (X cubic meters), the Czech Republic (X cubic meters) and Latvia (X cubic meters) - together made up 28% of total exports.

From 2012 to 2022, average annual rates of growth with regard to particle board exports from Canada stood at +5.3%. At the same time, Belarus (+25.6%), Turkey (+13.5%), Russia (+11.6%), Poland (+5.0%), Thailand (+3.5%), Latvia (+3.4%) and Germany (+1.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.6% from 2012-2022. Austria and the Czech Republic experienced a relatively flat trend pattern. By contrast, Romania (-1.3%), Belgium (-1.4%) and France (-2.2%) illustrated a downward trend over the same period. While the share of Belarus (+3.7 p.p.), Russia (+3.7 p.p.), Canada (+2.8 p.p.) and Turkey (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-1.7 p.p.), Belgium (-2.1 p.p.), Romania (-2.3 p.p.), Austria (-2.5 p.p.) and France (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest particle board supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by Germany ($X), with a 6.9% share of global exports. It was followed by Austria, with a 6.6% share.

In Canada, particle board exports increased at an average annual rate of +12.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+1.9% per year) and Austria (+1.7% per year).

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, with an increase of 3.8% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board export price increased by +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while Thailand ($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 Canada (+6.4%), while the other global leaders experienced more modest paces of growth.

Particle Board Imports

Imports

In 2022, overseas purchases of particle board decreased by -16.4% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of X cubic meters, and then dropped sharply in the following year.

In value terms, particle board imports shrank to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +55.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the United States (X cubic meters), distantly followed by Germany (X cubic meters) and Poland (X cubic meters) were the main importers of particle board, together achieving 32% of total imports. The Netherlands (X cubic meters), Italy (X cubic meters), South Korea (X cubic meters), China (X cubic meters), the UK (X cubic meters), France (X cubic meters), Spain (X cubic meters), Uzbekistan (X cubic meters), Japan (X cubic meters) and Kazakhstan (X cubic meters) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to particle board imports into the United States stood at +6.8%. At the same time, Uzbekistan (+24.0%), the Netherlands (+9.8%), China (+8.3%), the UK (+7.8%), Spain (+7.5%), Poland (+5.5%), South Korea (+5.1%), Italy (+4.8%), Japan (+1.5%) and Kazakhstan (+1.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of +24.0% from 2012-2022. France and Germany experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States, the Netherlands and Uzbekistan increased by +4.9, +1.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported particle board worldwide, comprising 28% of global imports. The second position in the ranking was taken by Germany ($X), with an 8% share of global imports. It was followed by Italy, with a 3.8% share.

In the United States, particle board imports increased at an average annual rate of +13.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Italy (+8.9% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, increasing by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while South Korea ($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 the United States (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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