Global Veneer Sheets Market 2025

Veneer Sheets Market Size

The global veneer sheets market declined significantly to $X in 2022, which is down by -15.2% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption increased by +28.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Veneer Sheets Production

In value terms, veneer sheets production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Veneer Sheets Exports

Exports

In 2022, approx. X cubic meters of veneer sheets were exported worldwide; with a decrease of -16.3% against the previous year's figure. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +26.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, the exports reached the peak of X cubic meters, and then fell markedly in the following year.

In value terms, veneer sheets exports amounted to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +41.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Russia (X cubic meters), China (X cubic meters), Canada (X cubic meters), Gabon (X cubic meters) and Brazil (X cubic meters), together amounting to 47% of total export. Ukraine (X cubic meters), Thailand (X cubic meters), New Zealand (X cubic meters), Vietnam (X cubic meters), Indonesia (X cubic meters), Lithuania (X cubic meters), France (X cubic meters) and Finland (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +52.0%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 31% of global exports.

In terms of the main exporting countries, Ukraine, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, jumping by 21% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per cubic meter), while Thailand ($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 Lithuania (+5.6%), while the other global leaders experienced more modest paces of growth.

Veneer Sheets Imports

Imports

For the fifth year in a row, the global market recorded growth in overseas purchases of veneer sheets, which increased by 5.1% to X cubic meters in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, veneer sheets imports expanded rapidly to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +34.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X cubic meters) was the main importer of veneer sheets, achieving 49% of total imports. It was distantly followed by India (X cubic meters), mixing up a 5.9% share of total imports. South Korea (X cubic meters), Nigeria (X cubic meters), Latvia (X cubic meters), Italy (X cubic meters), Spain (X cubic meters), Malaysia (X cubic meters), France (X cubic meters), Cambodia (X cubic meters), Turkey (X cubic meters), Taiwan (Chinese) (X cubic meters) and Vietnam (X cubic meters) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to veneer sheets imports into China stood at +24.6%. At the same time, Nigeria (+53.0%), Cambodia (+36.6%), Vietnam (+16.1%), India (+12.5%), Malaysia (+11.8%), Taiwan (Chinese) (+9.9%), Turkey (+6.9%), Spain (+5.9%), Italy (+4.6%), Latvia (+4.2%), South Korea (+2.5%) and France (+1.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +53.0% from 2012-2022. China (+36 p.p.), Nigeria (+2.4 p.p.) and Cambodia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Latvia, France and South Korea saw its share reduced by -1.5%, -2% and -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest veneer sheets importing markets worldwide were China ($X), India ($X) and Italy ($X), together accounting for 21% of global imports. Vietnam, Spain, France, Nigeria, South Korea, Malaysia, Cambodia, Turkey, Taiwan (Chinese) and Latvia lagged somewhat behind, together accounting for a further 24%.

Nigeria, with a CAGR of +54.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, rising by 2.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 13% against the previous year. Global import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while China ($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 Cambodia (+7.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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