United Kingdom - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood-Based Panels Price in the UK - 2023
Contents:
- Wood-Based Panels Price in the UK (CIF) - 2022
- Wood-Based Panels Price in the UK (FOB) - 2022
- Wood-Based Panels Imports in the UK
- Wood-Based Panels Exports in the UK
Wood-Based Panels Price in the UK (CIF) - 2022
The average wood-based panels import price stood at $627 per cubic meter in 2022, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1,415 per cubic meter), while the price for France ($374 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood-Based Panels Price in the UK (FOB) - 2022
In 2022, the average wood-based panels export price amounted to $631 per cubic meter, growing by 17% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price 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, wood-based panels export price increased by +49.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,015 per cubic meter), while the average price for exports to Sweden ($404 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 France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wood-Based Panels Imports in the UK
In 2022, the amount of wood-based panels imported into the UK contracted to 3M cubic meters, reducing by -13.4% on 2021 figures. Overall, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of 3.5M cubic meters, and then shrank in the following year.
In value terms, wood-based panels imports stood at $1.9B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Wood-Based Panels in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 242 | 244 | 340 | 409 | 19.1% |
| Ireland | 168 | 150 | 258 | 264 | 16.3% |
| Germany | 207 | 182 | 229 | 219 | 1.9% |
| Spain | 53.0 | 41.9 | 72.0 | 111 | 27.9% |
| Belgium | 96.5 | 82.7 | 120 | 110 | 4.5% |
| Brazil | 87.6 | 71.3 | 87.8 | 79.3 | -3.3% |
| France | 69.8 | 42.8 | 52.5 | 72.9 | 1.5% |
| Indonesia | 45.5 | 26.1 | 67.6 | 72.5 | 16.8% |
| Latvia | 83.9 | 92.7 | 73.7 | 66.8 | -7.3% |
| Finland | 76.8 | 51.1 | 96.2 | 65.4 | -5.2% |
| Poland | 30.6 | 29.3 | 44.1 | 58.3 | 24.0% |
| Portugal | 35.0 | 25.2 | 40.2 | 47.7 | 10.9% |
| Malaysia | 29.8 | 31.7 | 33.0 | 33.7 | 4.2% |
| Others | 200 | 185 | 346 | 266 | 10.0% |
| Total | 1,426 | 1,257 | 1,862 | 1,876 | 9.6% |
Top Suppliers of Wood-Based Panels to the UK in 2022:
- China (662.5K cubic meters)
- Ireland (426.5K cubic meters)
- Germany (395.7K cubic meters)
- France (195.0K cubic meters)
- Brazil (168.3K cubic meters)
- Belgium (165.0K cubic meters)
- Spain (135.8K cubic meters)
- Latvia (118.2K cubic meters)
- Portugal (111.7K cubic meters)
- Finland (87.4K cubic meters)
- Poland (85.3K cubic meters)
- Indonesia (51.2K cubic meters)
- Malaysia (47.1K cubic meters)
Wood-Based Panels Exports in the UK
In 2022, the amount of wood-based panels exported from the UK shrank remarkably to 339K cubic meters, which is down by -16.6% against 2021 figures. Over the period under review, exports recorded a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, the exports reached the peak of 407K cubic meters, and then reduced sharply in the following year.
In value terms, wood-based panels exports fell slightly to $214M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $219M, and then dropped in the following year.
| Export of Wood-Based Panels in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.4 | 8.3 | 40.8 | 44.3 | 81.6% |
| Ireland | 69.4 | 72.1 | 86.5 | 38.6 | -17.8% |
| United States | 4.4 | 4.2 | 19.7 | 21.1 | 68.6% |
| France | 13.8 | 11.7 | 15.5 | 16.5 | 6.1% |
| Belgium | 25.9 | 21.3 | 8.6 | 11.5 | -23.7% |
| Norway | 8.8 | 7.4 | 16.3 | 11.4 | 9.0% |
| Sweden | 1.7 | 4.4 | 9.1 | 8.6 | 71.7% |
| Others | 26.5 | 19.6 | 22.4 | 61.9 | 32.7% |
| Total | 158 | 149 | 219 | 214 | 10.6% |
Top Export Markets for Wood-Based Panels from the UK in 2022:
- Netherlands (106.6K cubic meters)
- Ireland (60.8K cubic meters)
- United States (28.5K cubic meters)
- Norway (27.9K cubic meters)
- Sweden (21.4K cubic meters)
- Belgium (18.4K cubic meters)
- France (16.3K cubic meters)
This report provides an in-depth analysis of the wood-based panels market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1647 - Hardboard
- FCL 1648 - MDF/HDF
- FCL 1650 - Other fibreboard
- FCL 1697 - Particle board
- FCL 1606 - OSB
- FCL 1640 - Plywood
- FCL 1634 - Veneer sheets
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Ongoing urbanization in Asia, combined with rising household income and an increase in the construction of new housing in the U.S., will continue to drive the global market for wood based panels.
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From 2007 to 2015, global exports on the wood-based panel market showed mixed dynamics, finally decreasing to X million USD in 2015. In physical terms, they reached X thousand cubic meters in 2015, which was X thousand cubic meters more tha
