World - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
China’s Wood-Based Panel Exports Increased by 15% in 2014
China dominates in the global wood-based panel trade. In 2014, China exported 5,865 thousand tonnes of wood-based panels totaling 5,813 million USD, 15% over the previous year. Its primary trading partner was the U.S., where it supplied 15% of its total wood-based panel exports in value terms, accounting for 55% of the U.S. total imports.
Overall, the global trade of wood-based panels reached 16,255 million USD, with a CAGR of 13.2% from 2007 to 2014. In physical terms, it showed steady growth, rising from 13.5 million tonnes in 2007 to 16.2 million tonnes in 2014.
In 2014, the U.S. (12.4%), Japan (11.9%), the Netherlands (11.2%), the Republic of Korea (6.2%) and Germany (5.6%) were the leading destinations of wood-based panel imports, together making up 47.3% of global imports. The share of the U.S. increased significantly (+12.4 percentage points), while the share of Germany illustrated negative dynamics (-4.8percentage points).
China and Indonesia were among the other main global suppliers of wood-based panels in 2014 with a combined share of 55% of global exports. However, the fastest growing exporter from 2007 to 2014 was the Russian Federation (+4.4% per year). China significantly strengthened its position in the global export structure, from 31% in 2007 to 39% in 2014.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global wood-based panels market. 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 2025.
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