The U.S. reconstituted wood product market is estimated at approx. $12B. Over May-June 2020, the production and imports recovered from the lockdown-related drop and continued to grow. It is driven by rapidly growing suburban construction and the related need to equip homes with furniture. Should the pandemic wane in 2021, the market is to continue measured growth.
In May 2020, the MDF production began to grow rapidly and exceeded its pre-crisis level in July 2020. This was also relevant for the manufacture of furniture, which is the key downstream industry for the MDF market. If the country will return to pandemic-free life in 2021, Turkey's real GDP is projected to grow by about 3% per annum in the medium term, which is to create a positive background for future MDF growth. Increasing exports to countries with rising demand for MDF, e.g., the U.S., may potentially become an additional driver for the Turkish MDF industry.
The global mdf market declined slightly to $45.9B in 2019, which is down by -4.8% against the previous year. This...
In 2019, after two years of growth, there was significant decline in the U.S. hardwood veneer and plywood market,...
The revenue of the hardboard market in Asia-Pacific rose to $3.8B in 2018, surging by 6.4% against the previous year.
The revenue of the particle board market in the European Union amounted to $11.4B in 2018. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2018 to 2030.
The revenue of the MDF market in the European Union amounted to $5.3B in 2018. Driven by increasing demand for MDF in the European Union, the market is expected to continue an upward consumption trend over the next decade.
The revenue of the plywood market in the Middle East amounted to $1.4B in 2018. Driven by increasing demand for plywood in the Middle East, the market is expected to continue an upward consumption trend over the next decade.