Global Wood Based Panel Market Reached 380,4M Cubic Meters in 2015

Wood-Based Panels June 08, 2017
Author: Sergey Avramenko
Head of Global Markets Research Team

wood-based panel market

Photo: © Kasia Bialasiewicz / Bigstockphoto

According to market research conducted by IndexBox, from 2007 to 2015, global wood-based panel market showed mixed dynamics. A significant drop in 2008-2009 was followed by a gradual increase. In 2015, the wood-based panel market grew to 380,411 thousand cubic meters. The market value showed similar dynamics every year, except for 2015, when the global wood-based panel market value decreased to 155,447 million USD. This was 8% lower than the year before.

China (47%) and the U.S. (11%) led with the highest demand of wood-based panels, followed distantly by Germany, Russia, Turkey, Brazil, Poland, Japan, Canada, and the UK. Together, all these countries comprised close to 78% of global consumption.

Canada (235 cubic meter/1,000 persons) and Poland (234 cubic meter/1,000 persons) had the highest levels of per capita consumption among the leading consuming countries, which was significantly higher thah the world average of 52 cubic meters/1,000 persons. Germany, the U.S., China, and Turkey tracked lower levels, at about 120-150 cubic meters/1,000 persons each. Brazil (44 cubic meter/1,000 persons) had the lowest levels of wood based panel consumption.

Wood-based panels are a widely traded commodity, with the share of exports in total global output standing at about 22% in 2015. High trade intensity is determined mainly by the geographical differenciation between the main manufacturers of wood-based panels and the key consuming countries.

A significant drop in exports in 2008-2009 was followed by gradual recovery over the next six years. The growth rates decelerated in 2015, and exports failed to reach the pre-crisis level of 2007. In 2015, the volume of wood-based panel exports stood at 85,233 thousand cubic meters.

China dominated in global wood-based panel production and trade with an 18% share. In 2015, China exported 15,309 thousand cubic meters, which accounted for 8% of its total wood-based panel output. Besides China, Canada (7,665 thousand cubic meters), Germany (6,043 thousand cubic meters), Russia (4,496 thousand cubic meters), and Malaysia (4,291 thousand cubic meters) were the largest global suppliers in 2015, with a combined share of 44% of global exports.

The volume of global imports totaled 77,907 thousand cubic meters in 2015. Import dynamics were generally in line with exports, as these trade flows globally complement each other. Following the high trade intensity, the share of imports in global demand accounted for about 20%.

In 2015, the U.S. (15%), Germany (7%), Japan (5%), China (5%), Canada (5%), the UK, and Italy (4% each) were the leading destinations of wood-based panel imports, together making up 40% of global imports in physical terms.

Do you want to know more about the global wood-based panel market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • wood-based panel market share
  • wood-based panel prices
  • wood-based panel industry
  • wood-based panel sales
  • wood-based panel market forecast
  • wood-based panel price forecast
  • key wood-based panel producers

Source: World: Wood-Based Panels - Market Report. Analysis And Forecast To 2025