Nov 23, 2017

World - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Global Wood Based Panel Market to Benefit from Increasing Demand in Asia and the U.S.

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.

Demand for Wood-Based Panels Is on the Rise

According to market research conducted by IndexBox, the global wood-based panel market earned total revenues of $X in 2016 in wholesale prices. This figure reflects the total revenue of producers and importers excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price. In physical terms, the wood-based panel market expanded to X cubic meters in 2016. After a slight reduction from 2008 to 2009, the market grew steadily through to 2016, however, the pace of growth decelerated over the last three years.

Wood–based panels are a kind of building materials obtained from wood residues by pressuring with resins. They vary by type of the product and raw material used: veneer sheets, plywood, particle board, and fibreboard are all wood-based panels of different properties and uses. Generally, construction and furniture manufacturing constitute the key downstream industries for wood-based panels. The construction sector, however, remains the key impetus for the growth of the wood-based panel market, as rising construction not only drives consumption of wood-based panels, but also promotes demand for furniture as well.

The major consuming markets for wood-based panels are China (X cubic meters in 2016), followed somewhat behind by the U.S. (X cubic meters), Germany (X cubic meters), Russia (X cubic meters), Poland (X cubic meters), Turkey (X cubic meters), Japan (X cubic meters), Canada (X cubic meters), and Brazil (X cubic meters), together accounting for approximately X% of global consumption.

China’s Market

China was also the country with the highest annual rates of growth in terms of wood-based panel consumption, which amounted to +X% from 2007 to 2016. Thus, China strengthened its share in terms of global consumption from X% in 2007 to X% in 2016. Per capita wood-based panel consumption in China was estimated at X cubic meter/X, much higher than the global average (X cubic meters/X). This figure has grown rapidly, against X cubic meters/X in 2007, thanks to the high rates of economic and construction growth.

However, China’s construction growth is forecast to decelerate, with a sharp fall in housing prices and the first ever plunge in housing output. Despite this, new Chinese construction projects in terms of healthcare, education and social infrastructure, retail and other consumer end-markets are forecast to record significant potential for growth, due to a shift towards a consumer-and-services driven economy; the abolition of the one-child policy in China is also a factor. The new Five-Year Plan includes provisions to increase the supply of apartments for low-income families, improve both intracity and inter-city transportation infrastructure, and construct new industrial parks for economic development.

Moreover, under the National New Urbanisation Plan (2014-2020), China is already committed to increasing the number of “green buildings” from the current figure of X% of new buildings, to X% of all new construction by 2020. Achieving this enormous increase will require upgrades in terms of building materials and building codes, particularly for better insulation materials—this will provide new market opportunities for enterprises in the currently depressed construction materials sector. Particularly, producers of wood based panels should also benefit, as wood residues subject to deeper utilization, thereby enhancing the raw material base and an advance in the manufacturing technologies.

The Asian-Pacific region, therefore, led by China, is a major consumer of wood-based panels, with huge potential for growth. Industrial, residential, and infrastructural construction will each contribute to the expected market expansion. Practically all Asian countries are forecast to increase their budgets for infrastructure over the next five years.

The U.S. Market

The U.S. constitutes a second major market for wood-based panels. Average U.S. per capita consumption figures matched those recorded in China; total consumption, however, remains at a figure fourfold lower than the Chinese figure. Over the past eight year period, this has also declined slightly. The U.S. was also the largest importer of wood-based panels, securing its consumption of import supplies by X%. Overall, driven by the current economic recovery, the construction and household sectors in the U.S. are expected to grow in the medium term. Strong employment is one of the main drivers that may lead to new income growth, providing a solid base for consumer spending. Another motive is credit availability, which creates spending for end-use products, residential housing, and non-residential construction, that in turn will influence growth in terms of demand for wood-based panels.

The EU Market

On the EU wood-based panel market, Germany and Poland (approx. X% of the total market, each) appear as the leaders in terms of the volume of consumption. The average per capita consumption figures here exceeded both the global average figure and the indicators of the leaders mentioned above. In Poland (X cubic meters per X), per capita consumption was the highest in terms of the top X consumer countries and in Germany this figure stood at X cubic meters per X.

The EU construction market has been experiencing a recovery over the 2015-2016 period, and, according to projections, this growth is set to continue. This, however, is restricted by insufficient investment in the construction sector in a number of countries, as well as by limited loan and state subsidy provision. Despite the positive projections for the construction sector, a number of problems, particularly issues around Brexit, political instability in some EU countries and economical tensions with Russia, remain sufficiently relevant as to potentially affect growth.

Global Outlook

Taking into consideration the aforementioned factors, the trend pattern for the wood-based panel market for the medium term appears optimistic. Following increasing urbanization in Asia and the growth in new housing construction projects in the U.S., the performance of the market is anticipated to slightly accelerate, with a CAGR of +X% for the ten-year period from 2015 to 2025. This is expected to drive the market volume to X million cubic meters by 2025.

Despite the economic recovery being seen in most of the leading consumer countries and the projected increase in global demand from the construction sector, China and the U.S. will continue to retain market dominance in the immediate term; both countries not only boast robust consumption of wood-based panels, they are also the major producers. In addition, China is set to remain a major exporter of wood-based panels, while the U.S. constitutes an extremely attractive destination for wood-based panel suppliers, as it imports a significant volume of wood-based panels to quell the increasing needs of the domestic market.

Do you want to know more about 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 market share
  • wood based panel market prices
  • wood based panel market industry
  • wood based panel market sales
  • wood based panel market market forecast
  • wood based panel market price forecast
  • key wood based panel market producers

Source: World: Wood Based Panels – Market Report. Analysis and Forecast to 2025

Source: IndexBox AI Platform

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

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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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