U.S. - MDF - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
U.S. MDF Market to Increase Steadily
IndexBox has just published a new report "U.S.: Mdf – Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
MDF Consumption in the U.S. Increased Steadily over the Last Six Years
In 2016, the MDF market in the U.S. reached X thousand cubic meters, approx. X% more than the year before. There was a pronounced growth from 2011 to 2016, after a sharp decline by X% in 2010. In value terms, the market decreased to X million USD in 2016: it fell abruptly after four years of steady growth (IndexBox estimates).
The MDF Consumption Is to Continue Moderate Growth amid Rising Construction and Furniture Manufacturing
MDF consumption is dependent on economical condition, the production of construction materials and furniture, which, in turn, are directly related with the construction sector. The construction industry in the USA keeps showing growth, which is reinforced by the availability of loans. Strong employment also is a significant factor as it does directly affect consumer spending.
In the medium term, amid the current economic recovery, this is expected to be the main driver of growth, promoting spending for furniture, residential housing, and non-residential construction. A growth in disposable income levels and a recovering housing market are expected to increase sales of upstream products, such as MDF. The U.S. growth in MDF consumption is expected to accelerate to +X% (currently +X%) in the medium term, amid the current economic recovery and a growing demand from construction and furniture industries.
MDF Production in the U.S. Still Remains X% Lower than Its Pre-crisis Level
Production of MDF was estimated at X thousand cubic meters in 2016, with a X% growth over the last year. Despite a +X% increase in 2016, it still was X% less than the the outset level. In value terms, production of MDF contracted by -X% in 2016, interrupting a preceding five-year upward trend.
More than Two-thirds of the MDF Consumption Is Buoyed by Imports
The MDF market in the U.S. maintains a high level of a foreign trade intensity: approx. X% of the MDF consumption is supplied by imports in 2016, while near X% of the output was exported. Moreover, the share of imports in the total consumption increased steadily over the period under review, however, this increase decelerated in the last year. In the immediate term, this trend is expected to continue amid slowered recovery of the U.S. economy and strong dollar which makes imports cheaper.
China and Germany Emerged as Major Suppliers of MDF to the U.S.
The volume of U.S. imports totaled X thousand cubic meters in 2016. From 2012, the MDF imports surged rapidly, however, decelerating by the end of the reviewed period.
In 2016, China (X thousand cubic meters), Canada (X thousand cubic meters), Chile (X thousand cubic meters) and Germany (X thousand cubic meters) were the main suppliers of MDF imports, together making up X% of U.S. imports in physical terms. Among the major importing countries, China (+X% per year) and Germany (+X% per year) gained the highest annual growth rates from 2007 to 2016.
While the share of China increased significantly from X% in 2007 to X% in 2016, the shares of Canada and Chile illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Canada and Mexico Remain Key Markets for MDF Exports from the U.S.
In 2016, U.S. MDF export expanded to X thousand cubic meters. Over the period under review the export volume indicated mixed trend patterns: a solid growth from 2007 to 2012 turned into a pronounced decline through 2015, and then exports bounced back in 2016.
In 2016, Canada (X thousand cubic meters) and Mexico (X thousand cubic meters) were the main destinations for MDF exports from the U.S., together comprising X% of the total figures. From 2007 to 2016, average annual growth rates of MDF exports to these countries stood at +X% and +X%, respectively.
The share of Canada in terms of the total exports increased significantly, from X% in 2007 to X% in 2016; at the same time, the share of Mexico contracted slightly. The shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the mdf market in the USA? Get the latest trends and insight from our report. It includes a wide range of statistics on
- mdf market share
- mdf prices
- mdf industry
- mdf sales
- mdf import
- mdf export
- mdf market forecast
- mdf price forecast
Source: IndexBox AI Platform
This report provides an in-depth analysis of the mdf market in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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