United Kingdom - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK's October 2023 Imports Plummet to $34 Million
United Kingdom MDF Imports
In October 2023, purchases abroad of MDF decreased by -9.3% to 39M cubic meters, falling for the fourth month in a row after two months of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 with an increase of 32% month-to-month. Over the period under review, imports attained the peak figure at 53M cubic meters in June 2023; however, from July 2023 to October 2023, imports stood at a somewhat lower figure.
In value terms, MDF imports declined to $34M (IndexBox estimates) in October 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 with an increase of 27% m-o-m. Over the period under review, imports hit record highs at 45M cubic meters in June 2023; however, from July 2023 to October 2023, imports failed to regain momentum.
| COUNTRY | Import Value of MDF in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Ireland | 14.9 | 17.0 | 12.9 | 14.3 | 15.7 | 17.7 | 14.4 | 16.0 | 17.2 | 15.8 | 14.6 | 13.8 | 13.3 |
| Germany | 8.6 | 7.4 | 6.1 | 6.6 | 8.0 | 7.8 | 7.1 | 10.6 | 10.6 | 9.0 | 7.9 | 7.5 | 6.9 |
| Spain | 3.6 | 5.2 | 6.7 | 2.5 | 6.4 | 7.8 | 4.2 | 4.1 | 4.4 | 5.4 | 3.8 | 4.4 | 3.9 |
| Belgium | 1.7 | 2.0 | 1.6 | 2.0 | 2.3 | 2.1 | 2.2 | 2.4 | 2.3 | 2.2 | 2.1 | 2.8 | 2.0 |
| Portugal | 0.8 | 1.3 | 1.6 | 0.9 | 2.5 | 2.7 | 1.5 | 1.5 | 1.5 | 1.2 | 1.3 | 1.3 | 0.9 |
| Brazil | N/A | N/A | N/A | N/A | 0.9 | 0.8 | 2.2 | 0.9 | 1.3 | 1.3 | 0.7 | 0.2 | 0.4 |
| Poland | 2.3 | 0.3 | 0.3 | 2.2 | 0.4 | 0.3 | 2.2 | 0.3 | 2.3 | 0.3 | 0.3 | 2.1 | 0.3 |
| Others | 5.4 | 4.7 | 2.9 | 3.3 | 4.2 | 5.5 | 3.4 | 6.8 | 5.8 | 4.7 | 6.6 | 4.8 | 6.0 |
| Total | 37.4 | 37.9 | 32.1 | 31.9 | 40.5 | 44.7 | 37.2 | 42.7 | 45.4 | 39.9 | 37.3 | 36.9 | 33.7 |
Imports by Country
In October 2023, Ireland (15M cubic meters) constituted the largest MDF supplier to the UK, accounting for a 40% share of total imports. Moreover, MDF imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (6.8M cubic meters), twofold. Spain (4M cubic meters) ranked third in terms of total imports with a 10% share.
From October 2022 to October 2023, the average monthly growth rate of volume from Ireland was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-3.0% per month) and Spain (+0.7% per month).
In value terms, Ireland ($13M), Germany ($6.9M) and Spain ($3.9M) constituted the largest MDF suppliers to the UK, together comprising 72% of total imports. Belgium, Portugal, Brazil and Poland lagged somewhat behind, together accounting for a further 11%.
In terms of the main suppliers, Belgium, with a CAGR of +1.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In October 2023, medium density fibreboard (MDF) of thickness over 9 mm (28M cubic meters) constituted the largest type of MDF supplied to the UK, with a 71% share of total imports. Moreover, medium density fibreboard (MDF) of thickness over 9 mm exceeded the figures recorded for the second-largest type, medium density fibreboard (MDF) of thickness from 5 to 9 mm (7.8M cubic meters), fourfold.
From October 2022 to October 2023, the average monthly growth rate of the volume of import of medium density fibreboard (MDF) of thickness over 9 mm was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: medium density fibreboard (MDF) of thickness from 5 to 9 mm (-0.4% per month) and medium density fibreboard (MDF) of thickness under 5 mm (-3.1% per month).
In value terms, medium density fibreboard (MDF) of thickness over 9 mm ($22M) constituted the largest type of MDF supplied to the UK, comprising 66% of total imports. The second position in the ranking was held by medium density fibreboard (MDF) of thickness from 5 to 9 mm ($8M), with a 24% share of total imports.
Import Prices by Country
In October 2023, the mdf price amounted to $865 per thousand cubic meters (CIF, United Kingdom), remaining relatively unchanged against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 5.4% month-to-month. Over the period under review, average import prices attained the peak figure at $921 per thousand cubic meters in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($1.0 per cubic meter), while the price for Brazil ($366 per thousand cubic meters) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the mdf market in the UK. 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.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
