Which Country Imports the Most Veneer Sheets and Sheets For Plywood in the World?

Wood-Based Panels May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the amount of veneer sheet imported worldwide totaled 2.5M tonnes, declining by -14.9% against the previous year level. Overall, it indicated a significant increase from 2007 to 2016: the total imports volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when import increased by 20% year-to-year. Global veneer sheet import peaked of 2.9M tonnes in 2015, falling back in the following year.

In value terms, veneer sheet imports amounted to $3.1B in 2016. In general, veneer sheet imports continue to indicate a moderate downturn. Global veneer sheet import peaked of $3.9B in 2007; however, from 2008 to 2016, it failed to regain its strength.

Top Veneer Sheet Importing Countries in the World

1. India (199.9 million USD)

2. Germany (174.8 million USD)

3. Italy (159.8 million USD)

4. China (157.8 million USD)

5. Japan (149.6 million USD)

6. Spain (132.1 million USD)

7. France (122.5 million USD)

8. Austria (121.9 million USD)

9. South Korea (114.3 million USD)

10. Netherlands (43.9 million USD)

11. Turkey (41.4 million USD)

12. Latvia (24.0 million USD)

Veneer Sheet Imports By Country

In 2016, China (661K tonnes), distantly followed by India (325K tonnes), Japan (220K tonnes), and South Korea (149K tonnes) were the major importers of veneer sheet, together constituting 55% of total imports. Spain (104K tonnes), Latvia (104K tonnes), France (90K tonnes), Italy (85K tonnes), Turkey (72K tonnes), Germany (65K tonnes), the Netherlands (44K tonnes), and Austria (41K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to veneer sheet imports into China stood at +23.7%. At the same time, Latvia (+49.6%), India (+43.2%), Japan (+16.2%), Turkey (+15.0%), the Netherlands (+9.9%), France (+1.8%), and Austria (+1.6%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest growing importer/exporter in the world, with a CAGR of +49.6% from 2007-2016. Spain experienced a relatively flat trend pattern. By contrast, South Korea (-2.7%), Germany (-3.0%), and Italy (-5.1%) illustrated a downward trend over the same period. While the share of Italy (2%), and South Korea (2%) increased significantly, the share of Turkey (-2.1%), Latvia (-4.1%), Japan (-6.6%), India (-12.7%), and China (-22.9%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest veneer sheet markets worldwide were India ($200M), Germany ($175M) and Italy ($160M), together comprising 17% of global imports.

India (+32.7% per year) recorded the highest rates of growth with regard to the veneer sheet imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Veneer Sheet Import Prices By Country

The average veneer sheet import price stood at $1,252 per tonne in 2016, ascending by 21% against the previous year. In general, veneer sheet import price continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2016, when import increased by 21% against the previous year level. Over the period under review, average veneer sheet import price attained its maximum level of $2,171 per tonne in 2007; however, from 2008 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Austria ($2,943 per tonne), while Latvia ($231 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of veneer sheet import prices was attained by South Korea (+0.6% per year), while the other global leaders experienced a decline in the import price figures.

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

  • veneer sheet market share
  • veneer sheet prices
  • veneer sheet industry
  • veneer sheet sales
  • veneer sheet import
  • veneer sheet export
  • veneer sheet market forecast
  • veneer sheet price forecast
  • key veneer sheet producers

All data provided in this article covers the following product: HS Code 4408 - Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, planed or not, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm.

Source: World: Veneer Sheets And Sheets For Plywood And Other Wood Sawn Lengthwise - Market Report. Analysis and Forecast to 2025