Webinar: Global MDF Market - Statistics, Trends, and Outlook

Thursday, March 25th, 2021 @ 10:00 am ET

Join our live webinar to get insights into the global MDF market.

Hey everybody!

We are hosting a 40-minute live webinar on the wine MDF market.

Join us to get the main macroeconomic statistics around the production and trade, and talk over the challenges of coronavirus and the nearest future of the market.

We invite speakers from the industry to share their thoughts on how they are going through this difficult time.

Listen to stories from entrepreneurs from around the world and share yours!

Background

The global MDF market declined slightly to $45.9B in 2019, which is down by -4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 13% y-o-y. As a result, consumption reached the peak level of $48.2B and then fell modestly in the following year.

Consumption by Country

China (53M cubic meters) remains the largest MDF consuming country worldwide, accounting for 52% of total volume. Moreover, MDF consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.6M cubic meters), more than tenfold. The third position in this ranking was occupied by Turkey (4.4M cubic meters), with a 4.3% share.

In China, MDF consumption remained relatively stable over the period from 2013-2019. In the other countries, the average annual rates were as follows: the U.S. (+3.4% per year) and Turkey (+0.7% per year).

In value terms, China ($24.5B) led the market, alone. The second position in the ranking was occupied by the U.S. ($2.9B). It was followed by Turkey.

The countries with the highest levels of MDF per capita consumption in 2019 were Belarus (178 cubic meters per 1000 persons), Poland (89 cubic meters per 1000 persons) and Turkey (53 cubic meters per 1000 persons). Moreover, MDF per capita consumption in Belarus exceeded the figures recorded by the world's second-largest consumer, Poland, twofold.

Market Forecast to 2030

Taking into account the vulnerability of the construction sector to the pandemic, as well as reduced investment and consumer spending, it is expected that in 2020, global consumption of MDF declined somewhat against 2019. in the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually, driven by rising population and recovering incomes. Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +1.1% for the period from 2019 to 2030, which is projected to bring the market volume to 115M cubic meters (IndexBox estimates) by the end of 2030.

Speakers

Rönesans Değişim ve Yönetişim Bilimleri Enstitüsü
Hakan Zengin
Board Member, Mentor, and Consultant
I worked in countries like Russia, Ukraine Greece Bulgaria, and Latvia to organize purchasing, shipment, and sales from the forests and ports to Turkey between 1993-2000. I also served as the plant manager of a solid panel plant in Riga from the beginning of construction till the commencement of operations.

I served as the General Manager of Divapan for 12 years after I started as the Foreign Trade Manager and then went on as the Logistics, Planning, Purchasing, IT, and Technical Manager. As the General Manager, I turned Divapan into being a profitable company after years of operational loss. After turning all data into positive figures, we made the largest MDF line investment of Divapan.

IndexBox Inc.
Ivan Borovoi
Market Analyst, Editor
Ivan Borovoi is a market analyst and editor at IndexBox Inc.

For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.

ÇAMSAN ORDU A.Ş.
Oğuzhan ÖZTÜRK
Deputy General Manager

Çamsan Ağaç Sanayi ve Ticaret A.Ş. [Çamsan Wood Industry and Trade Inc.] was established in 1984 in Ordu as the first MDF manufacturer of Turkey, the Middle East, and the Balkans, and the fourth of Europe. Pioneering the sector with high quality and environmentally friendly forest products that touch lives and inspire people to redesign their living and working spaces, Çamsan Ordu made a huge investment of 70 million Euros for the new MDF 3 facility in 2019 drawing a unique, permanent, and new road map in its sector.

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