U.S. Reconstituted Wood Product Market. Analysis And Forecast to 2030
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View PricingReconstituted Wood Product Price in the United States - 2023
Contents:
- Reconstituted Wood Product Price in the United States (CIF) - 2023
- Reconstituted Wood Product Price in the United States (FOB) - 2022
- Reconstituted Wood Product Imports in the United States
- Reconstituted Wood Product Exports in the United States
Reconstituted Wood Product Price in the United States (CIF) - 2023
In August 2023, the average reconstituted wood product import price amounted to $2,722 per ton, with an increase of 7.1% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 32% month-to-month. The import price peaked at $2,755 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($7,342 per ton), while the price for Brazil ($519 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Reconstituted Wood Product Price in the United States (FOB) - 2022
In 2022, the average reconstituted wood product export price amounted to $24,458 per ton, picking up by 93% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. Over the period under review, the average export prices attained the maximum at $113,649 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($47,054 per ton), while the average price for exports to South Korea ($383 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.4%), while the prices for the other major destinations experienced a decline.
Reconstituted Wood Product Imports in the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of reconstituted wood products, which increased by 34% to 2.5M tons in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 239%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, reconstituted wood product imports declined to $5.7B in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of $5.8B, and then declined in the following year.
| Import of Reconstituted Wood Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,635 | 2,226 | 4,432 | 3,823 | 32.7% |
| Chile | 219 | 230 | 266 | 529 | 34.2% |
| Germany | 163 | 207 | 191 | 238 | 13.4% |
| Brazil | 70.9 | 84.5 | 113 | 212 | 44.1% |
| China | 162 | 100 | 139 | 198 | 6.9% |
| Mexico | 24.6 | 20.7 | 36.2 | 68.9 | 41.0% |
| Vietnam | 9.1 | 30.8 | 43.5 | 51.6 | 78.3% |
| Austria | 31.1 | 40.9 | 49.2 | 51.1 | 18.0% |
| New Zealand | 17.2 | 15.1 | 16.3 | 24.0 | 11.7% |
| Others | 152 | 187 | 510 | 492 | 47.9% |
| Total | 2,484 | 3,142 | 5,796 | 5,686 | 31.8% |
Top Suppliers of Reconstituted Wood Product to the United States in 2022:
- Canada (675.9K tons)
- Chile (560.1K tons)
- Brazil (301.4K tons)
- China (222.8K tons)
- Germany (195.5K tons)
- New Zealand (55.3K tons)
- Vietnam (54.2K tons)
- Mexico (38.8K tons)
- Austria (28.4K tons)
Reconstituted Wood Product Exports in the United States
In 2022, overseas shipments of reconstituted wood products decreased by -40.8% to 23K tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 731%. As a result, the exports reached the peak of 47K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, reconstituted wood product exports rose remarkably to $566M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Reconstituted Wood Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 261 | 271 | 335 | 359 | 11.2% |
| Mexico | 107 | 92.4 | 134 | 185 | 20.0% |
| Japan | 1.9 | 1.8 | 1.8 | 1.8 | -1.8% |
| Vietnam | 17.8 | 13.2 | 3.2 | 1.4 | -57.2% |
| Italy | 2.1 | 0.3 | 4.2 | 1.2 | -17.0% |
| South Korea | 1.5 | 1.1 | 1.8 | 0.3 | -41.5% |
| Chile | 3.1 | 2.4 | 2.5 | 0.2 | -59.9% |
| Others | 20.2 | 12.0 | 13.0 | 17.2 | -5.2% |
| Total | 415 | 395 | 496 | 566 | 10.9% |
Top Export Markets for Reconstituted Wood Product from the United States in 2022:
- Mexico (9.4K tons)
- Canada (7.6K tons)
- Japan (1.3K tons)
- Vietnam (1.1K tons)
- South Korea (0.9K tons)
- Italy (0.4K tons)
- Chile (0.4K tons)
This report provides an in-depth analysis of the reconstituted wood product 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.
Product coverage:
- NAICS 321219 - Reconstituted wood product manufacturing
Companies mentioned:
- Louisiana-Pacific Corporation
- Huber Engineered Woods
- Polyglass U.S.A.
- Dominance Industries
- Fiberesin Industries
- Forest Hambro Products
- Norbord Mississippi
- Advanced Environmental Recycling Technologies
- Clarion Boards
- Craftmaster Manufacturing
- RTS Packaging
- Building Materials Corporation of America
- Del-Tin Fiber
- Norbord Georgia
- Norbord Georgia
- Industrial Timber
- Martco
- Norbord Texas Limited Partnership
- Bmca Holdings Corporation
- RLC Industries Co.
- Aconcagua Timber Corp.
- US Test Company 210
- Plum Creek Mdf
- Norbord Texas (nacogdoches)
- Panolam Industries International
- Collins Timber Company
- Morehouse Bioenergy
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
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The U.S. reconstituted wood product market is estimated at approx. $12B. Over May-June 2020, the production and imports recovered from the lockdown-related drop and continued to grow. It is driven by rapidly growing suburban construction and the related need to equip homes with furniture. Should the pandemic wane in 2021, the market is to continue measured growth.
243
Imports of Sawmill Product reached $679M in May 2023, representing a significant expansion in value terms.
213
In January 2023, the sawmill product price amounted to $1,409 per ton (CIF, US), which is down by -28.7% against the previous month.
519
In 2020, the construction boom in the U.S. set off an unprecedented demand for sawnwood, outpacing the rate of recovery from disruptions due to Covid. With stocks depleting, product prices have skyrocketed over the previous year. From February 2021, lumber mill utilization began to fall following a weaker activity in the construction sector. According to the results of the year, growth in the sawnwood market is predicted, stimulated by a continuing increase in construction.
137
In May 2023, the growth pace of Truss was exceptionally rapid, with a remarkable increase of 123% compared to the previous month. However, in November 2023, the value of truss imports significantly declined to $4.3M.
190
The value of Truss imports experienced a significant increase to $4.4M in July 2023.
235
In value terms, truss imports soared to $2.5M in March 2023.
183
In May 2023, the growth rate of Wood Preservation was the most rapid, experiencing a month-on-month increase of 25%. However, in August 2023, the value of wood preservation exports declined to $33M.
246
In April 2023, the wood preservation price amounted to $1,303 per ton (FOB, US), increasing by 8.3% against the previous month.
325
In value terms, hardwood veneer and plywood imports reached $127M in March 2023.
