Wood Concrete Shuttering and Shingle Market

The article discusses the increasing demand for wood concrete shuttering, shingles, and shakes worldwide, with a forecasted growth in market volume and value by 2030. It covers market performance, consumption trends, production, imports, and exports of wood concrete products. Key insights include the dominance of China in consumption and production, the growth in the United States market, and fluctuations in import and export prices. The data also highlights the major exporting countries, their growth rates, and the variability in average export prices over the analyzed period.

Market Forecast

Driven by increasing demand for wood concrete shuttering, shingles and shakes worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 3.9M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $7.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Wood Concrete Shuttering, Shingles and Shakes

Global wood concrete shuttering and shingle consumption reached 3.1M tons in 2022, standing approx. at the year before. The total consumption volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 3.1M tons in 2019; afterwards, it flattened through to 2022.

The size of the market for wood concrete shuttering, shingles and shakes worldwide rose markedly to $5B in 2022, surging by 6.8% 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 +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Consumption By Country

China (634K tons) remains the largest wood concrete shuttering and shingle consuming country worldwide, accounting for 21% of total volume. Moreover, wood concrete shuttering and shingle consumption in China exceeded the figures recorded by the second-largest consumer, the United States (282K tons), twofold. The third position in this ranking was held by India (254K tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +5.2%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+4.8% per year) and India (+4.8% per year).

In value terms, the United States ($1.2B) led the market, alone. The second position in the ranking was taken by China ($562M). It was followed by Bangladesh.

In the United States, the wood concrete shuttering and shingle market expanded at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+5.3% per year) and Bangladesh (+13.3% per year).

In 2022, the highest levels of wood concrete shuttering and shingle per capita consumption was registered in Austria (6.6 kg per person), followed by Canada (1.5 kg per person), South Korea (1.2 kg per person) and Russia (1 kg per person), while the world average per capita consumption of wood concrete shuttering and shingle was estimated at 0.4 kg per person.

From 2012 to 2022, the average annual rate of growth in terms of the wood concrete shuttering and shingle per capita consumption in Austria amounted to +26.6%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+3.5% per year) and South Korea (+2.3% per year).

Production

World Production of Wood Concrete Shuttering, Shingles and Shakes

For the seventh consecutive year, the global market recorded growth in production of wood concrete shuttering, shingles and shakes, which increased by 3% to 3.3M tons in 2022. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +46.4% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, global production hit record highs in 2022 and is likely to see gradual growth in the immediate term.

In value terms, wood concrete shuttering and shingle production rose slightly to $5.1B in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +62.2% against 2015 indices. The growth pace was the most rapid in 2018 when the production volume increased by 17%. Global production peaked in 2022 and is likely to see gradual growth in years to come.

Production By Country

The country with the largest volume of wood concrete shuttering and shingle production was China (675K tons), accounting for 21% of total volume. Moreover, wood concrete shuttering and shingle production in China exceeded the figures recorded by the second-largest producer, the United States (273K tons), twofold. India (250K tons) ranked third in terms of total production with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +5.1%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+12.2% per year) and India (+4.8% per year).

Imports

World Imports of Wood Concrete Shuttering, Shingles and Shakes

In 2022, the amount of wood concrete shuttering, shingles and shakes imported worldwide declined to 331K tons, with a decrease of -1.5% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 16%. Over the period under review, global imports hit record highs at 479K tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wood concrete shuttering and shingle imports reached $879M in 2022. The total import value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

The countries with the highest levels of wood concrete shuttering and shingle imports in 2022 were Germany (23K tons), Italy (20K tons), Austria (19K tons), Poland (16K tons), Canada (15K tons), the United States (15K tons), Switzerland (14K tons), Portugal (13K tons), Turkey (12K tons), France (11K tons), the Czech Republic (11K tons) and Spain (9.3K tons), together accounting for 54% of total import. Belgium (9.1K tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +14.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($337M) constitutes the largest market for imported wood concrete shuttering, shingles and shakes worldwide, comprising 38% of global imports. The second position in the ranking was taken by Canada ($49M), with a 5.6% share of global imports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+13.3% per year) and Germany (+4.3% per year).

Import Prices By Country

The average import price for wood concrete shuttering, shingles and shakes stood at $2,658 per ton in 2022, with an increase of 17% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood concrete shuttering and shingle import price increased by +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($22,217 per ton), while the Czech Republic ($895 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Wood Concrete Shuttering, Shingles and Shakes

In 2022, shipments abroad of wood concrete shuttering, shingles and shakes increased by 12% to 502K tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 20%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wood concrete shuttering and shingle exports soared to $940M in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, Canada (151K tons), distantly followed by Austria (100K tons), China (41K tons), the Czech Republic (38K tons) and Germany (35K tons) were the key exporters of wood concrete shuttering, shingles and shakes, together committing 73% of total exports. Slovakia (21K tons), the Netherlands (16K tons), Spain (14K tons), Guyana (10K tons), Poland (8.9K tons), Israel (7.8K tons) and Italy (7.7K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +55.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood concrete shuttering and shingle supplying countries worldwide were Canada ($329M), Austria ($182M) and Germany ($67M), with a combined 62% share of global exports. The Czech Republic, China, Slovakia, Spain, Italy, the Netherlands, Poland, Israel and Guyana lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, Israel, with a CAGR of +55.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for wood concrete shuttering, shingles and shakes stood at $1,872 per ton in 2022, with an increase of 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($2,940 per ton), while China ($882 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform