Wood-based Panels Market

Wood-based panels market: get access to the most recent statistics provided by an Ai-driven business intelligence platform. Facts and figures include consumption, exports, production, companies, market prices, trade, market size, and imports. There is a breakdown by region, including Latin America, Russia, China, EU, the Middle East, the U.S., Africa, and the U.K. Market insights and forecast to 2030 are also provided in the reports.


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Wood-based Panels - World's Largest Markets

RatingCountry
1China
2United States
3India
4Germany
5Poland

In value terms, the largest wood-based panels markets worldwide were China, the United States and India, with a combined 63% share of the global market. Germany, Poland, Japan, Russia, Brazil and Turkey lagged somewhat behind, together accounting for a further 11%.

Poland saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while wood-based panels market for the other global leaders experienced mixed trends in the market figures.

Wood-Based Panels Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per cubic meter
Thailand223223174-11.5%
France385337227-23.2%
Brazil385356267-16.6%
Turkey320293286-5.5%
Russia359331290-10.1%
Canada368336301-9.6%
Spain519491335-19.7%
Belgium450439347-12.2%
Poland425398361-7.8%
Austria4724444780.6%
Germany582528503-7.0%
China570526519-4.6%
Indonesia643625527-9.5%
Average461433384-8.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Indonesia ($527 per cubic meter), while Thailand ($174 per cubic meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per cubic meter
Japan623610567-4.6%
Austria575515454-11.2%
United Kingdom468467439-3.1%
France529518434-9.4%
Germany436415411-2.9%
Netherlands479428393-9.4%
United States484475389-10.3%
South Korea3453253642.7%
Italy401384353-6.1%
China376364300-10.7%
Belgium417338270-19.5%
Poland289282178-21.5%
Saudi Arabia176143127-15.1%
Average437415367-8.4%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($567 per cubic meter), while Saudi Arabia ($127 per cubic meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the import price figures.

Wood-Based Panels - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States6.35.36.41.1%
Germany2.52.32.3-5.0%
Japan2.42.11.7-16.3%
United Kingdom1.61.51.3-10.7%
France1.31.21.2-4.8%

In value terms, the United States ($6.4B) constitutes the largest market for imported wood-based panels worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($2.3B), with a 6.5% share of global imports. It was followed by Japan, with a 4.8% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to +1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and Japan (-16.3% per year).

Wood-Based Panels - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China7.56.15.9-11.2%
Canada32.43-0.4%
Germany3.332.8-7.5%
Indonesia2.21.92-5.8%
Russia2.22.11.9-5.8%

In value terms, China ($5.9B), Canada ($3B) and Germany ($2.8B) constituted the countries with the highest levels of exports in 2020, with a combined 33% share of global exports. These countries were followed by Indonesia, Russia, Austria, Poland, Belgium, Brazil, Thailand, France, Spain and Turkey, which together accounted for a further 34%.

Turkey recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Wood-Based Panels - Market Forecast

Driven by rising demand for wood-based panels worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Wood-based Panels - Product Coverage

  • HS 441112 - Medium density fibreboard (MDF), of a thickness not exceeding 5 mm
  • HS 441113 - Medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm
  • HS 441114 - Medium density fibreboard (MDF), of a thickness exceeding 9 mm
  • HS 441192 - Fibreboard (other than MDF) of a density exceeding 0.8g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
  • HS 441193 - Fibreboard (other than MDF) of a density exceeding 0.5g/cm3 but not 0.8g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
  • HS 441194 - Fibreboard (other than MDF) of a density not exceeding 0.5g/cm3, of wood or other ligneous materials, bonded or not with resins or other organic substances
  • HS 441011 - Wood; particle board and similar board of wood, whether or not agglomerated with resins or other organic binding substances, waferboard, including oriented strand board
  • HS 441012 - Oriented strand board (OSB) of wood, whether or not agglomerated with resins or other organic binding substances
  • HS 441019 - Wood; particle board and similar board of wood, whether or not agglomerated with resins or other organic binding substances, not waferboard or oriented strand board
  • HS 441090 - Particle board, oriented strand board (OSB) and similar board of ligneous materials other than wood, whether or not agglomerated with resins or other organic binding substances
  • HS 441231 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of tropical wood, (as specified in subheading note 1, chapter 44, customs tariff)
  • HS 441232 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of non-coniferous wood, (without an outer ply of tropical wood as specified in subheading note 1, chapter 44, customs tariff)
  • HS 441233 - Plywood; with sheets of wood only; not bamboo; each ply 6mm or less, with at least one outer ply of alder, ash, beech, birch, cherry, chestnut, elm, eucalyptus, hickory, horse chestnut, lime, maple, oak, plane, poplar, aspen, robinia, tulipwood or walnut
  • HS 441234 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of non-coniferous wood not listed in subheading 4412.33
  • HS 441239 - Plywood; consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with both outer plies of coniferous wood
  • HS 441294 - Blockboard, laminboard and battenboard (not bamboo, and other than plywood consisting only of sheets of wood each ply 6mm or thinner)
  • HS 441299 - Plywood; not containing an outer layer of non-coniferous wood, not containing a layer of particle board
  • HS 440810 - Wood; coniferous, sheets for veneering (including those obtained by slicing laminated wood), for plywood or similar laminated wood and other wood, sawn lengthwise, sliced or peeled, planed or not, sanded, spliced or end-jointed, not over 6 mm thick
  • HS 440831 - Wood, tropical; dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, not thicker than 6mm
  • HS 440839 - Wood, tropical; as in Subheading note 2 to this Chapter, n.e.c. in item no. 4408.31, sheets for veneer or plywood, other wood sawn length wise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm
  • HS 440890 - Wood; n.e.s. in heading no. 4408, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, not thicker than 6mm
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World - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global wood-based panels market.

South-Eastern Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in South-Eastern Asia.

Africa - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Africa.

Australia and Oceania - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Australia and Oceania.

Latin America and the Caribbean - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Latin America and the Caribbean.

Southern Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Southern Asia.

Eastern Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Eastern Asia.

Northern America - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Northern America.

Middle East - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in the Middle East.

Central Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood-based panels market in Central Asia.

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