Belgium: Plywood Market 2024

Plywood Market Size in Belgium

After five years of growth, the Belgian plywood market decreased by X% to $X in 2023. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Plywood Production in Belgium

In value terms, plywood production rose modestly to $X in 2023 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Plywood Exports

Exports from Belgium

In 2023, after four years of growth, there was significant decline in shipments abroad of plywood, when their volume decreased by X% to X cubic meters. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2022, and then declined significantly in the following year.

In value terms, plywood exports contracted dramatically to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main destinations of plywood exports from Belgium, with a combined X% share of total exports. The United States, Luxembourg and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest markets for plywood exported from Belgium worldwide, together comprising X% of total exports. The United States, Luxembourg and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average plywood export price amounted to $X per cubic meter, dropping by X% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to France ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Plywood Imports

Imports into Belgium

After four years of growth, supplies from abroad of plywood decreased by X% to X cubic meters in 2023. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X cubic meters, and then declined remarkably in the following year.

In value terms, plywood imports contracted notably to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then declined sharply in the following year.

Imports by Country

In 2023, China (X cubic meters) constituted the largest plywood supplier to Belgium, with a X% share of total imports. Moreover, plywood imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X cubic meters), threefold. The third position in this ranking was taken by Brazil (X cubic meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Brazil (X% per year).

In value terms, China ($X), Brazil ($X) and the Netherlands ($X) were the largest plywood suppliers to Belgium, together comprising X% of total imports. Indonesia, Poland, Germany, Finland, France, Latvia and Chile lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average plywood import price amounted to $X per cubic meter, waning by X% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform