Portugal: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Portugal

In 2022, after seven years of decline, there was significant growth in the Portuguese wood-based panels market, when its value increased by X% to $X. Overall, consumption saw a noticeable expansion. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Portugal

In value terms, wood-based panels production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wood-Based Panels Exports

Exports from Portugal

In 2022, shipments abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then shrank in the following year.

In value terms, wood-based panels exports soared to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X cubic meters) was the main destination for wood-based panels exports from Portugal, accounting for a X% share of total exports. Moreover, wood-based panels exports to Spain exceeded the volume sent to the second major destination, the UK (X cubic meters), sixfold. The third position in this ranking was held by Ireland (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ireland (X% per year).

In value terms, Spain ($X) remains the key foreign market for wood-based panels exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ireland (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in overseas purchases of wood-based panels, when their volume decreased by X% to X cubic meters. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood-based panels imports totaled $X in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest supplier of wood-based panels to Portugal, accounting for a X% share of total imports. Moreover, wood-based panels imports from Spain exceeded the figures recorded by the second-largest supplier, France (X cubic meters), sixfold. The third position in this ranking was taken by Russia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Russia (X% per year).

In value terms, Spain ($X) constituted the largest supplier of wood-based panels to Portugal, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per cubic meter) and Germany ($X per cubic meter), while the price for Russia ($X per cubic meter) and France ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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