Puerto Rico: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Puerto Rico

The Puerto Rican wood-based panels market amounted to less than $X in 2021, remaining relatively unchanged 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). Overall, consumption continues to indicate a relatively flat trend pattern.

Wood-Based Panels Exports

Exports from Puerto Rico

In 2021, exports of wood-based panels from Puerto Rico stood at less than X cubic meters, approximately mirroring 2020. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, wood-based panels exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, China (X cubic meters), followed by Canada (X cubic meters), Russia (X cubic meters), Thailand (X cubic meters), Turkey (X cubic meters) and Germany (X cubic meters) were the major exporters of wood-based panels, together mixing up 46% of total exports. Brazil (X cubic meters), Indonesia (X cubic meters), Austria (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), Belarus (X cubic meters) and Vietnam (X cubic meters) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 32% of total exports. These countries were followed by Russia, Indonesia, Turkey, Austria, Brazil, Poland, Belgium, Vietnam, Thailand and Belarus, which together accounted for a further 36%.

Vietnam, with a CAGR of +27.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, approximately mirroring the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per thousand cubic meters), while Thailand ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.5%), while the other leaders experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wood-Based Panels Imports

Imports into Puerto Rico

In 2021, imports of wood-based panels into Puerto Rico stood at less than X cubic meters, approximately mirroring the year before. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, wood-based panels imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X cubic meters), distantly followed by Germany (X cubic meters) were the largest importers of wood-based panels, together making up 21% of total imports. China (X cubic meters), the Netherlands (X cubic meters), Poland (X cubic meters), Japan (X cubic meters), South Korea (X cubic meters), the UK (X cubic meters), Italy (X cubic meters), Canada (X cubic meters), Belgium (X cubic meters), France (X cubic meters) and Malaysia (X cubic meters) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood-based panels imports into the United States stood at +8.6%. At the same time, China (+14.8%), Poland (+11.2%), Malaysia (+10.9%), Belgium (+8.0%), Canada (+5.4%), the UK (+5.3%), the Netherlands (+4.9%), South Korea (+4.9%), Italy (+3.4%), France (+2.0%) and Germany (+2.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.8% from 2012-2021. By contrast, Japan (-2.6%) illustrated a downward trend over the same period. The United States (+4.1 p.p.) and China (+2.4 p.p.) significantly strengthened its position in terms of the global imports, while Germany and Japan saw its share reduced by -1.7% and -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wood-based panels into Puerto Rico, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.1% share of global imports. It was followed by Japan, with a 4.3% share.

In the United States, wood-based panels imports expanded at an average annual rate of +10.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Japan (-3.1% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand cubic meters, approximately reflecting the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per thousand cubic meters), while China ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :