Spain: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Spain

The Spanish wood-based panels market dropped notably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, posted a measured increase. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Wood-Based Panels Production in Spain

In value terms, wood-based panels production shrank to $X in 2022 estimated in export price. In general, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Wood-Based Panels Exports

Exports from Spain

After two years of growth, overseas shipments of wood-based panels decreased by X% to X cubic meters in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters, and then dropped significantly in the following year.

In value terms, wood-based panels exports rose significantly to $X in 2022. Over the period under review, total exports indicated prominent growth 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 pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

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

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

In value terms, Portugal ($X), the United States ($X) and France ($X) appeared to be the largest markets for wood-based panels exported from Spain worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. In general, the export price, however, showed a pronounced reduction. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Morocco ($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 Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood-Based Panels Imports

Imports into Spain

For the eleventh year in a row, Spain recorded growth in purchases abroad of wood-based panels, which increased by X% to X cubic meters in 2022. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wood-based panels imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Portugal (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main suppliers of wood-based panels imports to Spain, together accounting for X% of total imports. Russia, Brazil, Italy, Ukraine, Belgium, Morocco and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Germany ($X) appeared to be the largest wood-based panels suppliers to Spain, with a combined X% share of total imports. Belgium, Ukraine, China, Brazil, Italy, Russia and Morocco lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, saw 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

The average wood-based panels import price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for Morocco ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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