U.S.: Reconstituted Wood Product Market Overview 2021

Reconstituted Wood Product Market Size in the U.S.

The U.S. reconstituted wood product market rose to $X in 2020, picking up by X% against the previous year. In general, consumption recorded a temperate expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Reconstituted Wood Product Production in the U.S.

In value terms, reconstituted wood product production rose slightly to $X in 2020. Overall, production showed a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2018; afterwards, it flattened through to 2020.

Reconstituted Wood Product Exports

Exports from the U.S.

Reconstituted wood product exports from the U.S. shrank sharply to X tonnes in 2020, dropping by -X% against the previous year's figure. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, reconstituted wood product exports fell to $X in 2020. Over the period under review, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for reconstituted wood product exports from the U.S., accounting for a X% share of total exports. Moreover, reconstituted wood product exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), twofold.

From 2013 to 2020, the average annual rate of growth in terms of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Viet Nam (+X% per year).

In value terms, Canada ($X) remains the key foreign market for reconstituted wood product exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2020, the average reconstituted wood product export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price showed a noticeable expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced mixed trend patterns.

Reconstituted Wood Product Imports

Imports into the U.S.

In 2020, supplies from abroad of reconstituted wood products decreased by -X% to X tonnes, falling for the second year in a row after twelve years of growth. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, reconstituted wood product imports soared to $X in 2020. In general, imports, however, posted a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest reconstituted wood product supplier to the U.S., with a X% share of total imports. Moreover, reconstituted wood product imports from Canada exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), more than tenfold. Brazil (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2020, the average annual growth rate of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Brazil (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of reconstituted wood product to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average reconstituted wood product import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the import price, however, saw a pronounced contraction. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of reconstituted wood products to the U.S.?

+

In value terms, Canada ($2.2B) constituted the largest supplier of reconstituted wood product to the U.S., comprising 71% of total imports. The second position in the ranking was occupied by Chile ($230M), with a 7.3% share of total imports. It was followed by Germany, with a 6.6% share.

What are the leading importers of reconstituted wood products from the U.S.?

+

In value terms, Canada ($270M) remains the key foreign market for reconstituted wood product exports from the U.S., comprising 69% of total exports. The second position in the ranking was occupied by Mexico ($92M), with a 23% share of total exports.

What is the average export price for reconstituted wood products in the U.S.?

+

The average reconstituted wood product export price stood at $1,087 per tonne in 2020, with an increase of 31% against the previous year.

What is the average import price for reconstituted wood products in the U.S.?

+

In 2020, the average reconstituted wood product import price amounted to $516 per tonne, surging by 27% against the previous year.