U.S.: Reconstituted Wood Product Market 2022

Reconstituted Wood Product Market Size in the U.S.

The U.S. reconstituted wood product market expanded to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption showed a measured increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Reconstituted Wood Product Production in the U.S.

In value terms, reconstituted wood product production rose to $X in 2021. Overall, production continues to indicate a slight increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in years to come.

Reconstituted Wood Product Exports

Exports from the U.S.

In 2021, overseas shipments of reconstituted wood products increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reconstituted wood product exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tonnes) was the main destination for reconstituted wood product exports from the United States, 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), fourfold.

From 2013 to 2021, the average annual growth rate of volume to Canada stood at +X%.

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

From 2013 to 2021, the average annual rate of growth in terms of value to Canada stood at +X%.

Export Prices by Country

In 2021, the average reconstituted wood product export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per tonne, and then contracted remarkably in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($X per tonne), while the average price for exports to Canada amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%).

Reconstituted Wood Product Imports

Imports into the U.S.

After two years of decline, purchases abroad of reconstituted wood products increased by X% to X tonnes in 2021. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, reconstituted wood product imports soared to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tonnes) constituted the largest reconstituted wood product supplier to the United States, accounting for 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 2021, 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 ($X) constituted the largest supplier of reconstituted wood product to the United States, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2021, the average annual rate of growth in terms of value from Canada stood at +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

In 2021, the average reconstituted wood product import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price recorded notable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform