U.S. - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

U.S.: Wood-Based Panels Market Overview 2020

Wood-Based Panels Market Size in the U.S.

The revenue of the wood-based panels market in the U.S. amounted to $X in 2018, coming down by -X% against the previous year. Overall, wood-based panels consumption, however, continues to indicate a moderate reduction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Wood-based panels consumption peaked at $X in 2017, and then declined slightly in the following year.

Wood-Based Panels Production in the U.S.

In value terms, wood-based panels production amounted to $X in 2018. In general, wood-based panels production continues to indicate a slight decrease. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Wood-based panels production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Wood-Based Panels Exports

Exports from the U.S.

Wood-based panels exports from the U.S. totaled X cubic meters in 2018, rising by X% against the previous year. Over the period under review, wood-based panels exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, wood-based panels exports reached their peak figure at X cubic meters in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, wood-based panels exports stood at $X in 2018. Overall, wood-based panels exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Canada (X cubic meters) was the main destination for wood-based panels exports from the U.S., with a X% share of total exports. Moreover, wood-based panels exports to Canada exceeded the volume sent to the second major destination, Mexico (X cubic meters), twofold. Germany (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Germany (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value 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 China (-X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2018, going down by -X% against the previous year. Over the period under review, the export price indicated a noticeable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wood-based panels export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. In that year, the average export prices for wood-based panels reached their peak level of $X per cubic meter, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per cubic meter), while the average price for exports to the Netherlands ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, 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 more modest paces of growth.

Wood-Based Panels Imports

Imports into the U.S.

In 2018, the amount of wood-based panels imported into the U.S. totaled X cubic meters, shrinking by -X% against the previous year. Over the period under review, wood-based panels imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2017, and then declined slightly in the following year.

In value terms, wood-based panels imports amounted to $X in 2018. In general, wood-based panels imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, wood-based panels imports reached their maximum at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Canada (X cubic meters) constituted the largest supplier of wood-based panels to the U.S., accounting for a X% share of total imports. Moreover, wood-based panels imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), more than tenfold. The third position in this ranking was occupied by China (X cubic meters), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the average wood-based panels import price amounted to $X per cubic meter, coming down by -X% against the previous year. In general, the wood-based panels import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per cubic meter), while the price for Italy ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform