U.S.: Wood-Based Panels Market 2022

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

The U.S. wood-based panels market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Wood-Based Panels Production in the U.S.

In value terms, wood-based panels production amounted to $X in 2021. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wood-Based Panels Exports

Exports from the U.S.

For the third consecutive year, the United States recorded growth in overseas shipments of wood-based panels, which increased by X% to X cubic meters in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, wood-based panels exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

Canada (X cubic meters) was the main destination for wood-based panels exports from the United States, accounting for 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. The third position in this ranking was taken by Bahamas (X cubic meters), with a X% share.

From 2012 to 2021, 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 Bahamas (+X% per year).

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

From 2012 to 2021, the average annual growth rate 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 Australia (-X% per year).

Export Prices by Country

In 2021, the average wood-based panels export price amounted to $X per cubic meter, picking up by X% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood-Based Panels Imports

Imports into the U.S.

Wood-based panels imports into the United States skyrocketed to X cubic meters in 2021, rising by X% compared with the year before. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wood-based panels imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X cubic meters) constituted the largest wood-based panels supplier to the United States, with a X% share of total imports. Moreover, wood-based panels imports from Canada exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), eightfold. The third position in this ranking was taken by Indonesia (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Indonesia (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of wood-based panels to the United States, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, 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: Brazil (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2021, the average wood-based panels import price amounted to $X per cubic meter, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per cubic meter), while the price for Latvia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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