Ukraine: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Ukraine

The Ukrainian wood-based panels market contracted to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Ukraine

In value terms, wood-based panels production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Ukraine

In 2022, wood-based panels exports from Ukraine dropped dramatically to X cubic meters, with a decrease of X% against 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then fell sharply in the following year.

In value terms, wood-based panels exports expanded slightly to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X cubic meters) was the main destination for wood-based panels exports from Ukraine, accounting for a X% share of total exports. Moreover, wood-based panels exports to Poland exceeded the volume sent to the second major destination, Moldova (X cubic meters), threefold. The third position in this ranking was held by Romania (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Romania (X% per year).

In value terms, the largest markets for wood-based panels exported from Ukraine were Poland ($X), Austria ($X) and Germany ($X), together accounting for X% of total exports. Spain, Lithuania, Romania, Moldova, Hungary, the Czech Republic, Italy, Slovakia, the Netherlands and Turkey lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, jumping by X% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per cubic meter), while the average price for exports to Moldova ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Ukraine

In 2022, overseas purchases of wood-based panels decreased by X% to X cubic meters, falling for the third year in a row after four years of growth. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood-based panels imports fell dramatically to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Poland (X cubic meters), Belarus (X cubic meters) and Romania (X cubic meters) were the main suppliers of wood-based panels imports to Ukraine, with a combined X% share of total imports. Turkey, Germany, China and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Romania ($X) and Belarus ($X) constituted the largest wood-based panels suppliers to Ukraine, with a combined X% share of total imports.

Belarus, 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 mixed trend patterns.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Russia ($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 Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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