United Kingdom: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in the UK

The UK wood-based panels market fell to $X in 2022, declining by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in the UK

In value terms, wood-based panels production dropped remarkably to $X in 2022 estimated in export price. Overall, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Wood-based panels production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Wood-Based Panels Exports

Exports from the UK

In 2022, approx. X cubic meters of wood-based panels were exported from the UK; waning by X% against the year before. Overall, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

The Netherlands (X cubic meters), Ireland (X cubic meters) and the United States (X cubic meters) were the main destinations of wood-based panels exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wood-based panels exported from the UK were the Netherlands ($X), Ireland ($X) and the United States ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain 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 France ($X per cubic meter), while the average price for exports to Sweden ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into the UK

In 2022, approx. X cubic meters of wood-based panels were imported into the UK; which is down by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X cubic meters, and then dropped in the following year.

In value terms, wood-based panels imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X cubic meters), Ireland (X cubic meters) and Germany (X cubic meters) were the main suppliers of wood-based panels imports to the UK, together comprising X% of total imports. France, Brazil, Belgium, Spain, Latvia, Portugal, Finland, Poland, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels suppliers to the UK were China ($X), Ireland ($X) and Germany ($X), with a combined X% share of total imports. Spain, Belgium, Brazil, France, Indonesia, Latvia, Finland, Poland, Portugal and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

Source: IndexBox Platform

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