U.S.: Market for Hardwood Veneer and Plywood 2022

Market Size for Hardwood Veneer and Plywood in the U.S.

In 2021, the U.S. hardwood veneer and plywood market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed perceptible growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Hardwood Veneer and Plywood in the U.S.

In value terms, hardwood veneer and plywood production expanded slightly to $X in 2021. In general, production showed notable growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Hardwood veneer and plywood production peaked in 2021 and is expected to retain growth in years to come.

Exports of Hardwood Veneer and Plywood

Exports from the U.S.

In 2021, shipments abroad of hardwood veneer and plywood was finally on the rise to reach X cubic meters for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hardwood veneer and plywood exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X cubic meters) was the main destination for hardwood veneer and plywood exports from the United States, accounting for a X% share of total exports. Moreover, hardwood veneer and plywood exports to Canada exceeded the volume sent to the second major destination, Mexico (X cubic meters), threefold. Spain (X cubic meters) ranked third in terms of total exports with a X% share.

From 2013 to 2021, the average annual rate of growth in terms of volume 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 Spain (+X% per year).

In value terms, Canada ($X) remains the key foreign market for hardwood veneer and plywood exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2013 to 2021, the average annual rate of growth in terms 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 Spain (+X% per year).

Export Prices by Country

The average hardwood veneer and plywood export price stood at $X per cubic meter in 2021, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Indonesia ($X per cubic meter) and Italy ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-X%), while the prices for the other major destinations experienced a decline.

Imports of Hardwood Veneer and Plywood

Imports into the U.S.

After four years of decline, purchases abroad of hardwood veneer and plywood increased by X% to X cubic meters in 2021. In general, imports posted a moderate expansion. Imports peaked at X cubic meters in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hardwood veneer and plywood imports skyrocketed to $X in 2021. Overall, imports saw a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X cubic meters), Russia (X cubic meters) and Indonesia (X cubic meters) were the main suppliers of hardwood veneer and plywood imports to the United States, together comprising X% of total imports. These countries were followed by Canada, China, Brazil and Cambodia, which together accounted for a further X 2013 to 2021, the biggest increases were in Cambodia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Russia ($X) and Canada ($X) constituted the largest hardwood veneer and plywood suppliers to the United States, together accounting for X% of total imports. These countries were followed by China, Cambodia, Indonesia and Brazil, which together accounted for a further X the main suppliers, Cambodia, with a CAGR of +X%, recorded the highest growth rate of 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 hardwood veneer and plywood import price stood at $X per cubic meter in 2021, surging by X% against the previous year. Over the period under review, the import price showed pronounced growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Cambodia ($X per cubic meter), while the price for Brazil ($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 China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform