U.S. Hardwood veneer and plywood Market. Analysis And Forecast to 2025

U.S.: Overview of the Market for Hardwood veneer and plywood 2019

Market Size for Hardwood veneer and plywood in the USA

The revenue of the hardwood veneer and plywood market in the U.S. amounted to $X in 2018, going down by -X% against the previous year. Overall, hardwood veneer and plywood consumption continues to indicate an abrupt downturn. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. The hardwood veneer and plywood consumption peaked of $X in 2015; however, from 2016 to 2018, it stood at a somewhat lower level.

Production of Hardwood veneer and plywood in the USA

In value terms, hardwood veneer and plywood production stood at $X in 2018. The total output value increased an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015, when the output figure increased by X% against the previous year. The hardwood veneer and plywood production peaked in 2018, and is expected to retain its growth in the near future.

Exports of Hardwood veneer and plywood

Exports from the USA

In 2018, approx. X tonnes of hardwood veneer and plywood were exported from the U.S.; shrinking by -X% against the previous year. Overall, hardwood veneer and plywood exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. In that year, the hardwood veneer and plywood exports reached their peak volume of X tonnes. From 2015 to 2018, growth of the hardwood veneer and plywood exports stood at a somewhat lower level.

In value terms, hardwood veneer and plywood exports stood at $X in 2018. In general, hardwood veneer and plywood exports continue to indicate a moderate shrinkage. In that year, the hardwood veneer and plywood exports reached their peak level of $X. From 2015 to 2018, growth of the hardwood veneer and plywood exports stood at a somewhat lower level.

Exports by Country

Germany (X tonnes), Spain (X tonnes) and Egypt (X tonnes) were the main destinations of hardwood veneer and plywood exports from the U.S., together comprising X% of total exports. These countries were followed by China, Viet Nam, Portugal, Malaysia, Indonesia, the United Arab Emirates, Turkey, Italy and the UK, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Portugal ($X) constituted the largest markets for hardwood veneer and plywood exported from the U.S. worldwide, with a combined X% share of total exports. Indonesia, Egypt, Malaysia, the United Arab Emirates, Italy, China, Viet Nam, Turkey and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United Arab Emirates (+X% per year) recorded the highest rates of growth with regard to exports, over the last five years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hardwood veneer and plywood export price amounted to $X per kg, jumping by X% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018, when the average export price increased by X% against the previous year. In that year, the average export prices for hardwood veneer and plywood attained their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of origin; the country with the highest export price was Italy ($X per kg), while average price for exports to Egypt ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the United Arab Emirates (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Imports of Hardwood veneer and plywood

Imports into the USA

In 2018, approx. X tonnes of hardwood veneer and plywood were imported into the U.S.; growing by X% against the previous year. In general, hardwood veneer and plywood imports continue to indicate a precipitous deduction. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. The imports peaked of X tonnes in 2016; however, from 2017 to 2018, it stood at a somewhat lower level.

In value terms, hardwood veneer and plywood imports amounted to $X in 2018. Overall, hardwood veneer and plywood imports continue to indicate a dramatic decrease. Over the period under review, the hardwood veneer and plywood imports reached its maximum level of $X in 2015; however, from 2016 to 2018, it stood at a somewhat lower level.

Imports by Country

In 2018, China (X tonnes) constituted the largest hardwood veneer and plywood supplier to the U.S., accounting for X% share of total imports. Moreover, hardwood veneer and plywood imports from China exceeded the figures recorded by the second largest supplier, Thailand (X tonnes), twofold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Malaysia (-X% per year).

In value terms, China ($X) constituted the largest supplier of hardwood veneer and plywood to the U.S., making up X% of total hardwood veneer and plywood imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (-X% per year).

Import Prices by Country

The average hardwood veneer and plywood import price stood at $X per kg in 2018, growing by X% against the previous year. Over the last five year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. The import price peaked in 2018, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Belgium ($X per kg), while price for Thailand ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform