U.S.: Overview of the Market for Hardwood Veneer Аnd Plywood 2020

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

The U.S. hardwood veneer nd plywood market was estimated at $X in 2019, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the near future.

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

In value terms, hardwood veneer nd plywood production rose rapidly to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2019 and is likely to continue growth in the immediate term.

Exports of Hardwood Veneer Аnd Plywood

Exports from the U.S.

In 2019, shipments abroad of hardwood veneer nd plywood increased by X% to X square meters, rising for the second consecutive year after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of X square meters. From 2015 to 2019, the growth exports remained at a lower figure.

In value terms, hardwood veneer nd plywood exports fell modestly to $X in 2019. Over the period under review, exports, however, showed a mild reduction. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports failed to regain the momentum.

Exports by Country

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

From 2013 to 2019, the average annual growth rate 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 ($X) remains the key foreign market for hardwood veneer nd plywood exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value to Canada totaled -X%. 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

In 2019, the average hardwood veneer nd plywood export price amounted to $X per square meter, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per square meter. From 2018 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hardwood Veneer Аnd Plywood

Imports into the U.S.

In 2019, approx. X square meters of hardwood veneer nd plywood were imported into the U.S.; waning by -X% on the previous year's figure. Over the period under review, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2019, the growth imports remained at a lower figure.

In value terms, hardwood veneer nd plywood imports reduced notably to $X in 2019. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then dropped significantly in the following year.

Imports by Country

In 2019, Canada (X square meters) constituted the largest hardwood veneer nd plywood supplier to the U.S., with a X% share of total imports. Moreover, hardwood veneer nd plywood imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X square meters), more than tenfold. Ecuador (X square meters) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Ecuador (+X% per year).

In value terms, the largest hardwood veneer nd plywood suppliers to the U.S. were China ($X), Canada ($X) and Ecuador ($X), together comprising X% of total imports. Brazil, Italy, Germany, Portugal, Estonia, Ghana, Cote d'Ivoire and Gabon lagged somewhat behind, together accounting for a further X terms of the main suppliers, Portugal saw 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 nd plywood import price stood at $X per square meter in 2019, dropping by -X% against the previous year. Over the last six-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then reduced in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per square meter), while the price for Gabon ($X per square meter) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of hardwood veneer Аnd plywood to the U.S.?

+

In value terms, the largest hardwood veneer аnd plywood suppliers to the U.S. were China ($308M), Canada ($247M) and Ecuador ($52M), together comprising 33% of total imports. These countries were followed by Brazil, Italy, Germany, Portugal, Estonia, Ghana, Cote d'Ivoire and Gabon, which together accounted for a further 6.1%.

What are the leading importers of hardwood veneer Аnd plywood from the U.S.?

+

In value terms, Canada ($163M) remains the key foreign market for hardwood veneer аnd plywood exports from the U.S., comprising 43% of total exports. The second position in the ranking was occupied by Mexico ($51M), with a 13% share of total exports. It was followed by Spain, with a 4.9% share.

What is the average export price for hardwood veneer Аnd plywood in the U.S.?

+

In 2019, the average hardwood veneer аnd plywood export price amounted to $1.9 per square meter, therefore, remained relatively stable against the previous year.

What is the average import price for hardwood veneer Аnd plywood in the U.S.?

+

The average hardwood veneer аnd plywood import price stood at $26 per square meter in 2019, falling by -9.6% against the previous year.