U.S.: Overview of the Market for Softwood Veneer And Plywood 2020

Market Size for Softwood Veneer And Plywood in the U.S.

In 2019, after four years of growth, there was significant decline in the U.S. softwood veneer and plywood market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a measured expansion from 2013 to 2019: its value decreased at an average annual rate of -X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Softwood Veneer And Plywood in the U.S.

In value terms, softwood veneer and plywood production contracted modestly to $X in 2019. Overall, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Exports of Softwood Veneer And Plywood

Exports from the U.S.

In 2019, shipments abroad of softwood veneer and plywood increased by X% to X square meters, rising for the third consecutive year after three years of decline. Over the period under review, exports posted a pronounced increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in the immediate term.

In value terms, softwood veneer and plywood exports declined to $X in 2019. In general, exports recorded a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Canada (X square meters) was the main destination for softwood veneer and plywood exports from the U.S., with a X% share of total exports. Moreover, softwood veneer and plywood exports to Canada exceeded the volume sent to the second major destination, Mexico (X square meters), twofold. Germany (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 stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Germany (+X% per year).

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

From 2013 to 2019, the average annual growth rate 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 Germany (+X% per year).

Export Prices by Country

The average softwood veneer and plywood export price stood at $X per square meter in 2019, declining by -X% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per square meter. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Mexico ($X per square meter), while the average price for exports to Indonesia ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Softwood Veneer And Plywood

Imports into the U.S.

In 2019, the amount of softwood veneer and plywood imported into the U.S. dropped to X square meters, waning by -X% compared with 2018 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2018 to 2019, the growth imports failed to regain the momentum.

In value terms, softwood veneer and plywood imports fell dramatically to $X in 2019. In general, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2019, Canada (X square meters) was the main supplier of softwood veneer and plywood to the U.S., accounting for a X% share of total imports. It was followed by New Zealand (X square meters), with a X% share of total imports.

From 2013 to 2019, the average annual growth rate of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of softwood veneer and plywood to the U.S., comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports.

From 2013 to 2019, the average annual growth rate of value from Canada totaled +X%.

Import Prices by Country

The average softwood veneer and plywood import price stood at $X per square meter in 2019, shrinking by -X% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per square meter, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per square meter), while the price for New Zealand amounted to $X per square meter.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of softwood veneer and plywood to the U.S.?

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In value terms, Canada ($329M) constituted the largest supplier of softwood veneer and plywood to the U.S., comprising 38% of total imports. The second position in the ranking was occupied by New Zealand ($5.4M), with a 0.6% share of total imports.

What are the leading importers of softwood veneer and plywood from the U.S.?

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In value terms, Canada ($82M) remains the key foreign market for softwood veneer and plywood exports from the U.S., comprising 28% of total exports. The second position in the ranking was occupied by Mexico ($41M), with a 14% share of total exports. It was followed by Germany, with a 1.9% share.

What is the average export price for softwood veneer and plywood in the U.S.?

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In 2019, the average softwood veneer and plywood export price amounted to $8.7 per square meter, declining by -8.3% against the previous year.

What is the average import price for softwood veneer and plywood in the U.S.?

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In 2019, the average softwood veneer and plywood import price amounted to $4.7 per square meter, with a decrease of -25.4% against the previous year.