Global Wood-Based Panels Market Overview 2021

Wood-Based Panels Market Size

The global wood-based panels market stood at $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Wood-Based Panels Production

In value terms, wood-based panels production fell to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of wood-based panels production was China (X cubic meters), accounting for X% of total volume. Moreover, wood-based panels production in China exceeded the figures recorded by the second-largest producer, the U.S. (X cubic meters), fivefold. Russia (X cubic meters) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and Russia (+X% per year).

Wood-Based Panels Exports

Exports

In 2020, overseas shipments of wood-based panels decreased by -X% to X cubic meters, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Global exports peaked at X cubic meters in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, wood-based panels exports dropped slightly to $X in 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, global exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X cubic meters), Canada (X cubic meters), Germany (X cubic meters), Thailand (X cubic meters), Russia (X cubic meters), Brazil (X cubic meters), Indonesia (X cubic meters), Poland (X cubic meters), Austria (X cubic meters), Belgium (X cubic meters), Romania (X cubic meters) and France (X cubic meters) represented the major exporter of wood-based panels in the world, achieving X% of total export. Turkey (X cubic meters) held a little share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey, while exports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Germany ($X) were the countries with the highest levels of exports in 2020, together comprising X% of global exports. These countries were followed by Indonesia, Russia, Austria, Belgium, Poland, Brazil, Thailand, France, Romania and Turkey, which together accounted for a further X terms of the main exporting countries, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wood-based panels export price amounted to $X per cubic meter, falling by -X% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Global export price peaked at $X per cubic meter in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced mixed trends in the export price figures.

Wood-Based Panels Imports

Imports

In 2020, approx. X cubic meters of wood-based panels were imported worldwide; picking up by X% against the year before. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, wood-based panels imports reduced slightly to $X in 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X cubic meters), distantly followed by Germany (X cubic meters) were the largest importers of wood-based panels, together creating X% of total imports. Poland (X cubic meters), Japan (X cubic meters), the Netherlands (X cubic meters), South Korea (X cubic meters), the UK (X cubic meters), Italy (X cubic meters), France (X cubic meters), China (X cubic meters), Belgium (X cubic meters), Malaysia (X cubic meters) and Canada (X cubic meters) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to wood-based panels imports into the U.S. stood at +X%. At the same time, Malaysia (+X%), Belgium (+X%), Poland (+X%), China (+X%), the Netherlands (+X%), Germany (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. South Korea and Canada experienced a relatively flat trend pattern. By contrast, the UK (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of the UK (-X p.p.) and Japan (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wood-based panels worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., wood-based panels imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Japan (-X% per year).

Import Prices by Country

In 2020, the average wood-based panels import price amounted to $X per cubic meter, shrinking by -X% against the previous year. Over the period under review, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. Global import price peaked at $X per cubic meter in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per cubic meter), while Poland ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood-based panels in the world?

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China (151M cubic meters) remains the largest wood-based panels consuming country worldwide, accounting for 37% of total volume. Moreover, wood-based panels consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (48M cubic meters), threefold. India (17M cubic meters) ranked third in terms of total consumption with a 4.3% share.

What are the largest producers of wood-based panels in the world?

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China (160M cubic meters) constituted the country with the largest volume of wood-based panels production, comprising approx. 40% of total volume. Moreover, wood-based panels production in China exceeded the figures recorded by the second-largest producer, the U.S. (34M cubic meters), fivefold. The third position in this ranking was occupied by Russia (20M cubic meters), with a 5% share.

What are the leading suppliers of wood-based panels in the world?

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In value terms, the largest wood-based panels supplying countries worldwide were China ($5.8B), Canada ($3B) and Germany ($2.9B), together comprising 33% of global exports. Indonesia, Russia, Austria, Belgium, Poland, Brazil, Thailand, France, Romania and Turkey lagged somewhat behind, together accounting for a further 33%.

What are the leading importers of wood-based panels in the world?

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In value terms, the U.S. ($6.6B) constitutes the largest market for imported wood-based panels worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Germany ($2.2B), with a 6.4% share of global imports. It was followed by Japan, with a 4.8% share.

What is the average export price for wood-based panels in the world?

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The average wood-based panels export price stood at $418 per cubic meter in 2020, dropping by -3.4% against the previous year.

What is the average import price for wood-based panels in the world?

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The average wood-based panels import price stood at $409 per cubic meter in 2020, falling by -4.1% against the previous year.

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