Global Wood-Based Panels Market 2022

Wood-Based Panels Market Size

In 2021, the global wood-based panels market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Wood-Based Panels Production

In value terms, wood-based panels production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, global production growth remained at a somewhat lower figure.

Wood-Based Panels Exports

Exports

Global wood-based panels exports rose notably to X cubic meters in 2021, surging by X% against the year before. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The global exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, wood-based panels exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X cubic meters), Canada (X cubic meters), Russia (X cubic meters), Thailand (X cubic meters), Germany (X cubic meters), Brazil (X cubic meters), Austria (X cubic meters), Indonesia (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), the Netherlands (X cubic meters) and France (X cubic meters) represented roughly X% of total exports in 2021. Spain (X cubic meters) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of global exports.

Canada, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2021, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Indonesia ($X per cubic meter), while the Netherlands ($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 Canada (+X%), while the other global leaders experienced more modest paces of growth.

Wood-Based Panels Imports

Imports

In 2021, global wood-based panels imports reached X cubic meters, with an increase of X% against the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, wood-based panels imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X cubic meters) and the United States (X cubic meters) represented roughly X% of total imports in 2021. It was distantly followed by Germany (X cubic meters), achieving a X% share of total imports. The Netherlands (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), Italy (X cubic meters), the UK (X cubic meters), Japan (X cubic meters), France (X cubic meters), South Korea (X cubic meters) and Canada (X cubic meters) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +X%), while imports for the other global leaders experienced more modest paces of growth.

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

In the United States, wood-based panels imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Japan (-X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2021, picking up by X% against the previous year. In general, the import price, however, recorded a noticeable descent. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per cubic meter), while Saudi Arabia ($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 the United States (+X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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