Updated Feb 25, 2023 16:57

Global Veneer Sheets Market

Market Overview
The global veneer sheets market declined to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $, and then declined in the following year.

In value terms, veneer sheets production reached $ in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. As a result, production attained the peak level of $. From 2017 to , global production growth remained at a lower figure.

The countries with the highest volumes of production in were China ( cubic meters), Vietnam ( cubic meters) and Russia ( cubic meters), with a combined % share of global production.

From 2007 to , the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Vietnam (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
Global veneer sheets consumption shrank to cubic meters in , with a decrease of -% compared with figures. Overall, the total consumption indicated noticeable growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. As a result, consumption attained the peak volume of cubic meters, and then reduced in the following year.

The global veneer sheets market value dropped to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated modest growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $, and then declined in the following year.


Consumption by Country
The country with the largest volume of veneer sheets consumption was China ( cubic meters), comprising approx. % of total volume. Moreover, veneer sheets consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam ( cubic meters), twofold. The third position in this ranking was held by Indonesia ( cubic meters), with a % share.

In China, veneer sheets consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Vietnam (+% per year) and Indonesia (+% per year).

In value terms, the United States ($), Vietnam ($) and Mexico ($) were the countries with the highest levels of market value in , with a combined % share of the global market.

Among the main consuming countries, Vietnam, with a CAGR of +%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of veneer sheets per capita consumption in were Vietnam ( cubic meters per persons), Malaysia ( cubic meters per persons) and Canada ( cubic meters per persons).

From 2007 to , the biggest increases were recorded for Vietnam (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for veneer sheets worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .