Veneer Sheets Market in Ukraine
Market Overview
In
, the Ukrainian veneer sheets market decreased by -
% to $
, falling for the second year in a row after two years of growth. Overall, consumption saw a perceptible shrinkage. Veneer sheets consumption peaked at $
in
; however, from
to
, consumption stood at a somewhat lower figure.
In value terms, veneer sheets production expanded slightly to $
in
estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of
%. Veneer sheets production peaked at $
in
; however, from
to
, production failed to regain momentum.







In value terms, veneer sheets production expanded slightly to $







Consumption
In
, consumption of veneer sheets decreased by -
% to
cubic meters, falling for the second consecutive year after two years of growth. In general, consumption showed a noticeable descent. Over the period under review, consumption attained the peak volume at
cubic meters in
; however, from
to
, consumption stood at a somewhat lower figure.
The size of the veneer sheets market in Ukraine fell to $
in
, dropping 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). Overall, consumption saw a pronounced decrease. Over the period under review, the market attained the maximum level at $
in
; however, from
to
, consumption failed to regain momentum.







The size of the veneer sheets market in Ukraine fell to $







Market Forecast
Depressed by shrinking demand for veneer sheets in Ukraine, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -
% for the period from
to
, which is projected to depress the market volume to
cubic meters by the end of
.
In value terms, the market is forecast to contract 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
.





In value terms, the market is forecast to contract with an anticipated CAGR of -





Market Structure
Driven by a growing demand, the share of imports in total supply in Ukraine increased significantly over the last fifteen-year period (from
% to
%). In
, the share of imports in total consumption accounted for
% in value terms and
% in physical terms. The share of imports increased moderately (
percentage point) over the period under review.






Trade Balance
Ukraine remains a net exporter of veneer sheets; in physical and value terms, exports consistently exceeded imports from 2007 to
. In
, there was a significant trade surplus of
cubic meters, which was equal to $
. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.




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