Veneer Sheets Market Overview in the USA
In value terms, veneer sheets production surged to $ in 2019. Over the period under review, the total production indicated a strong increase from 2007 to 2019: its value decreased at an average annual rate of % over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.
The revenue of the veneer sheets market in the U.S. reduced to $ in 2019, shrinking 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, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.