Oriented Strandboard (OSB) Market in Belgium
Market Overview
After two years of growth, the Belgian oriented strandboard (OSB) market decreased by -
% to $ in . Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
In value terms, oriented strandboard (OSB) production expanded notably to $ in estimated in export price. In general, the total production indicated a measured increase from 2007 to : its value 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, production decreased by -% against indices. The pace of growth appeared the most rapid in 2016 with an increase of %. As a result, production attained the peak level of $. From 2017 to , production growth remained at a somewhat lower figure.
% to $ in . Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.In value terms, oriented strandboard (OSB) production expanded notably to $
in estimated in export price. In general, the total production indicated a measured increase from 2007 to : its value 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, production decreased by -% against indices. The pace of growth appeared the most rapid in 2016 with an increase of %. As a result, production attained the peak level of $. From 2017 to , production growth remained at a somewhat lower figure.Consumption
In , the amount of oriented strandboard (OSB) consumed in Belgium contracted notably to cubic meters, waning by -% on the year before. Over the period under review, consumption saw a abrupt curtailment. As a result, consumption attained the peak volume of cubic meters. From 2018 to , the growth of the consumption remained at a somewhat lower figure.
The size of the oriented strandboard (OSB) market in Belgium reduced sharply 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). Overall, consumption saw a deep downturn. Oriented strandboard (OSB) consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
, the amount of oriented strandboard (OSB) consumed in Belgium contracted notably to cubic meters, waning by -% on the year before. Over the period under review, consumption saw a abrupt curtailment. As a result, consumption attained the peak volume of cubic meters. From 2018 to , the growth of the consumption remained at a somewhat lower figure.The size of the oriented strandboard (OSB) market in Belgium reduced sharply 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). Overall, consumption saw a deep downturn. Oriented strandboard (OSB) consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.Market Forecast
Driven by rising demand for oriented strandboard (OSB) in Belgium, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, 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 .
% 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 .Market Structure
Driven by a growing demand, the share of imports in total supply in Belgium increased significantly over the last fifteen-year period (from % to %). Oriented strandboard (OSB) market in Belgium remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Oriented strandboard (OSB) market in Belgium remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
Belgium remains a net exporter of oriented strandboard (OSB); 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.
. 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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