Updated Feb 26, 2023 21:16

Oriented Strandboard (OSB) Market in Ukraine

Market Overview
In , the Ukrainian oriented strandboard (OSB) market decreased by -% to $, falling for the fourth year in a row after three years of growth. In general, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market failed to regain momentum.

In value terms, oriented strandboard (OSB) production declined modestly to $ in estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Oriented strandboard (OSB) production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.


Consumption
In , consumption of oriented strandboard (OSB) decreased by -% to cubic meters, falling for the fifth year in a row after two years of growth. Over the period under review, consumption, however, posted resilient growth. Oriented strandboard (OSB) consumption peaked at cubic meters in 2017; however, from 2018 to , consumption remained at a lower figure.

The revenue of the oriented strandboard (OSB) market in Ukraine declined rapidly to $ in , reducing 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, however, showed a prominent expansion. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Driven by increasing demand for oriented strandboard (OSB) in Ukraine, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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 .


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 %).


Trade Balance
Ukraine remains a net exporter of oriented strandboard (OSB); in physical and value terms, exports consistently exceeded imports from 2011 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.