MDF Market Overview in the European Union
In value terms, mdf production amounted to $ in 2018 estimated in export prices. Over the period under review, mdf production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. Over the period under review, mdf production hit record highs at $ in 2007; however, from 2008 to 2018, production failed to regain its momentum.
Poland ( cubic meters) constituted the country with the largest volume of mdf production, comprising approx. % of total volume. Moreover, mdf production in Poland exceeded the figures recorded by the second-largest producer, Spain ( cubic meters), twofold. The third position in this ranking was occupied by Germany ( cubic meters), with a % share.
In Poland, mdf production increased at an average annual rate of +% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Spain (+% per year) and Germany (-% per year).
The revenue of the mdf market in the European Union amounted to $ in 2018, going up 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, mdf consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, the mdf market hit record highs at $ in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.
From 2007 to 2018, the average annual rate of growth in terms of volume in Poland totaled +%. The remaining consuming countries recorded the following average annual rates of consumption growth: Italy (+% per year) and the UK (-% per year).
In value terms, the largest mdf markets in the European Union were Poland ($), Italy ($) and the UK ($), together comprising % of the total market. These countries were followed by Spain, France, Germany, the Netherlands, Romania, Portugal, Austria, Sweden and Hungary, which together accounted for a further %.
Among the main consuming countries, Hungary experienced the highest rates of growth with regard to market size, over the period under review, while mdf market for the other leaders experienced more modest paces of growth.
In 2018, the highest levels of mdf per capita consumption was registered in Poland ( cubic meters per persons), followed by Portugal ( cubic meters per persons), Romania ( cubic meters per persons) and Hungary ( cubic meters per persons), while the world average per capita consumption of mdf was estimated at cubic meters per persons.
From 2007 to 2018, the average annual growth rate of the mdf per capita consumption in Poland stood at +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Portugal (+% per year) and Romania (+% per year).