MDF Market Overview in the European Union
In value terms, mdf production stood at $ in 2018 estimated in export prices. Overall, mdf production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, mdf production hit record highs at $ in 2007; however, from 2008 to 2018, production remained at a lower figure.
The country with the largest volume of mdf production was Poland ( cubic meters), accounting for % 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.
From 2007 to 2018, the average annual growth rate of volume in Poland stood at +%. In the other countries, the average annual rates were as follows: Spain (+% per year) and Germany (-% per year).
The revenue of the mdf market in the European Union amounted to $ in 2018, rising 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). In general, mdf consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by % y-o-y. The level of mdf consumption peaked at $ in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.
From 2007 to 2018, the average annual rate of growth in terms of volume in Poland amounted to +%. In the other countries, the average annual rates were as follows: 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 accounting for % 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 %.
In terms of the main consuming countries, Hungary recorded 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.
In Poland, mdf per capita consumption increased at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Portugal (+% per year) and Romania (+% per year).