Plywood Market in Germany
Market Overview
In 
, the German plywood market increased by % to $, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Plywood consumption peaked in and is expected to retain growth in the near future.
In value terms, plywood production dropped slightly to $ in estimated in export price. In general, production showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
, the German plywood market increased by % to $, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Plywood consumption peaked in and is expected to retain growth in the near future.In value terms, plywood production dropped slightly to $
in estimated in export price. In general, production showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , the amount of plywood consumed in Germany declined sharply to cubic meters, reducing by -% on . Overall, consumption recorded a slight decline. Plywood consumption peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The value of the plywood market in Germany rose slightly to $ in , increasing 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, however, showed a relatively flat trend pattern. Plywood consumption peaked in and is likely to see steady growth in the near future.
, the amount of plywood consumed in Germany declined sharply to cubic meters, reducing by -% on . Overall, consumption recorded a slight decline. Plywood consumption peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The value of the plywood market in Germany rose slightly to $
in , increasing 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, however, showed a relatively flat trend pattern. Plywood consumption peaked in and is likely to see steady growth in the near future.Market Forecast
Driven by rising demand for plywood in Germany, 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
Plywood market in Germany consists almost entirely of imported products. The growth in the share of Germany imports of in the plywood market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
Germany remains a net importer of plywood; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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