Overview of the Market for Hardwood Veneer and Plywood in the USA
In value terms, hardwood veneer and plywood production reduced modestly to $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Hardwood veneer and plywood production peaked at $ in 2018, and then dropped modestly in the following year.
The size of the hardwood veneer and plywood market in the U.S. dropped to $ in 2019, 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2016 to 2019, the growth of the market failed to regain the momentum.