Plywood and Veneer Sheets
The international trade in plywood and veneer sheets is worth around USD 21 billion p.a. on average. The total market (including domestic production/consumption, is around 3 to 4 times this scale).
These products are typically used in the construction industry or in the manufacture of furniture products, they are therefore dependant on fluctuations in those markets to sustain demand.
The plywood market is expected to grow by around 5-6% over the next decade, particularly with increasing demand in Asia and the Middle East. The market for Veneer sheets is expected to grow by around 3% over the next decade.
Plywood and Veneer - Import & Export
Plywood & Veneer - Top 20 Importing Countries (2019-23)
The USA is the largest importer of plywood and veneer sheet with an average of 17.4% of the import trade, Japan is the second largest with 7.5%. Plywood is typically used for domestic or industrial construction or the manufacture of furniture products - the strength of these markets impacts demand.
Plywood & Veneer - Top 20 Exporting Countries (2019-23)
China exports an average of 25.4% of the total plywood and veneer sheet export market, Indonesia is second with 10%, followed by Russia with 6.6% and Vietnam with 5%. Russian exports have declined due to sanctions whilst Vietnam has been increasing market share.