Plywood and Veneer Sheets
The international trade in plywood and veneer sheets is valued at around USD 21 billion p.a. When considering the total market, including domestic production and consumption, the market size is around three to four times greater.
Plywood and veneer sheets are utilised in the construction industry and in the manufacture of furniture products - therefore fluctuations in these markets can impact demand. The global plywood market is expected to grow by around 5-6% over the next decade, with particularly strong demand emerging from Asia and the Middle East.
The market for veneer sheets is projected to grow by approximately 3% in the same timeframe.
Plywood and Veneer - Import & Export
Plywood & Veneer - Top 20 Importing Countries (2019-23)
The USA is the largest importer of plywood and veneer sheets, accounting for an average of 17.4% of the import trade, while Japan follows as the second largest with 7.5%.
Plywood & Veneer - Top 20 Exporting Countries (2019-23)
China dominates the plywood export market, accounting for an average of 25.4% of the total plywood and veneer sheet trade. Indonesia follows in second place with 10%, while Russia and Vietnam contribute 6.6% and 5%, respectively.