Fueled by China's monumental 180 million cubic meter output, which alone captured 60% of global production, the plywood industry hammered out a staggering 298 million cubic meters worldwide in 2022, revealing a landscape of dramatic growth, shifting trade winds, and stark regional contrasts that we'll unpack in this blog post.
Key Takeaways
- In 2022, global plywood production reached 298 million cubic meters, marking a 4.5% increase from 2021.
- China produced 180 million cubic meters of plywood in 2022, accounting for 60% of global output.
- India's plywood production volume was 15.2 million cubic meters in FY2022, up 8% YoY.
- Global plywood market size was valued at $52.6 billion in 2022.
- Plywood industry contributed $120 billion to global GDP in 2022 through direct and indirect effects.
- North American plywood market revenue reached $15.4 billion in 2022.
- Global plywood exports totaled $28.4 billion in 2022.
- Vietnam exported 12.5 million cubic meters of plywood worth $5.2 billion in 2022.
- China plywood exports volume was 45 million cubic meters, valued at $9.1 billion in 2022.
- Global plywood consumption was 285 million cubic meters in 2022.
- China consumed 165 million cubic meters of plywood domestically in 2022.
- US plywood demand in construction was 25 million cubic meters in 2022.
- Global average plywood price was $420 per cubic meter in 2022.
- Softwood plywood price in US reached $950 per thousand sq ft in Q4 2022.
- Chinese hardwood plywood FOB price averaged $350/m3 in 2022.
The global plywood industry grew significantly in 2022, led by strong production in China and Asia.
Consumption and Demand Statistics
- Global plywood consumption was 285 million cubic meters in 2022.
- China consumed 165 million cubic meters of plywood domestically in 2022.
- US plywood demand in construction was 25 million cubic meters in 2022.
- India plywood consumption grew 12% to 18.5 million cubic meters in FY2022.
- Europe consumed 28 million cubic meters of plywood for furniture and construction in 2022.
- Japan's plywood demand was 5.2 million cubic meters, mostly imported, in 2022.
- Vietnam domestic plywood consumption rose to 4.1 million cubic meters in 2022.
- Brazil plywood use in housing reached 3.8 million cubic meters in 2022.
- Indonesia consumed 6.7 million cubic meters of plywood for local markets in 2022.
- Australia plywood demand was 2.3 million cubic meters driven by housing shortage in 2022.
- Canada's plywood consumption totaled 11.2 million cubic meters in 2022.
- Middle East plywood demand surged 18% to 4.5 million cubic meters in 2022.
- Germany's plywood consumption for construction was 4.2 million cubic meters in 2022.
- UK imported plywood consumption hit 3.1 million cubic meters in 2022.
- South Africa's plywood demand grew to 1.4 million cubic meters for mining sector in 2022.
- UAE construction boom led to 1.8 million cubic meters plywood consumption in 2022.
- Saudi Vision 2030 drove plywood demand to 2.6 million cubic meters in 2022.
Consumption and Demand Statistics Interpretation
The world is being built and furnished at a frantic pace, with China single-handedly consuming more plywood than the rest of the planet combined, proving that if you stacked it all up, the global construction boom would be hanging by a very sturdy thread.
Market and Economic Statistics
- Global plywood market size was valued at $52.6 billion in 2022.
- Plywood industry contributed $120 billion to global GDP in 2022 through direct and indirect effects.
- North American plywood market revenue reached $15.4 billion in 2022.
- Asia-Pacific dominated with 72% share of global plywood market value in 2022.
- US plywood market grew at 3.2% CAGR from 2018-2022 to $12 billion.
- Europe's plywood market was valued at €18.5 billion in 2022.
- India's plywood market size hit ₹85,000 crore (approx. $10.2 billion) in FY2022.
- China's domestic plywood market revenue exceeded ¥300 billion in 2022.
- Global plywood market projected to grow at 5.1% CAGR to 2030, reaching $85 billion.
- Vietnam plywood industry generated $4.5 billion in revenue from exports in 2022.
- Brazilian plywood market valued at BRL 12 billion in 2022.
- Indonesian plywood sector contributed IDR 150 trillion to economy in 2022.
- Malaysian plywood market size was MYR 25 billion in 2022.
- Canadian plywood market revenue stood at CAD 8.7 billion in 2022.
- Australian plywood market valued at AUD 2.1 billion in 2022.
- South Korean plywood imports drove market to KRW 4.5 trillion in 2022.
- Turkish plywood market grew to TRY 45 billion in 2022.
- UAE plywood market size reached AED 5.2 billion in 2022 due to construction boom.
- Saudi Arabia's plywood market was SAR 12 billion in 2022.
Market and Economic Statistics Interpretation
While the world argues about what holds it together, a $52.6 billion sheet of humble plywood quietly shoulders a $120 billion chunk of the global economy, proving the most reliable support structure isn't always philosophical.
Prices and Trends Statistics
- Global average plywood price was $420 per cubic meter in 2022.
- Softwood plywood price in US reached $950 per thousand sq ft in Q4 2022.
- Chinese hardwood plywood FOB price averaged $350/m3 in 2022.
- Indian commercial plywood price rose 15% to INR 65/sq ft in 2022.
- European birch plywood price hit €750/m3 in 2022 due to supply issues.
- Vietnam okoume plywood export price was $380/m3 average in 2022.
- Brazilian eucalyptus plywood CIF US price $410/m3 in 2022.
- Malaysian meranti plywood price declined 5% to $360/m3 in late 2022.
- Canadian spruce plywood price peaked at CAD 1,200/thousand sq ft in 2022.
- Indonesian rubberwood plywood price $290/m3 FOB in 2022.
- Russian larch plywood export price fell to $450/m3 in 2022.
- Turkish poplar plywood price averaged €320/m3 in 2022.
- Australian hardwood plywood wholesale price AUD 45/sq m in 2022.
- Japanese lauan plywood retail price ¥85,000/m3 in 2022.
- South African pine plywood price ZAR 8,500/m3 in 2022.
Prices and Trends Statistics Interpretation
The global plywood market is a chaotic yet predictable orchestra where the price of your local sheet is a complex concerto of species, scarcity, geography, and geopolitics, conducted by the invisible baton of supply chain hiccups.
Production Statistics
- In 2022, global plywood production reached 298 million cubic meters, marking a 4.5% increase from 2021.
- China produced 180 million cubic meters of plywood in 2022, accounting for 60% of global output.
- India's plywood production volume was 15.2 million cubic meters in FY2022, up 8% YoY.
- The United States manufactured 12.4 million cubic meters of softwood plywood in 2022.
- Vietnam's plywood exports drove production to 14.8 million cubic meters in 2022.
- Indonesia produced 8.5 million cubic meters of plywood, primarily from rubberwood, in 2022.
- Brazil's plywood output stood at 4.2 million cubic meters in 2022, focusing on eucalyptus.
- Europe's plywood production totaled 22 million cubic meters in 2022, led by Finland and Russia.
- Malaysia's plywood production was 7.1 million cubic meters in 2022, down 2% due to log shortages.
- Canada's softwood plywood production reached 10.3 million cubic meters in 2022.
- Thailand produced 3.9 million cubic meters of plywood in 2022, mainly for export markets.
- Russia's plywood output was 5.6 million cubic meters in 2022 before export restrictions.
- Australia's domestic plywood production was 1.2 million cubic meters in 2022.
- South Africa's plywood production volume hit 0.8 million cubic meters in 2022.
- Japan's plywood production declined to 4.1 million cubic meters in 2022 due to raw material costs.
- Turkey produced 2.3 million cubic meters of hardwood plywood in 2022.
- Egypt's plywood output grew to 1.1 million cubic meters in 2022 from imported logs.
- The Philippines manufactured 2.7 million cubic meters of plywood in 2022.
- Ukraine's plywood production dropped 35% to 1.5 million cubic meters in 2022 due to conflict.
- New Zealand's radiata pine plywood production was 0.9 million cubic meters in 2022.
Production Statistics Interpretation
The world nailed 298 million cubic meters of progress in 2022, but the story is a splintered one of China's dominance, ambitious rises from India and Vietnam, resourceful shifts in Indonesia and Brazil, painful declines in Ukraine and Japan, and a global patchwork of nations each sawing their own path through economic and environmental realities.
Trade and Export Statistics
- Global plywood exports totaled $28.4 billion in 2022.
- Vietnam exported 12.5 million cubic meters of plywood worth $5.2 billion in 2022.
- China plywood exports volume was 45 million cubic meters, valued at $9.1 billion in 2022.
- Indonesia exported 7.2 million cubic meters of plywood for $2.8 billion in 2022.
- Malaysia plywood exports reached 5.8 million cubic meters worth $2.1 billion in 2022.
- US plywood imports from Canada were 8.9 million cubic meters in 2022.
- EU imported 18.3 million cubic meters of plywood, mainly tropical, in 2022.
- India's plywood imports surged 25% to 1.2 million cubic meters in FY2022.
- Brazil exported 2.1 million cubic meters of plywood to US and Europe in 2022.
- Russia plywood exports dropped 40% to 3.2 million cubic meters in 2022 due to sanctions.
- Canada exported 9.5 million cubic meters of softwood plywood, 85% to US, in 2022.
- Thailand plywood exports totaled 3.4 million cubic meters worth $1.2 billion in 2022.
- Philippines exported 2.2 million cubic meters of plywood to Japan and US in 2022.
- Turkey plywood exports grew 15% to 1.8 million cubic meters in 2022.
- Ukraine plywood exports fell to 0.9 million cubic meters amid war in 2022.
- Global plywood trade volume increased 6% to 120 million cubic meters in 2022.
- Japan imported 3.8 million cubic meters of lauan plywood in 2022.
- South Korea plywood imports reached 2.9 million cubic meters from SE Asia in 2022.
- US plywood exports were minimal at 0.5 million cubic meters in 2022.
Trade and Export Statistics Interpretation
It seems the world is hastily constructing a global order, one plywood sheet at a time, with Vietnam skillfully framing the high-value market while sanctions and war sadly warp Russia's and Ukraine's contributions out of the picture.
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