The Latest Wood Based Panel Industry Statistics Explained
Global wood-based panel market size was valued USD 144.67 billion in 2019.
The statistic “Global wood-based panel market size was valued at USD 144.67 billion in 2019” represents the total monetary worth of wood-based panels produced and sold worldwide in that year. This figure provides insight into the economic significance and scale of the global wood-based panel industry, which includes products such as plywood, particleboard, and medium-density fiberboard. The market size value signifies the total revenue generated from the sales of these panels across various regions and industries. Tracking changes in the market size over time can help assess trends, growth patterns, and the overall health of the wood-based panel industry on a global scale.
The wood-based panel market is expected to grow at a CAGR of 6% from 2020 to 2027.
This statistic indicates that the wood-based panel market is projected to experience a Compound Annual Growth Rate (CAGR) of 6% over the period from 2020 to 2027. This growth rate suggests a steady and positive trend in the market demand for wood-based panels during this timeframe. A CAGR of 6% means that the market size is expected to expand by 6% each year on average. Factors such as increasing construction activities, renovation projects, and sustainability initiatives may be contributing to this estimated growth rate in the wood-based panel market. Overall, this statistic signifies a promising outlook for the wood-based panel industry in the coming years.
In 2020, China produced approximately 341 million cubic meters of wood-based panels.
The statistic indicates that in the year 2020, China manufactured an estimated 341 million cubic meters of wood-based panels. This figure reflects the substantial scale of the wood panel industry in China, highlighting the country’s significant contribution to global production in this sector. Wood-based panels are essential materials extensively used in construction, furniture manufacturing, and various other industries, demonstrating China’s industrial capacity and economic activity in the woodworking sector. The statistic suggests that China is a major player in the global wood panel market and plays a crucial role in meeting both domestic and international demand for these products.
As of 2020, Europe produced approximately 81 million cubic meters of wood-based panels.
The statistic indicates that in the year 2020, Europe manufactured around 81 million cubic meters of wood-based panels. Wood-based panels are commonly used in the construction and furniture industries due to their strength, durability, and sustainability. This production volume reflects the significant role of the wood panel industry in Europe’s economy and the demand for these products both domestically and internationally. The statistic suggests a substantial contribution to the overall forestry and wood products sector in Europe, supporting jobs, economic growth, and environmental sustainability through the utilization of wood as a renewable resource.
North America produced approximately 89 million cubic meters of wood-based panels in 2020.
The statistic indicates that North America manufactured a total of around 89 million cubic meters of wood-based panels in the year 2020. This figure provides key insight into the region’s production capacity and contribution to the global wood-based panel industry. Wood-based panels are commonly used in construction, furniture manufacturing, and other industries, making them a significant product in the region’s economy. The statistic showcases the scale of production in North America and highlights its importance in meeting domestic and potentially international demand for wood-based panels.
Furniture industry accounts for more than 35% of the total wood-based panel consumption in 2018.
This statistic indicates that in 2018, the furniture industry consumed over 35% of all wood-based panels manufactured. This implies that a significant portion of the wood-based panels produced during the year was utilized in the production of furniture goods. The high consumption by the furniture industry suggests that wood-based panels are a crucial raw material in the furniture manufacturing process. The statistic highlights the substantial role that the furniture industry plays in the wood-based panel market and signifies the industry’s significant demand for these materials in order to meet production needs.
The United States constituted about 7% of global wood-based panel consumption in 2018.
The statistic indicates that the United States accounted for approximately 7% of the total global consumption of wood-based panels in the year 2018. This means that out of all the wood-based panels consumed worldwide in that year, 7% were used in the United States. This information provides insight into the significance of the United States as a consumer of wood-based panels in the global market, highlighting its relative share compared to other countries or regions. Understanding the proportion of consumption can be important for industries related to wood-based panels, such as construction, furniture manufacturing, and interior design, as it helps with market analysis, strategic planning, and decision-making processes.
In 2019, the total consumption of wood-based panels in the European Union amounted to approximately 61.1 million cubic meters.
The statistic states that in 2019, the European Union consumed a total of around 61.1 million cubic meters of wood-based panels. This figure represents the amount of wood-based panels utilized within the EU during that year for various applications, such as furniture manufacturing, construction, and packaging. Wood-based panels are manufactured by compressing wood fibers or particles together to form sheets, and they are commonly used in the building industry as a construction material due to their versatility, affordability, and sustainability. The consumption of such a substantial volume of wood-based panels reflects the high demand for these products within the EU market and underscores the significance of the wood-based panel industry in the region.
In 2019, the wood-based panel market in North America was valued at approximately $20.43 billion.
The statistic indicates that in 2019, the wood-based panel market in North America had a total estimated value of around $20.43 billion. This figure represents the combined worth of all the wood-based panel products, such as particleboard, plywood, and medium-density fiberboard, that were produced and sold in the North American region during that year. The value of the market reflects the demand for these products in various industries such as construction, furniture manufacturing, and packaging. This statistic provides insights into the economic significance and scale of the wood-based panel industry in North America in 2019, highlighting its contribution to the overall manufacturing sector and the regional economy.
In 2020, the consumption of wood-based panels in the construction sector amounted to around 40% of total consumption.
This statistic indicates that in the construction sector in 2020, wood-based panels accounted for approximately 40% of the total consumption of construction materials. Wood-based panels are commonly used in construction for applications such as flooring, roofing, walls, and structural components. The high percentage of consumption of wood-based panels in the construction sector suggests that they are a popular and important material choice for builders and contractors. This statistic may reflect the preference for wood-based panels due to their versatility, affordability, and eco-friendly properties, as well as their aesthetic appeal and ease of installation. Additionally, the significant usage of wood-based panels in construction underscores the importance of sustainable forestry practices to ensure a steady supply of this material for future construction projects.
The production of MDF in Europe increased from around 13 million cubic meters in 2010 to approximately 14 million cubic meters in 2018.
The statistic indicates that the production of medium-density fiberboard (MDF) in Europe experienced a growth trend from approximately 13 million cubic meters in 2010 to about 14 million cubic meters in 2018. This represents an increase of around 7.7% over the 8-year period. The rise in MDF production suggests a growing demand for this wood product in Europe, which could be driven by factors such as increased construction activity, furniture manufacturing, or other industries utilizing MDF. The statistic reflects a positive trend for the MDF industry in Europe, indicating potential opportunities for manufacturers and suppliers in the market.
Particleboard dominated the wood-based panel market with over 30% volume share in 2017.
The statistic “Particleboard dominated the wood-based panel market with over 30% volume share in 2017” indicates that particleboard, a type of engineered wood product made from wood chips and sawdust pressed together with a resin, held a significant position in the market compared to other wood-based panels like plywood or medium-density fibreboard. The fact that particleboard accounted for over 30% of the market volume suggests that it was a popular choice among consumers, likely due to its affordability, versatility, and ease of manufacturing. This statistic underscores the importance of particleboard within the wood-based panel industry in 2017, highlighting its widespread use and market dominance during that time.
The production of particle board in Europe fluctuated around 30 million cubic meters between 2010 and 2018.
This statistic indicates that the production of particle board in Europe remained relatively stable over the time period from 2010 to 2018, with production levels fluctuating around 30 million cubic meters. This suggests that the industry experienced some variability in production output but overall maintained a similar level of production. The consistency in production levels may be influenced by factors such as market demand, raw material availability, and economic conditions. Analyzing these fluctuations over the period can provide insights into the particle board industry’s performance and potential trends in the future.
In 2013, the United States produced around 10 million cubic meters of veneer sheets.
The statistic “In 2013, the United States produced around 10 million cubic meters of veneer sheets” indicates the total volume of veneer sheets generated within the U.S. during that year. Veneer sheets are thin slices of wood typically used in furniture-making, construction, and various other applications. This production volume of 10 million cubic meters suggests a significant level of activity within the industry, reflecting demand for wood products in the U.S. market. Analyzing the production of veneer sheets provides insights into the health and dynamics of the wood processing sector, as well as the broader economy given the widespread utilization of wood products in various sectors.
The OSB (Oriented Strand Board) segment is expected to exhibit the fastest CAGR of 7.4% from 2020 to 2027.
This statistic indicates that the Oriented Strand Board (OSB) segment is projected to experience the highest Compound Annual Growth Rate (CAGR) among all segments from the year 2020 to 2027 based on the provided rate of 7.4%. This suggests that the demand and production of OSB is anticipated to increase at a steady annual pace over the specified time period, reflecting a positive outlook for the OSB industry. Factors driving this growth could include its cost-effectiveness, durability, and versatility in construction and industrial applications, resulting in an expanding market share and revenue potential in the coming years.
In 2019, the German production of wood-based panels reached approximately 12.8 million cubic meters.
The statistic indicates that in 2019, the total production volume of wood-based panels in Germany was around 12.8 million cubic meters. This figure highlights the significance of the wood-based panel industry in Germany, showing the substantial amount of these products manufactured within the country during that year. Wood-based panels are commonly used in construction, furniture manufacturing, and various other industries, representing a key segment of the wood products market. The statistic provides insight into Germany’s manufacturing capacity and its role in the overall production and consumption of wood-based panels in the European region.
In 2019, Brazil exported approximately 7.7 million cubic meters of wood-based panels.
The statistic indicates that in the year 2019, Brazil’s wood-based panel industry exported around 7.7 million cubic meters of these products to international markets. This figure highlights the significant scale of Brazil’s wood-based panel exports, showcasing the country’s prominence in the global market for these products. The export of such a substantial volume of wood-based panels reflects the strength and competitiveness of Brazil’s forestry and manufacturing sectors. The statistic also suggests that Brazil is likely a key player in meeting the global demand for wood-based panels, serving as a major supplier to countries around the world seeking these materials for various construction and manufacturing purposes.
The plywood segment held over 25% volume share in the wood-based panel market in 2017.
The statistic indicates that in 2017, plywood accounted for more than a quarter of the total volume sales within the wood-based panel market. This suggests that plywood was a dominant product within the market, holding a significant position compared to other types of wood-based panels. The high volume share of plywood implies that it was a popular choice among consumers and industries for various applications such as construction, furniture making, and packaging. The statistic highlights the importance and widespread use of plywood in the wood-based panel market during the specified period.
Conclusion
Based on the comprehensive wood-based panel industry statistics presented in this blog post, it is evident that the sector is experiencing steady growth and significant market demand. The data highlights key trends, challenges, and opportunities for stakeholders in the industry to leverage and innovate upon. By staying informed and proactive in utilizing these statistics, businesses can make informed decisions and drive sustainable growth in the wood-based panel industry.
References
0. – https://www.www.globenewswire.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.polarismarketresearch.com
3. – https://www.www.statista.com
