Norway: Plywood Market 2024

Plywood Market Size in Norway

The Norwegian plywood market contracted remarkably to $X in 2023, falling by X% against the previous year. In general, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Plywood Production in Norway

In value terms, plywood production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production showed a deep setback. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Plywood Exports

Exports from Norway

In 2023, overseas shipments of plywood decreased by X% to X cubic meters for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2022, and then contracted rapidly in the following year.

In value terms, plywood exports declined to $X in 2023. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

The UK (X cubic meters) was the main destination for plywood exports from Norway, with a X% share of total exports. Moreover, plywood exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), threefold. The third position in this ranking was taken by Sweden (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

In value terms, the UK ($X), the Netherlands ($X) and Sweden ($X) were the largest markets for plywood exported from Norway worldwide, together accounting for X% of total exports. The United States, Poland, Denmark, Finland, Iceland and Estonia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average plywood export price amounted to $X per cubic meter, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports

Imports into Norway

In 2023, approx. X cubic meters of plywood were imported into Norway; dropping by X% against the previous year's figure. In general, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, plywood imports fell remarkably to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Finland (X cubic meters), Latvia (X cubic meters) and China (X cubic meters) were the main suppliers of plywood imports to Norway, with a combined X% share of total imports. Chile, Poland, Estonia, Spain and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plywood suppliers to Norway were Finland ($X), Latvia ($X) and Poland ($X), together accounting for X% of total imports. China, Estonia, Spain, Chile and Sweden lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plywood import price stood at $X per cubic meter in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform