Plywood Panels Market Size US

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01
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Part
01

US Market Size of Furniture Grade Plywood Panels - Russian Birch and Poplar

While there is no preexisting information to fully answer your question, we've used the available data to pull together key findings. While there was limited data on the size of the furniture grade plywood market, we were able to determine the overall US market size for plywood which included the hardwood veneer used in furniture, estimating this market to be worth 5,103 million in 2017. We also noted that Russian birch is the most common species of plywood used in global markets, and that North America currently drives the most plywood sales globally.

Below you'll find an outline of our research methodology to better understand why information you've requested is publicly unavailable, as well as a deep dive into our findings.

METHODOLOGY

An extensive search of industry reports and related media sources revealed that there are no market reports specific to the furniture grade plywood market in the US publicly available, with any reports on plywood segmented by use or species only available via paid access. However, this search did reveal data publicly available on the US plywood market size, as well as secondary data on the prevalence of species and use. Using these reports and articles, we’ve compiled you findings below.

US PLYWOOD MARKET SIZE

While reports on furniture grade plywood were not available, we did find sources from which we were able to estimate a current market size for plywood in the US.

To calculate this figure, we used a figure from the size of the market in 2015 as well as projected growth rates. Given the market size was 4,848 million USD in 2015, and the annual growth rate of 2.6%, we determined that the market size in 2017 was 5,103 million USD.

Calculation: (4,848m x 2.6%) + 4,848m= 4,974m market size in 2016
(4,974m x 2.6%) +4974= 5,103 million market size in 2017

HELPFUL FINDINGS

In addition to estimating the overall market size, we found key players in the US plywood market included Georgia-Pacific Gypsum,
Plum Creek Timber Company, Potlatch Corporation, Columbia Forest Products, Smith & Fong, Clarke Veneers, Roseburg, Freeman,
Swanson Group, Coastal Plywood, Austral Plywoods, National Plywood, Caledonian Plywood, Ainsworth Lumber Co. Ltd.,
Boise Cascade, Atlantic Plywood, and Eksons Corp.

We also found information stating that North America dominates the global market demand for plywood, with use segments including construction, package, furniture, and transport. While there was no publicly available data on exact segment sizes, it was noted construction was the largest use of plywood in the US.

Given your interest in species, specifically Russian birch and poplar, we also found data on Russian birch plywood production that may impact future trends. A source notes that birch plywood production in Russia has show consistent growth in recent years, with over half being exported to regions that include North America, Europe, and the Middle East. It was also noted that in order to preserve a competitive advantage globally, Russia may temporarily ban certain types of birch log exports that are often used to create plywood.

CONCLUSION

In summary, while there was not data publicly available for furniture grade plywood, we estimated the US market size for plywood as a whole is 5,103 million. We also found that Russian birch is the most common species of plywood used globally, and that North America currently drives the most plywood sales of any global region.

Part
02
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Part
02

US Market Size of Furniture Grade Plywood Panels by quality grades; construction/structural quality and better quality (B/BB or better)

The U.S. market for hardwood veneer and plywood is estimated at $5,103 million as of 2017. While the market size for furniture panels by grade is not freely available, several paywalled reports have been published, segmenting the market by wood type, application, and geography.

METHODOLOGY

An exhaustive search of industry reports and business publications was conducted in search of data on the U.S. market size of furniture grade plywood panels by grade. The information is not freely available at this level of granularity, though reports available for purchase offer more detailed information including pricing, geographical patterns, and market trends. We were able to calculate an approximate overall market size for hardwood veneer and plywood, and provide other information that may be helpful.

FINDINGS

The U.S. hardwood veneer and plywood market was valued at $4,848 million in 2015, with a CAGR of 2.6%. We determined the market size for 2017 (2 years later) as follows:

($4,848 million x (1 +.026)) x (1 +.026) = $5,103 million

The market reached a low point in 2009, but has since recovered and shown several subsequent years of growth. North America is consistently the dominant consumer of plywood products due to a high volume of construction.

Numerous competitors comprise the U.S. plywood market and include companies such as UPM, SVEZA, Georgia-Pacific, Samkotimber, Plum Creek Timber Company, and Potlatch Corporation to name a few. Detailed market reports provide segmented data based on product classification (e.g., softwood, hardwood, tropical, marine, etc.) and application (e.g., furniture, construction, etc.).

Russian birch logs have been in high demand resulting in higher prices and stressed capacity. As a result, legislation took effect on January 1, 2018, limiting the volume of small end diameter birch logs available for export outside the Eurasian Economic Union. The regulations will be in effect for six months.

CONCLUSION

To wrap up, the market size for furniture panels by grade is not freely available, though several paywalled reports have been published, segmenting the market by wood type, application, and geography. The U.S. market for hardwood veneer and plywood is estimated at $5,103 million as of 2017.
Sources
Sources