Plywood price March 2024 and outlook (see chart below)

  • Global:US$0.73/KG, -1.4% down
  • North America:US$1.12/KG, unchanged
The chart below summarizes Plywood price trend per region, as well as the outlook. It takes a moment to load.

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.

Plywood price index

 

This post is a summary of the Plywood price index developments since 2015 as per the World Bank. The developments are expressed as an index and not in absolute terms. Therefore the Plywood price index means that the values provided are relative to Jan 1 2019 which is defined as 1.00.

 

Further information on the Plywood price index

 

What is plywood

Plywood is a type of engineered wood product that is made by layering thin sheets of wood veneer and bonding them together with an adhesive. The wood veneers, or plies, are usually rotated 90 degrees with each successive layer, which gives plywood its characteristic strength and durability.

There are several grades of plywood, which are determined by the appearance and quality of the veneer, as well as the intended end use of the product. The most common grades of plywood are A, B, C, and D, with A-grade plywood having the highest quality veneer and D-grade plywood having the lowest quality veneer.

Plywood is typically made from softwood species, such as pine, spruce, and fir, although hardwood species, such as oak and mahogany, can also be used. It is available in a variety of sizes, thicknesses, and grades to suit different applications.

 

How is plywood produced

Plywood is produced through a process called cross-lamination, in which thin sheets of wood veneer, or plies, are glued together with an adhesive. The plies are usually rotated 90 degrees with each successive layer, which gives plywood its characteristic strength and durability.

The production of plywood involves the following steps:

Log preparation

The first step in the production of plywood is the preparation of logs, which are typically obtained from softwood species, such as pine, spruce, and fir. The logs are debarked and then cut into veneer sheets using a veneer peeling machine.

Veneer drying

The veneer sheets are then dried in a kiln to remove moisture and improve their stability.

Veneer grading

The veneer sheets are then graded according to their appearance and quality, with the highest quality veneers being used for A-grade plywood and the lowest quality veneers being used for D-grade plywood.

Glue spreading

The veneer sheets are then coated with an adhesive, typically a type of resin, using a glue spreader. The adhesive is applied to one side of each veneer sheet.

Pressing

The coated veneer sheets are then stacked in the desired order and placed in a press, where they are subjected to heat and pressure to bond the veneers together. The press time and temperature depend on the type of adhesive being used and the desired properties of the finished plywood.

Cutting and trimming

The pressed plywood is then cut to size and trimmed to remove any excess veneer or glue.

Finishing

The finished plywood is then sanded and may be coated with a sealant or finish to improve its appearance and durability.

Plywood is typically produced on a continuous production line, with the veneer sheets being fed into the press and the finished plywood being cut and trimmed as it emerges from the other end of the line. The production of plywood generates wood waste, which is typically recycled or used as fuel in the kilns.

 

What is plywood used for

Plywood is widely used in construction, furniture making, and other applications where strong and stable wood products are needed. It is also used in the production of decorative paneling, cabinets, and other interior finishes.

 

Further reading

 

Plywood market information

The global plywood market is significant, with plywood being widely used in a variety of applications, including construction, furniture making, and decorative paneling. The demand for plywood is influenced by a number of factors, including economic conditions, the housing market, and the demand for end-use products.

According to market research firm Mordor Intelligence, the global plywood market was valued at around $38.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% between 2021 and 2026. The Asia-Pacific region is the largest market for plywood, accounting for around 50% of global demand. The demand for plywood is driven by the construction and furniture industries, among others.

It is worth noting that the market for plywood can be subject to fluctuations due to changing economic conditions and shifts in demand for end-use products. In addition, the development of new technologies and the introduction of alternative wood products could also impact the size of the market.

According to https://oec.world/ : Plywood are the world’s 226th most traded product.

In 2020, the top exporters of Plywood were China ($4.12B), Indonesia ($1.77B), Russia ($1.33B), Vietnam ($785M), and Malaysia ($733M).

In 2020, the top importers of Plywood were United States ($2.75B), Japan ($1.25B), Germany ($932M), South Korea ($721M), and United Kingdom ($628M).

Data source: World Bank

This data has been provided by the World Bank. The only change is that it has been indexed for Jan 2019 (so Jan 2019 is set as the index 1.00). The data is provided subject to the terms and conditions as defined by the World Bank

Business Analytiq

BE THE FIRST TO SEE RISK AND OPPORTUNITY!

BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.

BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.

businessanalytiq

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our algorithms are set up to eliminate significant product mix impact on the reported price
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
  • For most indexes we have multiple sources and we focus on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

Where does the data NOT come from?

  • We do not purchase data from any other source and republish it.
  • We will not purchase data from any other source and republish it
  • We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators

 

What data should our company use?

  • If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
  • Our data, at best, represents an estimate of the market trend based on public information
  • We have no direct access to the market, and we do not interview suppliers and customers
  • Our automated analysis tools in the online software are set up to combine our data with other sources of data
  • We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data

 

What does the quality indication in the main menu mean?

  • Quality level A: Data is from a reliable and confirmed source
  • Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
  • Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
  • Quality level D: Data is from a single credible source, but we cannot verify the data
  • Quality level E: Data is either:
    • From a single source, which we consider reliable, but we cannot verify the data.
    • From 2 or more sources which have some periods of contradicting trends.
  • Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.

 

What are the disclaimers?

  • We assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain

 

How often do we update the data?

  • We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.

 

What are we doing to improve the data?

  • We are continually improving our data collection and processing methods
  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

How can i give feedback on the data or request for new indexes

  • Feel free to contact us if you have a specific request. You can reach us via the Contact us page