Coniferous veneer sheets market in Spain

Earlier Report Observations

The market for coniferous veneer sheets in Spain stood at 116.1 thousand m³ in 2018 before declining to 65.5 thousand m³ by 2020. During this period, regulatory measures were implemented, including Royal Decree 1088/2015 which mandated due diligence systems to ensure timber legality, and phytosanitary rules that exempted veneer and plywood from wood packaging restrictions, potentially supporting export flows.

A rebound occurred in 2021, with market volume rising to 103.8 thousand m³. This increase was driven by heightened demand for plywood in furniture manufacturing and construction, as noted in industry sources for that year.

The market then contracted sharply to 44.7 thousand m³ in 2022 following the EU's ban on imports of Russian timber and the initiation of an anti-dumping investigation into Chinese plywood, which constrained supply. By 2024, the market saw a modest recovery to 48.6 thousand m³, supported by trends favoring plywood made from poplar and birch for its dimensional stability and by manufacturers' ongoing adaptation to sustainability regulations.

Production coniferous veneer sheets in Spain

In value, 2017-2020, K $ US

Spain's production of coniferous veneer sheets has declined for the third consecutive year. In 2020, output was valued at 33 440 thousand US dollars, representing a 13.3% year-over-year decrease. From 2017 to 2020, production fell by 23%, which translates to an annualized decline rate of 8.3%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K m³

Spain's production volume of coniferous veneer sheets has dropped for the third year in a row. In 2020, the country produced 97.9 thousand cubic meters, marking a sharp decline of 23.5% compared to the previous year. Between 2017 and 2020, production decreased by 37.3%, equating to an annualized rate of 14.4%.

Annual dynamics of production in Spain in kind, 2017-2020, K m³

Exports coniferous veneer sheets from Spain

Exports in kind, K m³

The market exhibited significant volatility during this period. Import levels fluctuated, with a 1.8-fold difference between the low of 64.7 thousand cubic meters in 2018 and the high of 117.8 thousand cubic meters in 2019. In 2020, Spain's cross-border shipments of coniferous veneer sheets reached 87.8 thousand cubic meters, showing a 25.5% year-over-year reduction. The largest decline occurred in 2018 at 25.6%, while the largest increase was recorded in 2019 at 82.1%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K m³

From 2017 to 2020, Italy, France, and Germany consistently led Spain's export structure in volume terms. Italy accounted for 37.4% of exports, France for 25.8%, and Germany for 22.3%. Together, these three countries represented 85.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Spain's exports of coniferous veneer sheets have increased for the second consecutive year. In 2020, exports totaled 13 908 thousand US dollars, a 19.6% rise compared to the previous year. Over the 2017-2020 period, exports grew by 2.4%, with a compound annual growth rate of 0.8%. The lowest value was recorded in 2018 at 11 439 thousand US dollars, which also saw the largest decline of 15.8%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Throughout 2017-2020, Germany, France, and Italy played dominant roles in Spain's export value structure for coniferous veneer sheets. Germany contributed 21.8% of exports in value terms, France 17.9%, and Italy 17.4%. Collectively, these three markets accounted for 57.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports coniferous veneer sheets to Spain

Imports in kind, K m³

After two years of growth, Spain's imports of foreign coniferous veneer sheets declined. In 2020, the country imported 65.2 thousand cubic meters, showing a significant 14.9% drop compared to 2019. Over the 2017-2020 period, imports increased by 6.5%, with a compound annual growth rate of 2.1%. The highest import volume was recorded in 2019 at 65.2 thousand cubic meters, which also saw the largest increase of 15.5%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K m³

From 2017 to 2020, Spain's imports of coniferous veneer sheets in volume terms were distributed across numerous markets. Finland led with 23.3% of imports, followed by Romania at 13.1% and Germany at 12.1%. Together, these three countries accounted for only 48.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Spain's imports of coniferous veneer sheets have declined for the second consecutive year. In 2020, imports amounted to 11 080 thousand US dollars, corresponding to a 0.9% decrease compared to 2019. Over the 2017-2020 period, imports fell by 11.6%, with a compound annual decline rate of 4.0%. The peak value was recorded in 2018 at 13 151 thousand US dollars, which saw the largest increase of 4.9%. The largest decline occurred in 2019 at 15.0%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

The structure of Spain's imports in value terms from 2017 to 2020 indicates a diversified set of trading partners. Romania accounted for 18.3% of imports, Portugal for 12.0%, and Chile for 9.5%. Together, these three countries represented only 39.9% of total import flows, with the remaining 60.1% spread across numerous smaller markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020