Particle board of wood market in Eastern Europe (including Northern Asia)

Earlier Report Observations

The particle board market in Eastern Europe stood at 15 514 thousand m³ in 2018, supported by steady demand from the furniture and construction industries, as well as state programs promoting resettlement into wooden apartment buildings that stimulated particle board usage. The following year, market volume dropped sharply to 12 162 thousand m³, a 22% decrease, before recovering to 14 390 thousand m³ in 2020.

Market size fluctuated over the next three years, reaching 14 772 thousand m³ in 2021 then declining to 13 004 thousand m³ in 2022. In 2023, the market rebounded to 13 755 thousand m³, driven by renewed demand from furniture manufacturers and the construction sector. However, the Central Bank's key rate hike imposed constraints on construction activity, likely tempering more rapid market expansion.

The industry saw significant developments in 2024, with the opening of the world's largest particle board production facility in Kaluga region, bolstering domestic capacity. Growing demand from CIS and Central Asian countries supported export opportunities, while major producers like Sveza announced plans to maximize capacity utilization and diversify product ranges for furniture, transport, and construction applications.

Production particle board of wood in Eastern Europe (including Northern Asia)

In kind, 2017-2020, K m³

Top producers of particle board of wood, 2017-2020

World map of production of particle board of wood, 2017-2020

Following a two-year decline, particle board production in Eastern Europe (including Northern Asia) rebounded in 2020. That year, the region produced 16 759 K m³ of particle board, marking a 1.4% increase from 2019. Looking at the broader period from 2017 to 2020, overall production decreased by 2.5%, with a compound annual growth rate of 0.8%. The lowest production level was recorded in 2019 at 16 528 K m³, which also saw the largest annual decline of 3.8%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, K m³

In value, 2017-2020, M $ US

In 2020, the value of particle board production in Eastern Europe (including Northern Asia) reached 3 565 M US dollars, representing a significant 27.3% increase compared to 2019. Over the 2017-2020 period, production value grew by 2.6%, with a compound annual growth rate of 0.9%. The lowest value was recorded in 2019 at 2 801 M US dollars, which experienced the largest annual decline of 21.3%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Exports particle board of wood from Eastern Europe (including Northern Asia)

Exports in kind, K m³

After two consecutive years of growth, particle board exports from Eastern Europe (including Northern Asia) declined in 2020. Export volume totaled 5 604 K m³ that year, down 22.8% from the previous year. Between 2017 and 2020, exports decreased by 9.3%, with a compound annual growth rate of 3.2%. The peak export volume occurred in 2019 at 7 262 K m³, which also saw the largest annual increase of 9.9%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, K m³

From 2017 to 2020, particle board exports from Eastern Europe (including Northern Asia) showed a diversified distribution across partner countries. Germany accounted for 9.6% of export volume, Kazakhstan for 8.2%, and Uzbekistan for 7.3%. Together, these three countries represented just 25.1% of total export flows, indicating a broad spread across multiple destinations.

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

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, M $ US

For the second year in a row, the value of particle board exports from Eastern Europe (including Northern Asia) declined in 2020. Export value reached 1 192 M US dollars, down 3.1% from the previous year. Over the 2017-2020 period, export value decreased by 4.5%, with a compound annual growth rate of 1.5%. The highest export value was recorded in 2018 at 1 369 M US dollars, which saw the largest annual increase of 9.6%. The largest annual decline occurred in 2019 at 10.1%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Between 2017 and 2020, Germany (10.0% of export value), Kazakhstan (6.5%), and Italy (5.5%) emerged as the largest buyers of particle board from Eastern Europe (including Northern Asia). However, these three countries together accounted for only 22.0% of total export value, reflecting a market structure where numerous smaller partners play significant roles.

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

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports particle board of wood to Eastern Europe (including Northern Asia)

Imports in kind, K m³

In 2020, particle board imports into Eastern Europe (including Northern Asia) reached 3 235 K m³, representing an 11.7% increase from 2019. Over the 2017-2020 period, import volume grew by 6.5%, with an annualized growth rate of 2.1%. The lowest import volume was recorded in 2019 at 2 896 K m³, which saw the largest annual decline of 41.4%. The peak import volume occurred in 2018 at 4 941 K m³, which experienced the largest annual increase of 62.6%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, K m³

From 2017 to 2020, particle board imports into Eastern Europe (including Northern Asia) showed a scattered distribution across source countries. Austria accounted for 15.5% of import volume, Germany for 9.1%, and Italy for 1.3%. Together, these three countries represented just 26.0% of total import flows, with no single partner dominating the market.

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

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, M $ US

For the second consecutive year, the value of particle board imports into Eastern Europe (including Northern Asia) declined in 2020. Import value amounted to 828 M US dollars, down 2.6% from 2019. Between 2017 and 2020, import value increased by 2.7%, with an annualized growth rate of 0.9%. The highest import value was recorded in 2018 at 954 M US dollars, which saw the largest annual increase of 18.3%. The largest annual decline occurred in 2019 at 10.9%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Between 2017 and 2020, the country composition of particle board imports into Eastern Europe (including Northern Asia) remained dispersed. Austria accounted for 21.6% of import value, Germany for 12.2%, and Italy for 2.2%. Together, these three countries formed just 36.0% of total import flows, with the remaining 64.0% distributed across a wide range of other sources.

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

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020