Particle board of wood market in Norway

Earlier Report Observations

The Norwegian particle board market experienced a pronounced contraction from 2018 to 2023, with its total volume falling from over 340 thousand m³ to approximately 125 thousand m³. This decline was most acute in 2019, when the market size more than halved within a single year. Following this sharp drop, the market volume stabilized at a lower level between 2020 and 2021, before a modest recovery in 2022. However, this uptick was short-lived, as 2023 saw a further significant reduction in market volume.

Domestic production fluctuated throughout the period, reaching a high of nearly 318 thousand m³ in 2021 before declining in subsequent years. The overall market trajectory was shaped by these production changes alongside substantial shifts in international trade flows, which collectively defined the supply available for domestic consumption in Norway.

Production particle board of wood in Norway

In kind, 2018-2021, M m³

Top producers of particle board of wood, 2018-2021

World map of production of particle board of wood, 2018-2021

Particle board production in Norway has increased for the second consecutive year. In 2021, Norway produced 0.3 million cubic meters of particle board, marking a 9.3% increase compared to the previous year. Production reached its lowest point in 2019 at 0.3 million cubic meters, with the largest decline that year at 5.8%. Between 2018 and 2021, overall production grew by 8.1%, which translates to an annualized growth rate of 2.6%.

Annual dynamics of production in Norway in kind, 2018-2021, M m³

Exports particle board of wood from Norway

Exports in kind, K m³

Particle board exports from Norway have risen for the second year in a row. In 2021, exports totaled 210.5 thousand cubic meters, representing an 11.5% increase over the previous year. The lowest export volume was recorded in 2019 at 151.5 thousand cubic meters, with the largest decline that year at 3.9%. Between 2018 and 2021, exports expanded by 33.5%, corresponding to an annualized growth rate of 10.1%. The largest increase occurred in 2020, reaching 24.6%.

Annual dynamics of product's exports from Norway in kind, 2018-2021, K m³

From 2018 to 2021, Sweden and Denmark together accounted for 80.2% of Norway's total particle board exports by volume, while other countries formed a more diverse but smaller share.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Norway in kind, 2018-2021

Exports in value, K $ US

Foreign particle board supplies from Norway have increased for the second consecutive year. In 2021, exports reached 58 910 thousand US dollars, showing a 24.3% uptick compared to 2020. The minimum value was recorded in 2019 at 40 618 thousand US dollars, with the largest decline that year at 10.9%. Between 2018 and 2021, exports grew by 29.3%, equating to an annualized rate of 8.9%.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

Between 2018 and 2021, Sweden, the Netherlands, and Denmark were the main buyers of particle board from Norway in value terms. Sweden accounted for 57.1% of exports, the Netherlands for 17.6%, and Denmark for 13.5%, together comprising 88.3% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Norway in value, 2018-2021

Imports particle board of wood to Norway

Imports in kind, K m³

The data shows irregular changes, indicating a volatile market environment. Particle board imports into Norway peaked in 2018 and fell to their lowest point in 2021, with a 4.5-fold difference between these years. In 2021, imports amounted to 46.5 thousand cubic meters, reflecting a significant decline of 16.6% relative to the prior year. The largest decline was recorded in 2019 at 74.1%, while the largest increase occurred in 2020 at 3.8%.

Annual dynamics of product's imports to Norway in kind, 2018-2021, K m³

From 2018 to 2021, Germany, Sweden, and Denmark were the top suppliers of particle board to Norway by volume. Germany accounted for 35.9% of imports, Sweden for 17.9%, and Denmark for 11.2%, jointly representing 65.0% of total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Norway in kind, 2018-2021

Imports in value, K $ US

After a two-year decline, particle board imports into Norway increased in 2021. Norway imported 20 989 thousand US dollars of particle board that year, up by 9.6% compared to the previous year. The minimum value was recorded in 2020 at 19 151 thousand US dollars, with the largest decline in 2019 at 8.5%. Over the period from 2018 to 2021, imports decreased by 2.8%, with a compound annual growth rate of -1.0%.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Between 2018 and 2021, Germany, Sweden, and France consistently led the country structure of particle board imports into Norway in value terms. Germany accounted for 35.9% of imports, Sweden for 14.7%, and France for 11.8%, together making up 62.3% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Norway in value, 2018-2021