Particle board of wood market in Russia

Earlier Report Observations

In 2018, Russia's particle board market reached 6.2 million m³, supported by demand from the construction and furniture industries as well as state procurement programs. The market then contracted to 5.3 million m³ in 2019 and further to 4.9 million m³ in 2020, with the latter decline partly attributed to supply chain and production disruptions during the COVID-19 pandemic.

A recovery followed in 2021, lifting the market to 6.2 million m³. This rebound was driven by increased production and a proposed temporary export ban that boosted domestic availability. However, in 2022 the market fell again to 5.2 million m³ due to sanctions and a contraction in manufacturing output.

The market expanded once more in 2023, reaching 6.2 million m³. Growth was fueled by a revival in production, buoyant housing construction, low mortgage rates, and a reduction in export volumes.

Production particle board of wood in Russia

In kind, 2017-2020, K m³

Globally, Russia ranked as the second-largest producer of particle board from 2017 to 2020.

Top producers of particle board of wood, 2017-2020

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

Russia's particle board production declined for the second year in a row. In 2020, the country produced 6 777 thousand cubic meters of particle board, a decrease of 5.2% compared to 2019. The highest production level was recorded in 2018 at 7 330 thousand cubic meters, which also saw the largest annual increase of 6.3%.

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

In value, 2017-2020, M $ US

Russia's particle board production value also fell for the second consecutive year. In 2020, the output was valued at 811 million US dollars, down 22.8% from the previous year. Over the 2017-2020 period, production value decreased by 21.8%, with a compound annual growth rate of -7.9%. The peak value occurred in 2018 at 1 284 million US dollars, which also experienced the largest annual increase of 23.8%.

Annual dynamics of production in Russia in value, 2017-2020, M $ US

Exports particle board of wood from Russia

Exports in kind, K m³

Russia's particle board exports grew for the third straight year. In 2020, exports reached 2 160 thousand cubic meters, up 4.4% from 2019. From 2017 to 2020, exports increased by 30.6%, with a compound annual growth rate of 9.3%.

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

From 2017 to 2020, Kazakhstan, Uzbekistan, and Azerbaijan were the primary buyers of Russian particle board in volume terms. Kazakhstan accounted for 29.8% of exports, Uzbekistan for 26.8%, and Azerbaijan for 6.8%, together making up 63.5% of total exports.

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

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

Exports in value, M $ US

In value terms, Russia's particle board exports declined for the second year in a row. In 2020, exports totaled 258.5 million US dollars, a 15.0% drop year-over-year. Between 2017 and 2020, exports increased by 3.8%, with an annualized growth rate of 1.3%. The highest value was recorded in 2018 at 306.3 million US dollars, which also saw the largest annual increase of 23.1%.

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

From 2017 to 2020, Kazakhstan, Uzbekistan, and Azerbaijan were the main destinations for Russian particle board in value terms. Kazakhstan represented 27.6% of exports, Uzbekistan 22.7%, and Azerbaijan 7.9%, collectively accounting for 58.2% of total export value.

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

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

Imports particle board of wood to Russia

Imports in kind, K m³

Russia's particle board imports surged in 2020, reaching 258 thousand cubic meters, a 17.9% increase year-over-year. However, over the 2017-2020 period, imports decreased by 37.6%, with an annualized decline of 14.6%. The lowest import volume was in 2019 at 258 thousand cubic meters, which saw the largest annual drop of 59.8%. In contrast, the highest volume was in 2018 at 643 thousand cubic meters, with the largest annual increase of 31.7%.

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

From 2017 to 2020, Belarus was the dominant supplier of particle board to Russia, holding 88.5% of total imports in volume, while other partners had smaller shares.

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

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

Imports in value, M $ US

In 2020, Russia's particle board import value rose to 59.7 million US dollars, an 11.3% increase from the previous year. The lowest value was in 2019 at 53.6 million US dollars, which experienced a 13.6% decline. The peak value occurred in 2018 at 62.0 million US dollars.

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

From 2017 to 2020, Belarus, Germany, and France were the key sources for Russia's particle board imports in value terms. Belarus accounted for 62.2% of imports, Germany for 9.6%, and France for 7.5%, together representing 79.4% of total import value.

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

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