Tropical veneer sheets market in Italy

Earlier Report Observations

From 2018 to 2020, the Italian market for tropical veneer sheets was influenced by class E1 compliance norms for wood panels, requiring conformity declarations from producers and importers, and a shift in consumer preferences towards high-quality wood surfaces and engineered veneer. The COVID-19 pandemic in 2020 caused significant supply chain disruptions and reduced demand from construction and furniture sectors, yet the market volume reached 228.5 thousand m³, valued at 96.3 million US dollars that year.

The post-pandemic recovery in 2021 saw supply chains normalize and demand rebound, leading to a surge in imports to 132.4 thousand m³. However, in 2022, rising raw material costs and international logistics difficulties pressured domestic production, which fell to 80.4 thousand m³, reducing the market volume to 180.2 thousand m³ while the market value slightly increased to 100.1 million US dollars due to higher prices.

In the subsequent period through 2024, imports continued to decline to 77.5 thousand m³ in 2024, while production partially recovered to 108.6 thousand m³. The market volume stabilized at 176.4 thousand m³ in 2024, with a corresponding market value of 86.2 million US dollars.

Production tropical veneer sheets in Italy

In value, 2017-2020, K $ US

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

In kind, 2017-2020, K m³

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

Exports tropical veneer sheets from Italy

Exports in kind, m³

The data shows irregular changes, pointing to a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.1-fold difference between these years. In 2020, Italy's export volume of tropical veneer sheets was recorded at 11 023 m³, marking a sharp decline of 44.5% compared to 2019. The maximum value was recorded in 2019 at 19 867 m³, with the largest increase that year reaching 73.0%.

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

From 2017 to 2020, the United States (12.4% of exports in kind), France (10.8% of exports in kind), and Hungary (7.3% of exports in kind) were the largest buyers of tropical veneer sheets from Italy, though they were not dominant. Together, they accounted for 30.5% of total exports in kind, with many smaller partners making up the rest.

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

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

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. Exports hit their lowest point in 2017 and peaked in 2019, with a 2.5-fold amplitude between these years. In 2020, the value of tropical veneer sheets exported from Italy reached 49 169 K $ US, indicating a steep year-over-year decline of 37.8%. The maximum value was recorded in 2019 at 78 994 K $ US, with the largest increase that year at 71.6%.

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

During 2017–2020, exports in value terms of tropical veneer sheets from Italy were spread across numerous markets. The United States (25.0% of exports in value terms), France (10.4% of exports in value terms), and Germany (6.1% of exports in value terms) together accounted for only 41.5% of total flows.

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

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

Imports tropical veneer sheets to Italy

Imports in kind, m³

In 2020, Italy's import volume of tropical veneer sheets stood at 81 722 m³, reflecting a slight decrease of 1.1% from the previous year. The minimum value was recorded in 2018 at 80 836 m³, while the maximum was in 2019 at 82 635 m³. The largest increase occurred in 2019, reaching 2.2%.

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

From 2017 to 2020, Cameroon (38.0% of imports in kind), Côte d'Ivoire (28.0% of imports in kind), and Gabon (13.9% of imports in kind) formed the main group of sources for Italy's imports of tropical veneer sheets in kind, with a combined share of 79.8% of total flows.

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

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

Imports in value, K $ US

Italy's import value of tropical veneer sheets increased for the third consecutive year. In 2020, imports were recorded at 55 909 K $ US, which is 1.4% higher compared to 2019. Between 2017 and 2020, imports grew by 10.3%, equating to an annualized rate of 3.3%.

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

Over 2017–2020, Cameroon (38.6% of imports in value terms), Côte d'Ivoire (22.3% of imports in value terms), and Gabon (12.2% of imports in value terms) stood out as the main markets for Italy's imports in value terms, together representing 73.2% of total flows.

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

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