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Wood Based Panels

Global demand for wood based panels is forecast to expand 2.2% p.a. between 2015 and 2019. Currently, plywood accounts for 43.1% of the global demand while the remaining market share is divided between fibreboard (24.1%), veneered panels (13.3%), particle board (7.9%), veneers and plywood sheets (7.3%), waferboard (4.0%) and densified wood (0.4%).

Bolivia, China, India, Japan and United States are considered the highest potential markets in the coming years. China, Germany, Japan, Turkey and the United States represent the largest wood based panel markets while the strongest annual growth is forecast to occur in Bolivia (7.4%), India (5.7%), Poland (4.5%), Bangladesh (4.3%) and Morocco (3.9%).

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