World Veneer and Plywood Sheet Market to Grow 1.7% Annually from 2015 to 2019

Date: 2015-10-12

Global demand for veneers and plywood sheets is forecast to expand 1.7% p.a. between 2015 and 2019. China, India, Ireland, Italy and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global veneer and plywood sheet industry is forecast to reach 1.7% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 2.2%. Currently, coniferous (softwood) veneers and plywood sheets account for 15.0% of the global demand while the remaining market share is divided between light and dark red meranti and meranti bakau veneers (1.4%), veneers of other tropical woods (11.4%) and other veneers and plywood sheets (72.2%).

China, India, Italy, Japan and the United States represent the largest veneer and plywood sheet markets while the strongest annual growth is forecast to occur in Ireland (11.0%), India (7.8%), Macedonia (7.6%), Bangladesh (7.5%) and Oman (6.5%).

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