Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (FOB) - 2024
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (CIF) - 2022
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (FOB) - 2024
The average export price for medium density fibreboard (MDF) of thickness under 5 mm stood at $841 per cubic meter in March 2024, which is down by -3.6% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 13% month-to-month. As a result, the export price attained the peak level of $916 per cubic meter. From November 2023 to March 2024, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for Mexico amounted to +0.2% per month.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (CIF) - 2022
The average import price for medium density fibreboard (MDF) of thickness under 5 mm stood at $1,132 per cubic meter in 2022, increasing by 31% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2018 an increase of 38%. As a result, import price reached the peak level of $1,271 per cubic meter. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($4,612 per cubic meter), while the price for the United States ($866 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada
For the fourth year in a row, Canada recorded growth in shipments abroad of medium density fibreboard (MDF) of thickness under 5 mm, which increased by 14% to 56K cubic meters in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm soared to $36M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.9 | 16.8 | 28.0 | 35.6 | 30.8% |
| Mexico | 0.6 | 1.0 | 0.5 | 0.2 | -30.7% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 16.6 | 17.8 | 28.7 | 36.0 | 29.4% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from Canada in 2022:
- United States (55.2K cubic meters)
- Mexico (0.5K cubic meters)
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada
In 2022, purchases abroad of medium density fibreboard (MDF) of thickness under 5 mm decreased by -2.8% to 12K cubic meters, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 17K cubic meters. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm soared to $14M in 2022. Over the period under review, imports continue to indicate a slight setback. Over the period under review, imports of attained the maximum at $14M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.3 | 9.2 | 6.8 | 9.1 | -7.0% |
| China | 0.5 | 0.8 | 1.2 | 1.2 | 33.9% |
| Spain | 0.7 | 0.6 | 0.6 | 1.1 | 16.3% |
| Thailand | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
| Slovenia | 0.1 | 0.3 | 0.6 | 0.4 | 58.7% |
| Others | 1.4 | 0.5 | 1.2 | 1.5 | 2.3% |
| Total | 14.4 | 11.6 | 10.8 | 13.8 | -1.4% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Canada in 2022:
- United States (10.5K cubic meters)
- China (0.5K cubic meters)
- Thailand (0.3K cubic meters)
- Slovenia (0.2K cubic meters)
- Spain (0.2K cubic meters)
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