Price for Wood; Shingles and Shakes in the United States - 2023
Contents:
- Price for Wood; Shingles and Shakes in the United States (CIF) - 2022
- Price for Wood; Shingles and Shakes in the United States (FOB) - 2022
- Imports of Wood; Shingles and Shakes in the United States
- Exports of Wood; Shingles and Shakes in the United States
Price for Wood; Shingles and Shakes in the United States (CIF) - 2022
The average wood; shingles and shakes import price stood at $2,463 per ton in 2022, increasing by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 35%. As a result, import price reached the peak level of $2,493 per ton; afterwards, it flattened through to 2022.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +2.4% per year.
Price for Wood; Shingles and Shakes in the United States (FOB) - 2022
In 2022, the average wood; shingles and shakes export price amounted to $10,056 per ton, growing by 41% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 74%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($13,001 per ton), while the average price for exports to Canada amounted to $9,916 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+16.6%).
Imports of Wood; Shingles and Shakes in the United States
In 2022, purchases abroad of wood; shingles and shakeses decreased by -2.4% to 127K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 130K tons, and then dropped modestly in the following year.
In value terms, wood; shingles and shakes imports soared to $312M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Wood; Shingles and Shakes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 155 | 170 | 237 | 308 | 25.7% |
| Others | 1.2 | 1.6 | 3.1 | 3.7 | 45.5% |
| Total | 156 | 171 | 240 | 312 | 26.0% |
Top Suppliers of Wood; Shingles and Shakes to the United States in 2022:
- Canada (123.5K tons)
Exports of Wood; Shingles and Shakes in the United States
For the fourth year in a row, the United States recorded growth in shipments abroad of wood; shingles and shakeses, which increased by 9.1% to 5.1K tons in 2022. The total export volume increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, wood; shingles and shakes exports surged to $51M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 82%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Wood; Shingles and Shakes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.9 | 14.2 | 28.4 | 46.0 | 56.9% |
| Bahamas | 1.4 | 2.7 | 3.1 | 3.0 | 28.9% |
| Others | 1.8 | 1.1 | 1.5 | 1.9 | 1.8% |
| Total | 15.0 | 18.1 | 33.0 | 50.8 | 50.2% |
Top Export Markets for Wood; Shingles and Shakes from the United States in 2022:
- Canada (4.6K tons)
- Bahamas (0.2K tons)
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