Canada: Mdf Market 2024

Mdf Market Size in Canada

The Canadian MDF market surged to $X in 2021, jumping by 45% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mdf Production in Canada

In value terms, MDF production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.2% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Mdf Exports

Exports from Canada

In 2021, approx. X cubic meters of MDF were exported from Canada; rising by 1.5% against the previous year. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.5% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 25%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, MDF exports surged to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +53.3% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X cubic meters) was the main destination for MDF exports from Canada, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +6.4%.

In value terms, the United States ($X) also remains the key foreign market for MDF exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.8%.

Export Prices by Country

The average MDF export price stood at $X per cubic meter in 2021, rising by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.1% per year.

Mdf Imports

Imports into Canada

In 2021, after three years of decline, there was significant growth in supplies from abroad of MDF, when their volume increased by 16% to X cubic meters. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 17% against the previous year. As a result, imports attained the peak of X cubic meters. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, MDF imports surged to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X cubic meters), China (X cubic meters) and the United States (X cubic meters) were the main suppliers of MDF imports to Canada, together accounting for 59% of total imports. These countries were followed by Turkey, Austria, Chile, Belgium and Argentina, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +104.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest MDF suppliers to Canada, with a combined 56% share of total imports. These countries were followed by Turkey, Austria, Chile, Argentina and Belgium, which together accounted for a further 34%.

Turkey, with a CAGR of +87.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average MDF import price stood at $X per cubic meter in 2021, increasing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 27%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Chile ($X per cubic meter) and Argentina ($X per cubic meter), while the price for Austria ($X per cubic meter) and Germany ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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