Ireland: Mdf Market 2024

Mdf Market Size in Ireland

The Irish MDF market declined markedly to $X in 2021, which is down by -19% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -39.6% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Mdf Production in Ireland

In value terms, MDF production surged to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +42.5% against 2014 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Mdf Exports

Exports from Ireland

In 2021, the amount of MDF exported from Ireland soared to X cubic meters, jumping by 21% against 2020. The total export volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, MDF exports surged to $X in 2021. Overall, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X cubic meters) was the main destination for MDF exports from Ireland, accounting for a 74% share of total exports. Moreover, MDF exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), eightfold. The third position in this ranking was taken by France (X cubic meters), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.2% per year) and France (-0.1% per year).

In value terms, the UK ($X) remains the key foreign market for MDF exports from Ireland, comprising 69% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.2% per year) and France (+2.2% per year).

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, growing by 31% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, MDF export price increased by +65.9% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into Ireland

In 2021, the amount of MDF imported into Ireland soared to X cubic meters, rising by 29% against the previous year. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, MDF imports soared to $X in 2021. In general, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X cubic meters) constituted the largest supplier of MDF to Ireland, accounting for a 35% share of total imports. Moreover, MDF imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X cubic meters), twofold. Germany (X cubic meters) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.9% per year) and Germany (+19.9% per year).

In value terms, Spain ($X), the UK ($X) and Germany ($X) constituted the largest MDF suppliers to Ireland, together comprising 71% of total imports. These countries were followed by Portugal, Belgium, China, Russia, Austria and Switzerland, which together accounted for a further 26%.

Russia, with a CAGR of +82.5%, recorded the highest growth rate of the value of imports, in terms of 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, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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