United Kingdom: Mdf Market 2024

Mdf Market Size in the UK

In 2021, the UK MDF market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +5.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mdf Production in the UK

In value terms, MDF production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Mdf Exports

Exports from the UK

In 2021, the amount of MDF exported from the UK skyrocketed to X cubic meters, increasing by 29% on 2020. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, MDF exports surged to $X in 2021. In general, exports, however, saw a abrupt descent. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X cubic meters), Belgium (X cubic meters) and Sweden (X cubic meters) were the main destinations of MDF exports from the UK, together comprising 78% of total exports. The United States, Norway, the Netherlands, Germany, Denmark, Spain, Saudi Arabia and Israel lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +65.7%), while the other leaders experienced a decline.

In value terms, Ireland ($X) remains the key foreign market for MDF exports from the UK, comprising 51% of total exports. The second position in the ranking was held by Belgium ($X), with an 18% share of total exports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.6% per year) and the United States (+68.6% per year).

Export Prices by Country

The average MDF export price stood at $X per cubic meter in 2021, growing by 19% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, MDF export price increased by +94.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per cubic meter), while the average price for exports to Sweden ($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 Israel (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into the UK

In 2021, the amount of MDF imported into the UK soared to X cubic meters, jumping by 18% against 2020 figures. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, MDF imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ireland (X cubic meters) constituted the largest MDF supplier to the UK, with a 35% share of total imports. Moreover, MDF imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), twofold. The third position in this ranking was taken by Belgium (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and Belgium (+10.4% per year).

In value terms, the largest MDF suppliers to the UK were Ireland ($X), Germany ($X) and Belgium ($X), together accounting for 66% of total imports. Spain, China, Poland, Turkey, Latvia, Portugal and Russia lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Turkey, with a CAGR of +63.7%, recorded the highest growth rate of the value of imports, 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, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Russia ($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 Russia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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