In 2023, China led global wood-based panels production with 182.18 million cubic meters, far surpassing the United States' 33.255 million. Notably, China saw a year-on-year increase of 1.79%, while the United States experienced a slight decrease of 0.58%. Countries like Vietnam (13.01%), Portugal (5.86%), and Cambodia (73.09%) showed significant growth. Meanwhile, Malaysia (-5.54%), Slovakia (-5.28%), and Switzerland (-8.78%) witnessed notable declines. Over the last five years, these variations have indicated a shifting landscape in global wood-based panel production.
Future trends to watch include the continued dominance of China and potential growth in emerging markets such as Cambodia and Vietnam, driven by their rapid percentage increases. Attention should also be given to countries like Malaysia and Switzerland, which may need strategic adjustments to counteract declining production rates. Emerging markets with significant growth rates in 2023 might sustain these trends, influenced by urbanization and construction activities.
Top countries in Wood-Based Panels Production by Country
| # | 10 Countries | Cubic Meters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 182,180,000 | 2023 | +1.94% | +1.79% | View data |
| 2 | 2 United States | 33,255,000 | 2023 | -0.096% | -0.58% | View data |
| 3 | 3 Russia | 16,262,000 | 2023 | +2.04% | +0.025% | View data |
| 4 | 4 Brazil | 13,410,000 | 2023 | +2.25% | +1.9% | View data |
| 5 | 5 India | 13,211,000 | 2023 | +5.05% | +2.43% | View data |
| 6 | 6 Poland | 12,628,000 | 2023 | +6.52% | +2.12% | View data |
| 7 | 7 Germany | 12,068,000 | 2023 | +0.84% | -0.51% | View data |
| 8 | 8 Canada | 11,897,000 | 2023 | +1.04% | -0.66% | View data |
| 9 | 9 Thailand | 8,434,600 | 2023 | +3.48% | +2.07% | View data |
| 10 | 10 Indonesia | 5,816,300 | 2023 | +2.94% | +1.05% | View data |
