The softwood veneer sales in the US showed fluctuating trends over the years, with a noteworthy decline from 2014 to 2016, reaching a low point in 2016. However, a gradual recovery trend began in 2017. As of 2023, the value stood at 1.1924 billion USD. The value observed a year-on-year growth of 1.21% in 2023. Over the last five years, the average annual growth rate (CAGR) was 1.29%. Future projections suggest a modest growth rate with a forecasted CAGR of 0.88% from 2024 to 2028, and an overall growth rate of 4.47% during this period.
Future trends to watch for:
- Advancements in sustainable forestry practices impacting supply.
- Increasing demand in the construction sector driven by economic growth.
- Potential trade policy changes affecting imports and exports.
- Technological innovations in veneer production enhancing efficiency.
