Canada - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada's MDF Price Continues to Rise, Now Sitting at $963 per Cubic Meter following Two Straight Months of Growth
Canada MDF Import Price in February 2023
In February 2023, the mdf price stood at $963 per cubic meter (CIF, Canada), picking up by 4.9% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs in February 2023.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Chile ($1,517 per cubic meter), while the price for Malaysia ($510 per cubic meter) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of MDF in Canada (USD per cubic meter) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Chile | 1,097 | 1,125 | 1,456 | 1,208 | 1,311 | 1,367 | 1,174 | 1,079 | 996 | 1,416 | 1,224 | 1,583 | 1,517 |
| Belgium | 882 | 856 | 892 | 851 | 856 | 874 | 917 | 949 | 938 | 880 | 828 | 908 | 1,182 |
| Argentina | 1,061 | 1,096 | 1,079 | 1,070 | 1,078 | 1,135 | 1,146 | 1,164 | 1,010 | 1,139 | 910 | 1,251 | 1,133 |
| Austria | 906 | 939 | 917 | 1,001 | 1,023 | 1,156 | 1,092 | 1,013 | 976 | 949 | 914 | 933 | 1,012 |
| Ecuador | 774 | 824 | 878 | 843 | 965 | 970 | 993 | 964 | 944 | 982 | 945 | N/A | 984 |
| Germany | 839 | 818 | 890 | 903 | 917 | 942 | 966 | 952 | 919 | 902 | 833 | 895 | 959 |
| United States | 849 | 816 | 867 | 773 | 864 | 906 | 857 | 814 | 877 | 918 | 894 | 950 | 941 |
| Turkey | 681 | 1,028 | 981 | 818 | 825 | 811 | 904 | 836 | 907 | 868 | 685 | 882 | 920 |
| Switzerland | 904 | 839 | 887 | 845 | 865 | 860 | 851 | 923 | 851 | 998 | 830 | 875 | 902 |
| Poland | 960 | 859 | 950 | 1,222 | 898 | 888 | 883 | 932 | 833 | 1,240 | 867 | 905 | 862 |
| China | 808 | 819 | 907 | 801 | 806 | 845 | 830 | 844 | 823 | 799 | 740 | 829 | 831 |
| Malaysia | 416 | 400 | 495 | 346 | 750 | 448 | 9,582 | N/A | 388 | 589 | 447 | 545 | 510 |
| Average | 849 | 880 | 930 | 871 | 910 | 928 | 947 | 930 | 895 | 920 | 821 | 918 | 963 |
Canada MDF Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In February 2023, the product with the highest price was medium density fibreboard (MDF) of thickness over 9 mm ($1,014 per cubic meter), while the price for medium density fibreboard (MDF) of thickness from 5 to 9 mm ($817 per cubic meter) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by medium density fibreboard (MDF) of thickness over 9 mm (+1.6%), while the prices for the other products experienced a decline.
Canada MDF Imports
For the fourth consecutive month, Canada recorded decline in purchases abroad of MDF, which decreased by -3.3% to 17K cubic meters in February 2023. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in May 2022 when imports increased by 52% m-o-m. As a result, imports reached the peak of 40K cubic meters. From June 2022 to February 2023, the growth of imports remained at a somewhat lower figure.
In value terms, MDF imports totaled $17M (IndexBox estimates) in February 2023. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in May 2022 with an increase of 42% m-o-m. Imports peaked at 35M cubic meters in June 2022; however, from July 2022 to February 2023, imports stood at a somewhat lower figure.
Canada MDF Imports by Type
In February 2023, medium density fibreboard (MDF) of thickness over 9 mm (12K cubic meters) constituted the largest type of MDF supplied to Canada, accounting for a 69% share of total imports. Moreover, medium density fibreboard (MDF) of thickness over 9 mm exceeded the figures recorded for the second-largest type, medium density fibreboard (MDF) of thickness from 5 to 9 mm (3.8K cubic meters), threefold.
From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of medium density fibreboard (MDF) of thickness over 9 mm stood at -4.4%. With regard to the other supplied products, the following average monthly rates of growth were recorded: medium density fibreboard (MDF) of thickness from 5 to 9 mm (-3.1% per month) and medium density fibreboard (MDF) of thickness under 5 mm (+5.0% per month).
In value terms, medium density fibreboard (MDF) of thickness over 9 mm ($12M) constituted the largest type of MDF supplied to Canada, comprising 72% of total imports. The second position in the ranking was taken by medium density fibreboard (MDF) of thickness from 5 to 9 mm ($3.1M), with a 19% share of total imports.
Canada MDF Imports by Country
China (4.9K cubic meters), the United States (3.3K cubic meters) and Turkey (3K cubic meters) were the main suppliers of MDF imports to Canada, with a combined 65% share of total imports. These countries were followed by Germany, Switzerland, Chile, Argentina, Ecuador, Poland, Austria, Malaysia and Belgium, which together accounted for a further 29%.
From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest MDF suppliers to Canada were China ($4.1M), the United States ($3.1M) and Turkey ($2.8M), with a combined 60% share of total imports. These countries were followed by Germany, Chile, Argentina, Switzerland, Ecuador, Austria, Poland, Belgium and Malaysia, which together accounted for a further 31%.
In terms of the main suppliers, Malaysia, with a CAGR of +24.7%, saw 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.
This report provides an in-depth analysis of the mdf market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
