United Kingdom - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in the UK - 2023
Contents:
- MDF Price in the UK (CIF) - 2023
- MDF Price in the UK (FOB) - 2022
- MDF Imports in the UK
- MDF Exports in the UK
MDF Price in the UK (CIF) - 2023
In June 2023, the average MDF import price amounted to $682 per cubic meter, therefore, remained relatively stable against the previous month. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in March 2023 an increase of 5.4% m-o-m. Over the period under review, average import prices hit record highs at $820 per cubic meter in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($848 per cubic meter), while the price for Brazil ($366 per cubic meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (-0.2%), while the prices for the other major suppliers experienced a decline.
MDF Price in the UK (FOB) - 2022
The average MDF export price stood at $814 per cubic meter in 2022, rising by 5.4% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($6,471 per cubic meter), while the average price for exports to Norway ($455 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in the UK
In 2022, mdf imports into the UK rose modestly to 656K cubic meters, growing by 2.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, MDF imports rose sharply to $491M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of MDF in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 100 | 79.3 | 145 | 196 | 25.1% |
| Germany | 62.5 | 60.4 | 75.4 | 88.0 | 12.1% |
| Spain | 30.5 | 25.3 | 41.4 | 61.9 | 26.6% |
| Belgium | 58.5 | 52.2 | 70.4 | 43.3 | -9.5% |
| China | 7.6 | 12.1 | 18.0 | 25.2 | 49.1% |
| Portugal | 6.2 | 5.5 | 9.6 | 14.2 | 31.8% |
| Poland | 10.1 | 8.2 | 12.5 | 13.9 | 11.2% |
| Russia | 6.9 | 11.0 | 9.0 | 4.1 | -15.9% |
| Latvia | 29.2 | 29.2 | 11.7 | 2.8 | -54.2% |
| Others | 21.8 | 22.7 | 49.6 | 40.8 | 23.2% |
| Total | 334 | 306 | 442 | 491 | 13.7% |
Top Suppliers of MDF to the UK in 2022:
- Ireland (282.6K cubic meters)
- Germany (120.9K cubic meters)
- Spain (77.8K cubic meters)
- Belgium (44.6K cubic meters)
- China (36.6K cubic meters)
- Poland (20.3K cubic meters)
- Portugal (19.7K cubic meters)
- Russia (9.1K cubic meters)
- Latvia (6.1K cubic meters)
MDF Exports in the UK
MDF exports from the UK reduced to 37K cubic meters in 2022, which is down by -10.2% against 2021. Over the period under review, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of 41K cubic meters, and then reduced in the following year.
In value terms, MDF exports fell to $30M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $32M, and then reduced in the following year.
| Export of MDF in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 13.2 | 11.4 | 16.3 | 8.1 | -15.0% |
| Belgium | 3.4 | 3.6 | 5.7 | 7.6 | 30.8% |
| United States | 0.4 | 2.5 | 2.3 | 3.3 | 102.1% |
| Germany | N/A | N/A | 0.8 | 2.1 | 162.5% |
| Netherlands | 1.4 | 0.8 | 1.6 | 1.6 | 4.6% |
| Norway | 0.1 | N/A | 0.8 | 1.3 | 135.1% |
| France | 1.1 | 0.9 | 0.8 | 1.0 | -3.1% |
| Luxembourg | 0.1 | 0.6 | N/A | 0.3 | 44.2% |
| Others | 1.1 | 0.8 | 3.4 | 4.8 | 63.4% |
| Total | 20.8 | 20.7 | 31.8 | 30.1 | 13.1% |
Top Export Markets for MDF from the UK in 2022:
- Belgium (11.3K cubic meters)
- Ireland (9.2K cubic meters)
- Norway (2.9K cubic meters)
- United States (2.6K cubic meters)
- Germany (2.1K cubic meters)
- Netherlands (1.9K cubic meters)
- France (1.3K cubic meters)
- Luxembourg (0.9K cubic meters)
This report provides an in-depth analysis of the mdf market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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
-
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
-
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
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