European Wood-Based Panel Production Declined 6.3% in 2023

On Wednesday, The European Panel Federation (EPF) said European wood-based panel production declined by a “disappointing” 6.3% in 2023, Timber Trades Journal reported (6-26-24). The figures are contained in the EPF’s Annual Report 2023, released at the Federation’s AGM on June 19–21 in Riga, Latvia.

One upside of the report is that wood-based panels exceeded the overall performances of the two main end-use sectors (furniture and construction), suggesting a gain of share in both segments for wood.

The 2023 breakdown by product is as follows:

  • OSB was the sole panel product area that saw production growth in the EU27/UK/EFTA region, rising 2% to 6.6 million m3 (2022: 6.5 million m3).
  • Particleboard, the largest product area, recorded a 5% decrease with 30.9 million m3 in production (2022: 32.5 million m3).
  • MDF saw a bigger drop, decreasing 11% to 11.1 million m3 (2022: 12.5 million m3).
  • Softboard (mainly wood fiber insulation boards) has been an area of significant growth in recent years, but it declined 6% to 4.8 million m3 (2022: 5.2million m3).
  • Plywood production saw a large 15% decline to 2.6 million m3 (2022: 3.1 million m3).
  • Hardboard saw a 17% reduction, though this is the smallest product area for the European wood-based panels industry at 400,000 m3 (2022: 500,000 m3).

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.