Veneer Sheet & Wood-Based Panel Manufacturing in the UK - Industry Market Research Report

Strong as Oak: a Timber Shortage Hikes Wood Panel Prices, Driving Revenue Growth

Before the pandemic, veneer panelling sales were on the rise owing to robust demand. Government incentives have helped maintain consistently high sales to residential building contractors, while increases in furniture manufacturing activity have supported sales of wood panels. A dip in timber prices in 2019-20 forced manufacturers to lower selling prices, causing a slump in sales. Revenue was curbed further following the COVID-19 outbreak, which disrupted construction and manufacturing activity following lockdown measures imposed in the UK. Many manufacturers temporarily closed their production facilities during the pandemic, contributing to revenue decline in 2020-21. Companies in this industry manufacture veneer sheets, wood panels and plywood products used for construction, joinery and furniture-making. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.