Plywood Sheathing Price Trend and Forecast

Plywood Sheathing Regional Price Overview

Get the latest insights on price movement and trend analysis of Plywood Sheathing in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Plywood Sheathing Price Trend for the Q1 of 2024

In the US, the plywood sheathing market noted a southward trend during the first quarter of 2024. The decline in the pricing of the commodity was influenced by several factors, such as the low sales number of oriented strand boards and related commodities. These values were also linked with broader economic drivers of the market, such as elevated interest rates, which dampened the housing demand and negatively affected the consumption of wood products.
 

Plywood Sheathing Price Chart

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The slowdown of construction activities also contributed to this downward journey of plywood sheathing prices. Additionally, the market faced the potential risk of increased offshore imports, especially from Brazil, raising the competitiveness of the market and pressuring the US Plywood sector to limit its price quotations. Overall, the dampened momentum of the market was the reflection of poor construction and housing sectors, along with ample stock availability in the market.

Analyst Insight

According to Procurement Resource, the price of Plywood Sheathing is expected to function under the influence of the struggling construction sector and the cautious approach of the consumer amid rising inflation and interest rates.

Procurement Resource provides latest prices of Plywood Sheathing. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.