For the Quarter Ending听June 2026
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Plywood Prices in听North America
- Plywood Spot Price听firmed amid tight lumber supplies and rising ocean freight costs, which supported higher landed costs for imported panels.
- Plywood prices hovered around USD 12475/MT (CFR basis) during Q2 2026.
- Plywood Production Cost Trend听remained elevated as U.S. domestic production did not expand fast enough to offset reduced Canadian lumber imports following previous tariff increases, tightening the overall wood products supply.
- Plywood Demand Outlook听is mixed; residential construction activity moderated due to elevated mortgage rates, while commercial, infrastructure, and remodeling demand provided steady support.
- Major U.S. producers maintained balanced supply, while import availability from Canada, Latin America, and Asia contributed to relatively stable market conditions despite softer housing starts.
Why did the price of Plywood change in June 2026 in North America?
- Prices increased in June 2026 primarily due to tight framing lumber supply, which reached near multi-month highs and pulled structural panel and plywood quotes upward.
- Rising ocean freight costs entering an early peak season further raised landed costs for imported plywood.
- Continued tariff protection on Chinese plywood kept import competition bounded, maintaining upward pressure on the听Plywood Spot Price听and the overall听Plywood Price Index.
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Plywood Prices in APAC
- In Indonesia, the Plywood Price Index rose by听5.2%听quarter-over-quarter, supported by stronger export demand.
- The average Plywood price for the quarter was approximately听USD 11619.33/1000 Pcs, reflecting balanced export demand.
- Thin inventories at Tanjung Priok supported higher seller offers, lifting the Plywood Spot Price modestly.
- Moderate export bookings and steady mill rates support the Plywood Price Forecast for near-term stability.
- Rising resin and diesel expenses influenced the Plywood Production Cost Trend, pressuring mill margins slightly.
- Stronger buying from Japan and United States improves the Plywood Demand Outlook for upcoming construction.
- Export acceleration before regulatory changes strengthened the Plywood Price Index, prompting tighter seller negotiating positions.
- Balanced log availability and efficient ports may limit volatility, moderating near-term Plywood Price Forecast risks.
Why did the price of Plywood change in June 2026 in APAC?
- Stronger export orders from Japan and US tightened available export inventories, pushing FOB offers higher.
- Stable resin costs limited cost-driven increases despite resin feedstock price rises and elevated diesel energy.
- Uninterrupted port operations and normal mill rates avoided bottlenecks, enabling steady shipments to overseas buyers.
Vietnam
- In Vietnam, the Plywood Price Index rose by听2.934%听quarter-over-quarter, driven by resin, log costs.
- Plywood Spot Price firm as tight delivered log supply and stronger export bookings supported offers.
China
- In China, the Plywood Price Index rose by听0.77%听quarter-over-quarter, supported by firmer log costs.
- Plywood Spot Price firmed on reduced veneer availability after temporary environmental inspections at smaller mills.
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Plywood Prices in Europe
- In Germany, the Plywood Price Index rose by听1.31%听quarter-over-quarter, reflecting demand and Baltic supply.
- The average Plywood price for the quarter was approximately听USD 16203.33/1000 Pcs, per Hamburg import data.
- Plywood Spot Price softened in June as offers from Latvia and Finland pressured Price Index.
- Plywood Price Forecast suggests limited near-term upside as balanced imports and subdued construction demand persist.
- Plywood Production Cost Trend eased with lower electricity and delivered-log quotations reducing converter replacement costs.
- Plywood Demand Outlook remains muted as German construction financing costs constrain procurement and restocking endures.
- Elevated Hamburg inventories pressured the Plywood Price Index while exports failed to absorb excess arrivals.
- Baltic mills operated near full schedules, supporting spot availability and keeping Plywood Spot Price stability.
Why did the price of Plywood change in June 2026 in Europe?
- Increased Baltic import arrivals improved supply, raising Hamburg inventories and easing short-term replacement cost pressures.
- Lower delivered-log quotations and reduced electricity costs trimmed production expenses, enabling exporters to lower offers.
- Subdued German construction demand and cautious distributor procurement limited spot uptake, preventing significant price recovery.
Finland
- In Finland, the Plywood Price Index rose by听0.03%听quarter-over-quarter, reflecting balanced overall market fundamentals.
- Mill stability supported the Plywood Spot Price, while subdued export inquiries limited any upward momentum.
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Plywood Prices in听South America
- In Brazil, the Plywood Price Index rose by听9.50%听quarter-over-quarter, driven by tight export demand
- The average Plywood price for the quarter was approximately听USD 13066.67/1000 Pcs, reflecting strong export-driven demand
- Plywood Spot Price strengthened in June as export orders firmed, supporting higher offered FOB levels
- Plywood Price Forecast indicates modest upside term as maintenance and certification-driven demand sustain export premiums
- Plywood Production Cost Trend reflects firmer resin, veneer costs pressuring mill margins and supporting offers
- Plywood Demand Outlook remains export-led with North American and European procurement offsetting weak domestic construction
- Plywood Price Index movements reflected limited port inventories and prioritized export contract fulfilment by producers
- Maintenance-related output reductions, certification compliance costs, and logistics stability supported firmer export FOB Plywood offers
Why did the price of Plywood change in June 2026 in South America?
- Tighter plantation log availability reduced veneer supply, constraining export-grade volumes and supporting FOB price increases
- Higher formaldehyde-based resin and rising veneer costs increased production expenses, pressuring mills to raise offers
- Strong North American purchases and European anti-dumping measures redirected demand toward Brazilian plywood, tightening exports
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For the Quarter Ending March 2026
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Plywood Prices in听APAC
- In Indonesia, the Plywood Price Index fell by 1.2487% quarter-over-quarter, reflecting softer export demand and caution.
- The average Plywood price for the quarter was approximately USD 11045.00/MT based on FOB trades.
- Plywood Spot Price held firm as disciplined mill output limited discounting despite weaker European inquiries.
- Plywood Price Forecast points to mild volatility from seasonal restocking and geopolitical shipping cost risks.
- Plywood Production Cost Trend rose due to SVLK compliance fees, higher biomass tariffs, resin pressures.
- Plywood Demand Outlook improved as China and Japan restocking supported export inquiries despite European weakness.
- Inventory discipline and cautious buyers kept the Plywood Price Index stable despite shipping window congestion.
- U.S. countervailing duties and regional competition constrained export bookings, tempering upside in international plywood offers.
Why did the price of Plywood change in March 2026 in APAC?
- Government cuts to natural-forest harvest quotas tightened log availability, reducing prompt supply to panel mills.
- Stronger export enquiries from China and Japan increased uptake, enabling mills to pass through minor list-price increases.
- Mandatory SVLK renewals and higher compliance fees elevated cash costs, supporting producers' resistance to discounting.
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Plywood Prices in听Europe
- In Germany, the Plywood Price Index fell by 5.75% quarter-over-quarter, reflecting softer construction demand conditions.
- The average Plywood price for the quarter was approximately USD 15993.33/MT, reflecting CFR Hamburg costs.
- Plywood Spot Price remained uneven as Asian imports and higher freight affected landed offer volumes.
- Plywood Price Forecast indicates modest sideways movement into April as supply and demand largely balance.
- Plywood Production Cost Trend showed upward pressure from resin and energy expenses, supporting supplier resilience.
- Plywood Demand Outlook remains cautious with renovation-led purchases offsetting weaker new housing starts and projects.
- Inventory levels and steady arrivals kept the Plywood Price Index stable, limiting spot-market upside potential.
- Port inventories were comfortable while mills maintained production, reducing urgency for buyers to stockpile volumes.
Why did the price of Plywood change in March 2026 in Europe?
- Tight import availability after Russian supply loss tightened delivered availability, supporting price increases in March.
- Higher resin and energy costs raised production costs, narrowing mill margins, which sustained supplier pricing.
- Comfortable port stocks and arrivals limited shortages, while inland logistics costs sustained delivered price levels.
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Plywood Prices in听South America
- In Brazil, the Plywood Price Index rose by 1.10% quarter-over-quarter, reflecting export-led tightening and demand.
- The average Plywood price for the quarter was approximately USD 11933.33/MT based on FOB Santos.
- Plywood Spot Price tightened at mill gates as US restocking reduced inventories and accelerated exports.
- Plywood Production Cost Trend showed limited change as resin and diesel costs remained stable month.
- Plywood Demand Outlook improved offshore with US buying returning while European orders remained seasonally subdued.
- Plywood Price Forecast suggests modest near term stability as balanced domestic demand offsets weaker exports.
- Plywood Price Index volatility moderated due to disciplined inventory management and continuous mill operations today.
- Export logistics stability at Santos prevented additional freight premia supporting competitive FOB offers amidst uncertainties.
Why did the price of Plywood change in March 2026 in South America?
- Export volumes rebounded as US restocking absorbed production tightening spot availability at Brazilian mill gates.
- Stable resin and diesel inputs limited production cost inflation preventing upward pressure on mill offers.
- Sustained domestic construction and packaging demand offset weaker exports while disciplined inventories avoided oversupply pressures.
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Plywood Prices in听North America
- In the USA, the Plywood Price Index showed a slight decline quarter-over-quarter, reflecting slower housing activity and cautious procurement sentiment.
- The average Plywood Price Index for the quarter remained stable, indicating balanced supply-demand fundamentals.
- Plywood Spot Price remained range-bound as steady domestic production met moderate construction demand.
- Plywood Price Forecast indicates a stable-to-soft outlook due to gradual recovery in construction and adequate supply.
- Plywood Production Cost Trend remained steady, supported by stable timber availability and controlled logistics costs.
- Plywood Demand Outlook remained moderate, with residential construction slowing but renovation activity providing support.
Why did the price of Plywood change in March 2026 in North America?
- Slower housing demand reduced buying interest.
- Stable supply and adequate inventories limited price increases.
- Buyers adopted cautious procurement, delaying large purchases.
For the Quarter Ending December 2025
North America
- The North American Plywood Price Index showed mixed to mildly bearish movement during Q4 2025, as construction activity slowed seasonally and buyers adopted cautious procurement strategies.
- The Production Cost Trend remained elevated across the quarter, driven by higher log costs, labor expenses, energy prices, and compliance costs, which limited the scope for aggressive price reductions.
- The Demand Outlook softened slightly, reflecting reduced residential construction activity, slower renovation demand, and project delays during the winter months.
Why did the price Plywood change in December 2025 in North America?
- The Plywood Price Index declined in December 2025 due to seasonal slowdown in construction activity, year-end inventory destocking by distributors, and cautious buying amid high borrowing costs.
- The Price Forecast for early 2026 indicates a stable to slightly soft trend, as supply remains adequate and demand recovery is expected only gradually with improving weather conditions.
APAC
- In Indonesia, the Plywood Price Index fell by 6.32% quarter-over-quarter, reflecting weak export orders abroad.
- The average Plywood price for the quarter was approximately USD 11184.67/MT, reported FOB Tanjung Priok.
- Plywood Spot Price remained under pressure as subdued overseas demand and competitive Southeast offers persisted.
- Plywood Price Forecast suggests modest post-holiday recovery, but upside constrained by lingering port inventory levels.
- Plywood Production Cost Trend shows modest upward pressure from wetter-weather logistics and higher timber charges.
- Plywood Demand Outlook remains weak as construction and furniture buyers delay purchases amid cautious trade.
- Plywood Price Index declines mirrored mill output and elevated port stocks, limiting sellers' pricing flexibility.
- Export competition from Vietnam and Malaysia and muted year-end restocking prompted discounts to maintain volumes.
Why did the price of Plywood change in December 2025 in APAC?
- Reduced export orders from Japan, China and South Korea lowered demand and pressured FOB offers.
- Abundant supply with steady mill operations and elevated port inventories forced sellers to discount shipments.
- Wet-weather logistics disruptions raised handling costs but did not sufficiently tighten availability to support recovery.
Europe
- In Germany, the Plywood Price Index fell by 0.59% quarter-over-quarter, reflecting softer demand and arrivals.
- The average Plywood price for the quarter was approximately USD 16968.33/MT, reflecting subdued procurement activity.
- Plywood Spot Price stabilized in December as Baltic cargoes eased supply amid reduced construction demand.
- Plywood Price Forecast indicates sideways to modest recovery into spring with restocking and construction tailwinds.
- Plywood Production Cost Trend remained flat, restraining upward pressure amid stable resin and energy costs.
- Plywood Demand Outlook signals gradual post-winter improvement, supporting firmer pricing for construction and furniture segments.
- Inventory accumulation at distributors pressured near-term Plywood Price Index, while exporters adjusted schedules and certifications.
- Larger Baltic and Finnish shipments reduced reliance on distant Asian supply, easing short-term Plywood volatility.
Why did the price of Plywood change in December 2025 in Europe?
- December price eased as larger Baltic and Finnish shipments reached Hamburg, improving physical supply availability.
- Demand softened due to year-end project closures and weaker retail, furniture procurement reducing spot purchasing.
- Persistent inland trucking frictions and certification delays kept delivered costs contained, limiting further price upside.
South America
- In Brazil, the Plywood Price Index fell by 2.49% quarter-over-quarter, reflecting weak export demand and competition.
- The average Plywood price for the quarter was approximately USD 11803.67/MT, supported by higher freight and log costs.
- Plywood Spot Price remained soft amid subdued exports, pressuring realized margins for many coastal producers.
- Plywood Price Forecast indicates modest recovery as restocking supports demand, though competition limits upside potential.
- Plywood Production Cost Trend rose due to higher log and freight expenses, squeezing producer margins across regions.
- Plywood Demand Outlook diverges: domestic construction steady, exports weak because of tariffs and trade disruptions.
- Plywood Price Index volatility reflected shipment reallocations to Europe and certification costs impacting supply flexibility.
- Inventories remained elevated from earlier months, limiting near-term upside despite disciplined mill output and improving orders.
Why did the price of Plywood change in December 2025 in South America?
- Export volumes contracted due to U.S. tariffs and trade disruptions, reducing international demand and lowering offers.
- Higher log and freight costs increased production expenses, prompting producers to adjust pricing amid tight margins.
- Shipments reallocated toward Europe and certification requirements limited flexibility, constraining export supply and price stability.
For the Quarter Ending September 2025
North America
- The U.S. Plywood Price Index (Producer Price Index for Hardwood/Softwood Plywood) showed a material softening in Q3 鈥� hardwood plywood PPI fell ~1.04% month-on-month (July鈫扐ugust) and plywood sheet prices posted an ~11.2% quarterly decline, signalling broad price weakness.
Why did the price of Plywood change in September 2025 in USA?
- Prices decreased in September driven by weaker housing activity (fewer starts and slower home sales), and newly elevated tariffs / trade frictions on Canadian and Southeast Asian imports that disrupted trade flows and shifted sourcing economics. These are combined to reduce volumes and push prices lower.
- The largest single end-use is construction (subfloor, sheathing, roof decking, concrete formwork).听
- Weaknesses in residential construction directly reduced demand for standard construction-grade plywood in Q3.
APAC
- In Indonesia, the Plywood Price Index fell by 1.25% quarter-over-quarter, driven by weaker export demand.
- The average Plywood price for the quarter was approximately USD 11939.33/MT, reflecting port, domestic sales.
- Domestic absorption limited further declines while Plywood Spot Price volatility remained muted and inventories stabilized.
- Plywood Production Cost Trend showed upward pressure from hardwood log and adhesive prices, tightening margins.
- Plywood Price Forecast indicates modest near-term recovery as export inquiries and seasonal restocking support prices.
- Plywood Demand Outlook improved mid-quarter with stronger orders from China and Middle East boosting exports.
- Plywood Price Index movement reflected redirected export cargo into domestic channels and port inventory increases.
- Mills maintained steady production to cover fixed costs, avoiding abrupt supply cuts affecting Price Index.
Why did the price of Plywood change in September 2025 in APAC?
- Reduced overseas orders and trade investigations lowered export volumes, forcing domestic redirection and price adjustments.
- Higher hardwood log and adhesive costs increased production expenses, placing upward pressure despite external demand.
- Port inventory accumulation, logistical delays, and seasonal construction cycles combined to moderate price movements regionally.
Europe
- In Germany, the Plywood Price Index rose by 2.16% quarter-over-quarter, reflecting logistical disruptions and anti-dumping impacts.
- The average Plywood price for the quarter was approximately USD 17069.33/MT, reflecting stable demand conditions.
- Port congestion eased, supporting Plywood Spot Price stability while the Plywood Price Index remained mildly elevated.
- Rising log costs fed into the Plywood Production Cost Trend, constraining mill margins and limiting supply.
- The Plywood Demand Outlook is muted from construction weakness but supported by infrastructure projects and packaging.
- Near-term Plywood Price Forecast suggests modest fluctuations as inventories normalize and seasonal procurement patterns evolve.
- Export demand and anti-dumping measures drove Plywood Price Index momentum, keeping landed costs higher for many.
- Inventories remained adequate, while major suppliers' operational constraints intermittently influenced spot availability and freight costs.
Why did the price of Plywood change in September 2025 in Europe?
- Supply tightened due to anti-dumping duties and constrained harvests, reducing inbound volumes through Hamburg ports.
- Port congestion and rail disruptions increased lead times and landed costs, pressuring Price Index upward.
- Demand remained stable from infrastructure and packaging, offsetting some downward pressure from construction sector weakness.
South America
- In Brazil, the Plywood Price Index rose by 1.44% quarter-over-quarter, reflecting easing port congestion mid-quarter.
- The average Plywood price for the quarter was approximately USD 12105.67/MT, supported by easing logistics.
- Plywood Spot Price tightened as exporters prioritized contractual shipments, reducing available volumes and lifting premiums.
- Plywood Price Forecast signals modest upside into Q4 driven by seasonal restocking and improved throughput.
- Plywood Production Cost Trend remained stable as log costs offset higher freight and financing pressures.
- Plywood Demand Outlook points to subdued exports because of tariffs, while domestic construction provides support.
- Plywood Price Index volatility eased with inventory drawdowns and redirected shipments rebalancing markets across regions.
- Port operations normalization at Santos gradually restored throughput, preventing larger price corrections despite seasonal softness.
Why did the price of Plywood change in September 2025 in South America?
- Port congestion and vessel delays constrained exports, creating short-term supply imbalances and shipping premium pressures.
- Weaker European demand and U.S. tariffs reduced export volumes, diminishing buying and limiting pricing leverage.
- Stable log costs offset freight and financing; mills adjusted production to manage working capital exposure.
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