The Demand For Wood-based Panels in Developed Countries Or Regions Is Stable And The Concentration Is High
Dec 12, 2022
According to overseas experience, the demand for wood-based panels in developed countries or regions is stable and the concentration is high. From the perspective of the development history of wood-based panels in developed countries or regions, the output of wood-based panels in the United States entered a plateau after the 21st century, while the output of wood-based panels in Europe continued to grow, and the demand scale remained stable after the wood-based panel market entered a mature stage; from the downstream In terms of application fields, according to the European Wood-based Panel Federation (EPF), the top applications of wood-based panels in Europe in 2020 are 46% for furniture, 29% for construction and decoration, 4% for flooring, and 4% for packaging. From the perspective of concentration, the market share of the two leading companies in the European market, Kronospan (Kronospan) and Egger (Egger), respectively reached 27%, 9%, CR5 reached 50%, and CR10 reached 62%. Higher; from the perspective of the concentration of the downstream cabinet industry, the CR5 of the European cabinet industry in 2015 was 35% (data source, Nobia annual report), and the cabinet industry is the sub-sector with the highest concentration in the entire furniture industry (cabinets are highly functional). The concentration of the furniture industry is lower than that of decorative panels; attribution analysis shows that panels have strong functional attributes and are easy to standardize production and processing, with obvious brand effects and scale effects, while home furnishing focuses on personalized design and service attributes, and the brand effect and scale effects are not obvious. It makes the board naturally easier to concentrate than the furniture.
