Market movement
In 2024, blockboard, laminboard and battenboard (not bamboo, and other than plywood consisting only of sheets of wood each ply 6mm or thinner) trade exhibited strong growth, with global flows reaching $1,329,608,763 and a three-year compound annual growth rate of -4.8% (five-year: +2.8%). The all-time peak of $1,539,224,929 was recorded in 2021; the current level is 14% below that high-water mark.
Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-6.4% acceleration).
