Plywood Price Trend and Forecast 2026-2027

Plywood prices in the United States, the highest-cost reporting region, jumped 10.2% in Q2 2026 to USD 540.00/MT from USD 490.00/MT in Q1, tracking a sharp rise in production costs and steady renovation-led demand offsetting weaker new housing starts. German prices rose 3.4% to USD 460.00/MT, continuing a recovery from a difficult 2025 as tight import availability following the loss of Russian supply supported pricing. Globally, the average rose from USD 442.10/MT in Q1 to USD 464.12/MT in Q2, a 5.0% gain, extending the recovery that began in Q1 2026 after prices declined through most of 2025. For H2 2026, a global average of USD 380.00-560.00/MT is expected, with rising production costs and tighter regional supply conditions likely to keep this market firm.

Plywood is an engineered wood panel product manufactured by bonding thin layers of wood veneer under heat and pressure with adhesive resin, valued for its strength, dimensional stability, and versatility. It remains one of the most essential engineered wood products used across construction, furniture manufacturing, interior decoration, transportation, and packaging industries, with movements in plywood pricing closely monitored by manufacturers, importers, distributors, and procurement managers worldwide. Production costs across this market face upward pressure from resin and energy expenses, while regional supply conditions vary considerably: European availability has tightened following the loss of Russian supply, while Asia-Pacific producers face government cuts to natural-forest harvest quotas and mandatory sustainable forestry compliance fee increases. Resin and energy production costs, regional log supply and harvest quotas, and construction and renovation demand are what drive prices in this market.

Plywood Price Forecast for 2026

The outlook for Plywood through H2 2026 points to continued firmness, tracking upward pressure from resin and energy expenses alongside tighter regional log supply conditions. Renovation-led purchases are expected to continue offsetting weaker new housing starts and construction projects in several Western markets, while stronger export enquiries from China and Japan should continue supporting Asia-Pacific pricing even amid mandatory sustainable forestry compliance fee increases.

The main upside risk is a further tightening of European import availability following the Russian supply loss, or additional cuts to Asia-Pacific natural-forest harvest quotas, which could push prices higher than currently forecast. The main downside risk is a continuation of weak new housing starts and construction activity across major Western markets, which could offset the current renovation-led demand support and slow the pace of gains.

For the Quarter Ending June 2026

Plywood Prices Q2 2026:

• United States: USD 540.00/MT
• Germany: USD 460.00/MT
• Brazil: USD 448.00/MT
• China: USD 390.00/MT

Plywood Prices in the United States

US Plywood prices averaged USD 540.00/MT in Q2 2026, the highest of any region tracked here, up 10.2% from USD 490.00/MT in Q1, as rising production costs and steady renovation-led demand continued supporting this market.

Why did the price of Plywood change in Q2 2026 in the United States?

Higher resin and energy costs continued raising production expenses, while renovation-led purchases continued offsetting weaker new housing starts and construction projects, keeping this market at the top of the range tracked in this report.

Plywood Prices in Germany

German prices averaged USD 460.00/MT in Q2 2026, up 3.4% from USD 445.00/MT in Q1, as tight import availability following the loss of Russian supply continued supporting pricing.

Why did the price of Plywood change in Q2 2026 in Germany?

Tight import availability after the Russian supply loss continued tightening delivered availability, while higher resin and energy costs raised production costs and narrowed mill margins, sustaining supplier pricing.

Plywood Prices in Brazil

Brazilian prices averaged USD 448.00/MT in Q2 2026, up 1.8% from USD 440.00/MT in Q1, as export demand and tighter supply availability continued driving gains.

Why did the price of Plywood change in Q2 2026 in Brazil?

Export demand and tighter supply availability continued supporting Brazilian pricing, tracking the moderate improvement that has characterized this market relative to other global regions.

Plywood Prices in China

Chinese prices averaged USD 390.00/MT in Q2 2026, up 2.6% from USD 380.00/MT in Q1, as log-quota tightening and stronger export enquiries continued supporting this market.

Why did the price of Plywood change in Q2 2026 in China?

Government cuts to natural-forest harvest quotas continued tightening log availability, while stronger export enquiries from China and Japan increased uptake, enabling mills to pass through minor list-price increases even amid mandatory sustainable forestry compliance fee increases.

For the Quarter Ending March 2026

Plywood Prices Q1 2026:

• United States: USD 490.00/MT
• Germany: USD 445.00/MT
• Brazil: USD 440.00/MT
• China: USD 380.00/MT

Plywood Prices in the United States

US prices rose 4.3% in Q1 2026 to USD 490.00/MT from USD 470.00/MT in Q4 2025, as Plywood Demand Outlook remained cautious with renovation-led purchases offsetting weaker new housing starts.

Why did the price of Plywood change in Q1 2026 in the United States?

Plywood Production Cost Trend showed upward pressure from resin and energy expenses, supporting supplier resilience, while Plywood Demand Outlook remained cautious with renovation-led purchases offsetting weaker new housing starts and projects.

Plywood Prices in Germany

German prices rose 6.0% in Q1 2026 to USD 445.00/MT from USD 420.00/MT in Q4 2025, as tight import availability after Russian supply loss tightened delivered availability.

Why did the price of Plywood change in Q1 2026 in Germany?

Tight import availability after Russian supply loss tightened delivered availability, supporting price increases, while higher resin and energy costs raised production costs, narrowing mill margins, which sustained supplier pricing even as comfortable port stocks and arrivals limited shortages.

Plywood Prices in Brazil

Brazilian prices rose 1.1% in Q1 2026 to USD 440.00/MT from USD 435.00/MT in Q4 2025, supported by export demand and tighter supply availability.

Why did the price of Plywood change in Q1 2026 in Brazil?

Unlike several other global regions, South America witnessed moderate improvement in plywood pricing during the quarter, supported by export demand and tighter supply availability.

Plywood Prices in China

Chinese prices rose 3.3% in Q1 2026 to USD 380.00/MT from USD 368.00/MT in Q4 2025, as government cuts to natural-forest harvest quotas tightened log availability.

Why did the price of Plywood change in Q1 2026 in China?

Government cuts to natural-forest harvest quotas tightened log availability, reducing prompt supply to panel mills, while stronger export enquiries from China and Japan increased uptake, enabling mills to pass through minor list-price increases even as mandatory sustainable forestry compliance renewals and higher fees elevated cash costs.

Quarterly Plywood Price Trends

Global Plywood prices declined gradually through most of 2025 as comfortable port inventories and steady arrivals limited spot-market upside potential, before recovering firmly in Q1 2026 as tighter regional log supply, rising resin and energy costs, and tight European import availability following the Russian supply loss combined to push prices higher across every region tracked in this report.

What was Plywood Price in 2025?

Plywood moved in genuinely different directions across the markets covered in this report through 2025. Brazil posted a firm annual gain given export demand and tighter supply availability, while the United States, Germany, and China all posted annual declines tracking comfortable port inventories and steady arrivals, before tighter supply conditions reversed the broader trend in early 2026.

Plywood Prices in the United States in 2025

US prices eased from about USD 500.00/MT in Q1 2025 to USD 470.00/MT by Q4, down roughly 6.0%, before the sharp Q2 2026 acceleration that followed.

Plywood Prices in Germany in 2025

German prices eased from about USD 480.00/MT in Q1 2025 to USD 420.00/MT by Q4, down roughly 12.5%, the steepest annual decline of the four regions.

Plywood Prices in Brazil in 2025

Brazilian prices firmed from about USD 420.00/MT in Q1 2025 to USD 435.00/MT by Q4, up roughly 3.6%, the only region among the four to post a positive annual figure.

Plywood Prices in China in 2025

Chinese prices eased from about USD 380.00/MT in Q1 2025 to USD 368.00/MT by Q4, down roughly 3.2%, the smallest annual decline of the four regions.

How We Can Help

Expert Market Research: Your Source for Real-Time Plywood Price Intelligence

Expert Market Research tracks Plywood prices continuously across every major producing and consuming region, combining resin and energy production cost data, regional log supply and harvest quota signals, and construction and renovation demand trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the recovery trends covered in this report, and build a defensible view of where this essential engineered wood panel is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.