I used R19 in the walls of my shop to get better sound deadening. You can put up to R21 to get the highest R value for that cavity depth (may bulge out thin sheet rock). R21 compressed down gets you ~ R15. R19 is probably a little bit better than R13 but not enough to call it R14.
Option 1: Put the siding back on and get approximately R13.4 from the batts.
Option 2: Run furring strips to space the wall out and get R19 from the batts.
Option 3: Buy new insulation, spend a bunch of cash and get the same or lower performance.

Option 4: Place a 1/2 to 1" foam under the plywood as a thermal break to increase the R value of the wall.
Effective R Wall Assembly R Values (16" OC, assumes 20 % of the wall is studs):
A few possible wall combinations.
1: No insulation is about ~ R4.6 (I put this in as a baseline for all of those that have sheet rocked, uninsulated walls.
2: R13 Batts ~ R12.7
3: R15 Batts ~ R13.7
4: Frame wall out to 2x6 equivalent with R 19 batts~ R17.4
5: 1/2 EPS Foam (R2) under plywood with r13 batts ~ 15.2
6: 1" EPS Foam (R4) under wood, R13 batts ~ R17.3
7: 2" XPS Foam under siding, R13 batts ~ R23.6
http://www.energystar.gov/index.cfm?c=home_sealing.hm_improvement_insulation_table
http://www.coloradoenergy.org/procorner/stuff/r-values.htm