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China - MDF - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Apr 19, 2023

China's MDF Export Decline Drastically to $51 Million in Feb 2023

China MDF Exports

In February 2023, approximately 125K cubic meters of MDF were exported from China; shrinking by -41.9% on the previous month. Over the period under review, exports saw a pronounced setback. The pace of growth appeared the most rapid in December 2022 with an increase of 39% month-to-month. The exports peaked at 255K cubic meters in May 2022; however, from June 2022 to February 2023, the exports failed to regain momentum.

In value terms, MDF exports reduced notably to $51M (IndexBox estimates) in February 2023. In general, exports saw a pronounced decrease. The pace of growth appeared the most rapid in December 2022 with an increase of 21% m-o-m. The exports peaked at 120M cubic meters in May 2022; however, from June 2022 to February 2023, the exports failed to regain momentum.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Value MDF in China (million USD)
Nigeria16.112.85.214.115.53.10.51.85.15.02.59.910.0
Vietnam4.47.911.014.25.65.63.03.24.63.93.71.93.9
Mexico2.52.42.612.02.41.97.72.95.13.64.76.73.5
Uzbekistan5.33.52.62.73.62.94.22.62.82.32.71.22.9
United States7.715.915.216.418.713.69.88.57.57.88.711.42.8
United Arab Emirates1.35.34.23.20.48.84.27.83.22.76.54.01.7
Russia1.50.91.20.72.12.92.72.32.41.22.22.71.7
Iraq1.1N/A2.01.70.1N/A1.92.00.70.22.10.81.5
United Kingdom0.91.50.51.83.52.20.51.40.30.60.81.71.4
Australia1.72.02.52.63.63.52.44.23.13.42.43.31.4
Saudi Arabia6.32.25.85.33.65.05.210.15.15.712.97.41.2
Peru0.20.30.20.60.50.80.60.30.90.60.91.90.7
Egypt4.10.14.5N/A5.24.32.00.24.60.62.61.60.4
Total765.0930.0820.0867.0849.0733.0712.0717.0658.0647.0623.0413.0126.0

Exports by Country

Nigeria (28K cubic meters), Vietnam (16K cubic meters) and Mexico (13K cubic meters) were the main destinations of MDF exports from China, together comprising 45% of total exports. These countries were followed by Uzbekistan, the United Arab Emirates, Iraq, Saudi Arabia, the UK, Russia, the United States, Australia, Peru and Egypt, which together accounted for a further 28%.

From February 2022 to February 2023, the biggest increases were in Peru (with a CAGR of +16.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($10M) emerged as the key foreign market for MDF exports from China, comprising 19% of total exports. The second position in the ranking was held by Vietnam ($3.9M), with a 7.6% share of total exports. It was followed by Mexico, with a 6.8% share.

From February 2022 to February 2023, the average monthly growth rate of value to Nigeria stood at -3.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (-0.9% per month) and Mexico (+2.7% per month).

Exports by Type

Medium density fibreboard (MDF), of a thickness exceeding 9 mm (91K cubic meters) was the largest type of MDF exported from China, with a 73% share of total exports. Moreover, medium density fibreboard (MDF), of a thickness exceeding 9 mm exceeded the volume of the second product type, medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm (20K cubic meters), fivefold.

From February 2022 to February 2023, the average monthly growth rate of the volume of export of medium density fibreboard (MDF), of a thickness exceeding 9 mm totaled -2.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm (-2.2% per month) and medium density fibreboard (MDF), of a thickness not exceeding 5 mm (-3.3% per month).

In value terms, medium density fibreboard (MDF), of a thickness exceeding 9 mm ($34M) remains the largest type of MDF exported from China, comprising 67% of total exports. The second position in the ranking was held by medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm ($9.5M), with a 19% share of total exports.

From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of medium density fibreboard (MDF), of a thickness exceeding 9 mm amounted to -3.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: medium density fibreboard (MDF), of a thickness exceeding 5 mm but not exceeding 9 mm (-1.8% per month) and medium density fibreboard (MDF), of a thickness not exceeding 5 mm (-4.2% per month).

Export Prices by Country

In February 2023, the mdf price stood at $412 per cubic meter (FOB, China), shrinking by -8.1% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 an increase of 21% against the previous month. The export price peaked at $534 per cubic meter in April 2022; however, from May 2022 to February 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was Egypt ($1,369 per cubic meter), while the average price for exports to Vietnam ($248 per cubic meter) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mdf market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1648 - MDF/HDF

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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