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Thailand - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

Thailand - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights

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Nov 17, 2024

Thailand Sees 15% Drop in Insulating Board Exports, Falling to $94 Million in 2023

Thailand Insulating Board Exports

In 2023, insulating board exports from Thailand shrank slightly to 601K cubic meters, flattening at the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure at 609K cubic meters in 2022, and then dropped in the following year.

In value terms, insulating board exports contracted to $94M (IndexBox estimates) in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of 34%. As a result, the exports attained the peak of $110M, and then shrank in the following year.Thailand Insulating Board Exports By Country (Million USD)

COUNTRYExport Value of Insulating Board in Thailand (million USD)
20132014201520162017201820192020202120222023
United Arab Emirates16.119.022.621.817.535.813.212.617.937.243.9
Malaysia4.66.96.94.96.64.02.914.97.36.913.3
Saudi Arabia17.613.216.817.810.610.75.11.41.98.610.3
Egypt1.03.93.34.13.54.19.311.921.021.89.8
Lebanon5.77.46.46.05.43.83.22.76.019.47.2
Jordan6.42.82.40.61.60.52.40.82.25.12.5
United StatesN/AN/AN/A0.1N/A0.20.10.81.85.32.2
Syrian Arab Republic0.42.24.53.63.47.811.210.512.8N/AN/A
Vietnam19.214.59.810.19.110.413.811.80.1N/AN/A
Others19.114.212.59.411.67.06.93.110.85.74.4
Total90.284.185.378.369.484.368.070.482.011093.6

Exports by Country

the United Arab Emirates (284K cubic meters) was the main destination for insulating board exports from Thailand, accounting for a 47% share of total exports. Moreover, insulating board exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (89K cubic meters), threefold. Saudi Arabia (71K cubic meters) ranked third in terms of total exports with a 12% share.

From 2013 to 2023, the average annual growth rate of volume to the United Arab Emirates stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+13.1% per year) and Saudi Arabia (-1.1% per year).

In value terms, the United Arab Emirates ($44M) remains the key foreign market for insulating board exports from Thailand, comprising 47% of total exports. The second position in the ranking was taken by Malaysia ($13M), with a 14% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2013 to 2023, the average annual rate of growth in terms of value to the United Arab Emirates totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+11.3% per year) and Saudi Arabia (-5.2% per year).

Export Prices by Country

In 2023, the insulating board price stood at $156 per cubic meter (FOB, Thailand), with a decrease of -13.8% against the previous year. Over the period under review, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. Over the period under review, the average export prices reached the maximum at $195 per cubic meter in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Indonesia ($192 per cubic meter) and Jordan ($167 per cubic meter), while the average price for exports to Saudi Arabia ($145 per cubic meter) and Malaysia ($151 per cubic meter) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (-0.5%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating board market in Thailand. 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 1650 - Other fibreboard

Country coverage:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • 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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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