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Thailand - Particle Board - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Sep 22, 2023

Average Price of Particle Board in Thailand Is $135 per Cubic Meter

Thailand Particle Board Export Price in July 2023

In July 2023, the particle board price amounted to $135 per cubic meter (FOB, Thailand), approximately mirroring the previous month. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in January 2023 an increase of 2.7% m-o-m. The export price peaked at $158 per cubic meter in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($289 per cubic meter), while the average price for exports to Malaysia ($123 per cubic meter) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.0%), while the prices for the other major destinations experienced a decline.

Thailand Particle Board Export Prices By Country (USD Per Cubic Meter)
COUNTRYExport Price of Particle Board in Thailand (USD per cubic meter)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Japan290311302316322303304292297295293288289
Taiwan (Chinese)185205181180162156156150148164146148165
China151148139128138155161136140136142135133
India149146119122119120121148111120121115125
Vietnam136145117126116122115107115109112120124
Malaysia145142131122121123119113117121127124123
South Korea136136125129131127128119124125123123123
Average155158138138138136139128130132134135135

Thailand Particle Board Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was particle board and similar board of ligneous materials (excluding wood) ($954 per cubic meter), while the average price for exports of waferboards ($132 per cubic meter) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: board of bagasse, bamboo or other particles (+15.1%), while the prices for the other products experienced more modest paces of growth.

Thailand Particle Board Exports

In July 2023, approximately 247K cubic meters of particle board were exported from Thailand; with an increase of 7.8% compared with the previous month's figure. Overall, total exports indicated a perceptible expansion from July 2022 to July 2023: its volume increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, exports decreased by -21.5% against May 2023 indices. The growth pace was the most rapid in November 2022 when exports increased by 33% month-to-month. The exports peaked at 315K cubic meters in May 2023; however, from June 2023 to July 2023, the exports failed to regain momentum.

In value terms, particle board exports expanded sharply to $33M (IndexBox estimates) in July 2023. In general, total exports indicated a moderate increase from July 2022 to July 2023: its value increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, exports decreased by -20.7% against May 2023 indices. The most prominent rate of growth was recorded in March 2023 with an increase of 34% against the previous month. The exports peaked at 42M cubic meters in May 2023; however, from June 2023 to July 2023, the exports stood at a somewhat lower figure.

Thailand Particle Board Exports by Type

Waferboards (240K cubic meters) was the largest type of particle board exported from Thailand, accounting for a 97% share of total exports. It was followed by oriented strandboard (OSB) (6.4K cubic meters), with a 2.6% share of total exports. The third position in this ranking was held by wooden particle board (1.2K cubic meters), with a 0.5% share.

From July 2022 to July 2023, the average monthly growth rate of the volume of export of waferboards stood at +3.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: oriented strandboard (OSB) (+9.1% per month) and wooden particle board (-8.7% per month).

In value terms, waferboards ($32M) remains the largest type of particle board exported from Thailand, comprising 95% of total exports. The second position in the ranking was taken by oriented strandboard (OSB) ($946K), with a 2.8% share of total exports. It was followed by wooden particle board, with a 2.2% share.

From July 2022 to July 2023, the average monthly growth rate of the export volume of waferboards totaled +2.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: oriented strandboard (OSB) (+10.3% per month) and wooden particle board (-2.5% per month).

Thailand Particle Board Exports by Country

South Korea (96K cubic meters), Malaysia (49K cubic meters) and China (26K cubic meters) were the main destinations of particle board exports from Thailand, together comprising 70% of total exports. These countries were followed by Vietnam, India, Israel, Taiwan (Chinese) and Japan, which together accounted for a further 20%.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for particle board exported from Thailand were South Korea ($12M), Malaysia ($6M) and China ($3.5M), together accounting for 64% of total exports. These countries were followed by Vietnam, India, Israel, Taiwan (Chinese) and Japan, which together accounted for a further 21%.

In terms of the main countries of destination, India, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the particle 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 1697 - Particle board
  • FCL 1606 - OSB

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 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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