ASEAN: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in ASEAN

The ASEAN market for boards, sheets, panels, tiles and similar articles of plaster not faced expanded sharply to $X in 2021, surging by 14% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in ASEAN

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible expansion. The growth pace was the most rapid in 2016 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in ASEAN

For the fifth year in a row, ASEAN recorded decline in shipments abroad of boards, sheets, panels, tiles and similar articles of plaster not faced, which decreased by -24.2% to X square meters in 2021. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by 12%. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced contracted dramatically to $X in 2021. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

In 2021, Thailand (X square meters) was the key exporter of boards, sheets, panels, tiles and similar articles of plaster not faced, creating 69% of total exports. Singapore (X square meters) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.9%). Indonesia (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster not faced exports from Thailand stood at -11.5%. At the same time, Singapore (+5.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +5.3% from 2012-2021. By contrast, Indonesia (-10.9%) and Malaysia (-28.0%) illustrated a downward trend over the same period. While the share of Thailand (+20 p.p.) and Singapore (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-35.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest board, sheet, panel, tile and similar article of plaster not faced supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising 96% of total exports.

Singapore, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per square meter, picking up by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2014 an increase of 11% against the previous year. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in ASEAN

Imports of boards, sheets, panels, tiles and similar articles of plaster not faced contracted notably to X square meters in 2021, declining by -18% compared with the previous year. In general, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, imports of attained the peak figure at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced contracted to $X in 2021. Overall, imports showed a slight decrease. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X square meters), distantly followed by Malaysia (X square meters), Myanmar (X square meters), Singapore (X square meters), Thailand (X square meters), Vietnam (X square meters) and Cambodia (X square meters) represented the main importers of boards, sheets, panels, tiles and similar articles of plaster not faced, together making up 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in ASEAN, comprising 47% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by Singapore, with a 10% share.

In the Philippines, imports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded at an average annual rate of +16.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+5.3% per year) and Singapore (-13.2% per year).

Import Prices by Country

The import price in ASEAN stood at $X per square meter in 2021, rising by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 31%. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform