ASEAN: Wood Dryer Market 2025

Wood Dryer Market Size in ASEAN

The ASEAN wood dryer market surged to $X in 2021, jumping by 329% against the previous year. In general, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Wood Dryer Production in ASEAN

In value terms, wood dryer production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 465%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wood Dryer Exports

Exports in ASEAN

In 2021, exports of dryers for wood, paper pulp, paper or paperboard in ASEAN skyrocketed to X units, picking up by 64% against 2020 figures. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 989% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, wood dryer exports skyrocketed to $X in 2021. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 574% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Singapore (X units) was the largest exporter of dryers for wood, paper pulp, paper or paperboard, generating 70% of total exports. It was distantly followed by Malaysia (X units) and Thailand (X units), together comprising a 25% share of total exports. Vietnam (X units) held a little share of total exports.

Singapore was also the fastest-growing in terms of the dryers for wood, paper pulp, paper or paperboard exports, with a CAGR of +44.3% from 2012 to 2021. At the same time, Thailand (+24.1%), Malaysia (+6.5%) and Vietnam (+5.2%) displayed positive paces of growth. While the share of Singapore (+55 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-9.7 p.p.) and Malaysia (-43.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest wood dryer supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia amounted to +5.5%. In the other countries, the average annual rates were as follows: Singapore (+8.7% per year) and Thailand (+9.6% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, surging by 9.4% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 61% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.2%), while the other leaders experienced a decline in the export price figures.

Wood Dryer Imports

Imports in ASEAN

In 2021, after three years of decline, there was significant growth in purchases abroad of dryers for wood, paper pulp, paper or paperboard, when their volume increased by 70% to X units. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 4,327%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, wood dryer imports skyrocketed to $X in 2021. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X units) and Vietnam (X units) dominates imports structure, together creating 81% of total imports. The Philippines (X units) ranks next in terms of the total imports with a 6.9% share, followed by Malaysia (5.7%). Thailand (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 94% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, picking up by 181% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 4,386% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform