ASEAN: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in ASEAN

In 2021, the ASEAN market for particle board and similar board of ligneous materials (excluding wood) decreased by -1.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a pronounced setback. The pace of growth appeared the most rapid in 2019 when the market value increased by 4.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in ASEAN

In value terms, production of particle board and similar board of ligneous materials (excluding wood) declined to $X in 2021 estimated in export price. Overall, production showed a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 4.9%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in ASEAN

In 2021, overseas shipments of particle board and similar board of ligneous materials (excluding wood) were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the major exporting country with an export of about X cubic meters, which resulted at 72% of total exports. Malaysia (X cubic meters) ranks second in terms of the total exports with a 16% share, followed by Indonesia (7.1%). Lao People's Democratic Republic (X cubic meters) and Vietnam (X cubic meters) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to board of bagasse, bamboo or other particles exports from Thailand stood at -14.8%. At the same time, Indonesia (+103.6%) and Lao People's Democratic Republic (+18.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +103.6% from 2012-2021. By contrast, Malaysia (-15.5%) and Vietnam (-21.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Lao People's Democratic Republic increased by +7.1 and +2.6 percentage points, respectively.

In value terms, Thailand ($X) remains the largest board of bagasse, bamboo or other particles supplier in ASEAN, comprising 49% of total exports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total exports. It was followed by Indonesia, with a 14% share.

In Thailand, exports of particle board and similar board of ligneous materials (excluding wood) shrank by an average annual rate of -16.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-16.7% per year) and Indonesia (+94.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per cubic meter in 2021, reducing by -3.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in ASEAN

In 2021, overseas purchases of particle board and similar board of ligneous materials (excluding wood) were finally on the rise to reach X cubic meters after two years of decline. Overall, imports, however, recorded a abrupt decrease. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) rose slightly to $X in 2021. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 7.2% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia represented the major importing country with an import of around X cubic meters, which finished at 53% of total imports. Vietnam (X cubic meters) took the second position in the ranking, distantly followed by Cambodia (X cubic meters), Singapore (X cubic meters) and the Philippines (X cubic meters). All these countries together held near 40% share of total imports. Thailand (X cubic meters) and Indonesia (X cubic meters) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to board of bagasse, bamboo or other particles imports into Malaysia stood at +1.1%. At the same time, Cambodia (+9.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +9.4% from 2012-2021. By contrast, Thailand (-1.6%), Singapore (-6.9%), Indonesia (-15.1%), Vietnam (-16.9%) and the Philippines (-23.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Cambodia and Singapore increased by +33, +7.4 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported particle board and similar board of ligneous materials (excluding wood) in ASEAN, comprising 43% of total imports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total imports. It was followed by Cambodia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at -4.4%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-18.7% per year) and Cambodia (+8.2% per year).

Import Prices by Country

The import price in ASEAN stood at $X per cubic meter in 2021, reducing by -15.7% against the previous year. Over the period under review, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2014 an increase of 8.7%. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform