ASEAN: Veneer Sheet Market 2025

Veneer Sheet Market Size in ASEAN

The ASEAN veneer sheet market fell slightly to $X in 2022, dropping by -4.1% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Veneer Sheet Production in ASEAN

In value terms, veneer sheet production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports in ASEAN

In 2022, veneer sheet exports in ASEAN reduced slightly to X square meters, therefore, remained relatively stable against the previous year's figure. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of X square meters, and then reduced in the following year.

In value terms, veneer sheet exports declined notably to $X in 2022. Over the period under review, exports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

In 2022, Thailand (X square meters) and Indonesia (X square meters) represented the key exporters of veneer sheets and sheets for plywood and other wood sawn lengthwise in ASEAN, together finishing at approx. 60% of total exports. It was distantly followed by Myanmar (X square meters), Malaysia (X square meters) and Vietnam (X square meters), together generating a 38% share of total exports. Cambodia (X square meters) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +85.3%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Myanmar ($X) were the countries with the highest levels of exports in 2022, together accounting for 87% of total exports.

Among the main exporting countries, Myanmar, with a CAGR of +66.7%, 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.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per square meter, declining by -14.9% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 7.9%. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, 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 Vietnam ($X per square meter), while Thailand (less than $X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the other leaders experienced a decline in the export price figures.

Veneer Sheet Imports

Imports in ASEAN

Veneer sheet imports totaled X square meters in 2022, picking up by 3.5% on 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, veneer sheet imports reached $X in 2022. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 27% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Cambodia (X square meters), Vietnam (X square meters) and Malaysia (X square meters) represented the largest importer of veneer sheets and sheets for plywood and other wood sawn lengthwise in ASEAN, committing 73% of total import. The Philippines (X square meters) ranks next in terms of the total imports with a 13% share, followed by Indonesia (11%). Thailand (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +33.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported veneer sheets and sheets for plywood and other wood sawn lengthwise in ASEAN, comprising 40% of total imports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total imports. It was followed by Malaysia, with a 15% share.

In Vietnam, veneer sheet imports increased at an average annual rate of +22.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+11.1% per year) and Malaysia (-0.5% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per square meter, remaining constant against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, import prices reached the maximum at $X per square meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform