Asia: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2025

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Asia

In 2021, the Asian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by -19.5% to $X, falling for the second year in a row after eight years of growth. In general, consumption, however, recorded resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Asia

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports in Asia

For the third consecutive year, Asia recorded decline in shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, which decreased by -8.6% to X tons in 2021. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 8.6%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders declined to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 23%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the largest exporter of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, creating 59% of total exports. Japan (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together held near 31% share of total exports. The following exporters - Malaysia (X tons) and Turkey (X tons) - together made up 6.6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from China stood at -6.8%. At the same time, Japan (+32.0%) and Turkey (+13.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +32.0% from 2012-2021. By contrast, Thailand (-8.9%) and Malaysia (-12.0%) illustrated a downward trend over the same period. Japan (+22 p.p.) and Turkey (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Malaysia and China saw its share reduced by -3%, -4% and -8.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplier in Asia, comprising 69% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Thailand, with a 2.9% share.

In China, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders expanded at an average annual rate of +3.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+27.3% per year) and Thailand (-8.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, which is down by -2.2% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 30% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

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 China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports in Asia

In 2021, after three years of decline, there was growth in purchases abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, when their volume increased by 2.4% to X tons. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders surged to $X in 2021. Over the period under review, imports, however, saw a pronounced setback. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders in 2021 were Kazakhstan (X tons), South Korea (X tons), Malaysia (X tons), Singapore (X tons), Cambodia (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), the Philippines (X tons), India (X tons), Pakistan (X tons), Vietnam (X tons) and Israel (X tons), together accounting for 74% of total import. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Kazakhstan ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 28% share of total imports. These countries were followed by Singapore, Cambodia, the Philippines, Taiwan (Chinese), Vietnam, Indonesia, Israel, India, Pakistan and Mongolia, which together accounted for a further 41%.

Among the main importing countries, Cambodia, with a CAGR of +31.3%, recorded the highest growth rate of 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

The import price in Asia stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the import price increased by 23%. The level of import peaked in 2021 and is likely to see gradual 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 South Korea ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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