Asia: Market for Builders' Joinery And Carpentry Of Wood 2025

Market Size for Builders' Joinery And Carpentry Of Wood in Asia

The Asian wooden joinery and carpentry market shrank modestly to $X in 2021, falling by -1.6% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Asia

In value terms, wooden joinery and carpentry production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood

Exports in Asia

Wooden joinery and carpentry exports soared to X tons in 2021, with an increase of 30% on 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a mild contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporter of builders' joinery and carpentry of wood in Asia, with the volume of exports amounting to X tons, which was near 41% of total exports in 2021. Indonesia (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (11%), Turkey (11%) and Malaysia (10%). The following exporters - the Philippines (X tons) and Thailand (X tons) - together made up 6.3% of total exports.

From 2012 to 2021, average annual rates of growth with regard to wooden joinery and carpentry exports from China stood at +1.6%. At the same time, Vietnam (+31.3%), Turkey (+14.8%), Indonesia (+7.6%), Thailand (+4.3%) and Malaysia (+3.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.3% from 2012-2021. By contrast, the Philippines (-21.0%) illustrated a downward trend over the same period. While the share of Vietnam (+10 p.p.), Indonesia (+7.7 p.p.), Turkey (+7.6 p.p.), China (+4.6 p.p.) and Malaysia (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Philippines (-33.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden joinery and carpentry supplier in Asia, comprising 39% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total exports. It was followed by Vietnam, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+6.2% per year) and Vietnam (+32.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 6.4% against the previous year. In general, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 29%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Thailand ($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 (+0.9%), while the other leaders experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports in Asia

In 2021, purchases abroad of builders' joinery and carpentry of wood increased by 10% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 when imports increased by 15%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan prevails in imports structure, resulting at X tons, which was near 60% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), achieving a 4.7% share of total imports. Kazakhstan (X tons), Iraq (X tons), Israel (X tons), Turkey (X tons), India (X tons), South Korea (X tons), China (X tons) and the United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wooden joinery and carpentry imports into Japan stood at +3.3%. At the same time, China (+13.3%), Israel (+10.6%), Iraq (+8.4%), India (+4.8%), South Korea (+4.4%), Kazakhstan (+3.9%) and Hong Kong SAR (+3.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +13.3% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-6.0%) illustrated a downward trend over the same period. Japan (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported builders' joinery and carpentry of wood in Asia, comprising 57% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 5.9% share of total imports. It was followed by Kazakhstan, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.9% per year) and Kazakhstan (-0.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :