Asia-Pacific: Hardboard Market 2025

Hardboard Market Size in Asia-Pacific

The Asia-Pacific hardboard market fell slightly to $X in 2022, approximately mirroring the previous year. In general, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Hardboard Production in Asia-Pacific

In value terms, hardboard production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Hardboard Exports

Exports in Asia-Pacific

In 2022, the amount of hardboard exported in Asia-Pacific shrank to X cubic meters, declining by -7% against the year before. Over the period under review, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 15%. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, hardboard exports dropped slightly to $X in 2022. Overall, exports recorded a perceptible decrease. The growth pace was the most rapid in 2018 when exports increased by 20%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X cubic meters, which amounted to 48% of total exports. Thailand (X cubic meters) ranks second in terms of the total exports with a 27% share, followed by Malaysia (18%). Vietnam (X cubic meters), Australia (X cubic meters) and India (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +56.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hardboard supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total exports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -5.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+4.9% per year) and Malaysia (+16.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, surging by 6.2% against the previous year. Overall, the export price, however, showed a slight slump. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Australia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Hardboard Imports

Imports in Asia-Pacific

In 2022, hardboard imports in Asia-Pacific declined to X cubic meters, shrinking by -5.9% against 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. The volume of import peaked at X cubic meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, hardboard imports declined to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 41%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X cubic meters), distantly followed by India (X cubic meters), Vietnam (X cubic meters), China (X cubic meters), South Korea (X cubic meters), Malaysia (X cubic meters) and Taiwan (Chinese) (X cubic meters) represented the key importers of hardboard, together mixing up 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. Vietnam, South Korea, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 30%.

Vietnam, with a CAGR of +13.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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-Pacific stood at $X per cubic meter in 2022, approximately equating the previous year. Over the period under review, the import price recorded a slight setback. The growth pace was the most rapid in 2021 an increase of 6.7% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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