Asia-Pacific: Oriented Strandboard (Osb) Market 2025

Oriented Strandboard (Osb) Market Size in Asia-Pacific

After nine years of growth, the Asia-Pacific oriented strandboard (OSB) market decreased by -4.4% to $X in 2021. Overall, consumption saw significant growth. The level of consumption peaked at $X in 2020, and then fell in the following year.

Oriented Strandboard (Osb) Production in Asia-Pacific

In value terms, oriented strandboard (OSB) production dropped to $X in 2021 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 72% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Oriented Strandboard (Osb) Exports

Exports in Asia-Pacific

Oriented strandboard (OSB) exports surged to X cubic meters in 2021, growing by 166% compared with the previous year's figure. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oriented strandboard (OSB) exports soared to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporter of oriented strandboard (OSB) in Asia-Pacific, with the volume of exports amounting to X cubic meters, which was near 70% of total exports in 2021. Thailand (X cubic meters) held the second position in the ranking, distantly followed by Malaysia (X cubic meters). All these countries together took near 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to oriented strandboard (OSB) exports from China stood at +30.8%. At the same time, Thailand (+146.1%) and Malaysia (+24.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +146.1% from 2012-2021. While the share of China (+37 p.p.), Thailand (+19 p.p.) and Malaysia (+3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest oriented strandboard (OSB) supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +36.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+124.3% per year) and Malaysia (+25.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2021, rising by 23% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The level of export peaked at $X per cubic meter in 2012; however, from 2013 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 China ($X per cubic meter), while Thailand ($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 China (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Oriented Strandboard (Osb) Imports

Imports in Asia-Pacific

In 2021, approx. X cubic meters of oriented strandboard (OSB) were imported in Asia-Pacific; shrinking by -3.2% compared with the previous year. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, oriented strandboard (OSB) imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 19%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X cubic meters) and Japan (X cubic meters) were the major importers of oriented strandboard (OSB) in Asia-Pacific, together committing 72% of total imports. It was distantly followed by South Korea (X cubic meters), constituting a 16% share of total imports. The following importers - Australia (X cubic meters), Taiwan (Chinese) (X cubic meters), Thailand (X cubic meters) and New Zealand (X cubic meters) - together made up 10% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by New Zealand (with a CAGR of +58.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 86% of total imports. Australia, Taiwan (Chinese), New Zealand and Thailand lagged somewhat behind, together accounting for a further 12%.

New Zealand, with a CAGR of +58.1%, recorded the highest growth rate of the value of imports, in terms of 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 2021, surging by 22% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2013; however, from 2014 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 Australia ($X per cubic meter), while Thailand ($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 China (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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