Asia-Pacific: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Asia-Pacific

In 2021, after two years of growth, there was significant decline in the Asia-Pacific assembled parquet panels market, when its value decreased by -6.6% to $X. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Assembled Parquet Panels Production in Asia-Pacific

In value terms, assembled parquet panels production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Assembled Parquet Panels Exports

Exports in Asia-Pacific

Assembled parquet panels exports surged to X tons in 2021, growing by 29% on the previous year's figure. Over the period under review, exports, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 when exports increased by 35% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, assembled parquet panels exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Indonesia (X tons), China (X tons), Vietnam (X tons) and Malaysia (X tons) was the major exporter of assembled parquet panels in Asia-Pacific, achieving 92% of total export. Taiwan (Chinese) (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +23.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest assembled parquet panels supplying countries in Asia-Pacific were Indonesia ($X), Vietnam ($X) and China ($X), together accounting for 75% of total exports.

Vietnam, with a CAGR of +27.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 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, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of assembled parquet panels increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 49%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, assembled parquet panels imports skyrocketed to $X in 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Australia represented the key importer of assembled parquet panels in Asia-Pacific, with the volume of imports reaching X tons, which was near 36% of total imports in 2021. It was distantly followed by China (X tons), South Korea (X tons), Japan (X tons) and India (X tons), together committing a 40% share of total imports. The following importers - Taiwan (Chinese) (X tons), New Zealand (X tons), Hong Kong SAR (X tons), Vietnam (X tons), Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to assembled parquet panels imports into Australia stood at +18.1%. At the same time, China (+29.3%), the Philippines (+25.2%), New Zealand (+24.6%), India (+15.0%), Vietnam (+11.7%), Taiwan (Chinese) (+10.8%), Hong Kong SAR (+8.0%), South Korea (+7.1%), Japan (+4.9%) and Malaysia (+2.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +29.3% from 2012-2021. Singapore experienced a relatively flat trend pattern. Australia (+13 p.p.), China (+11 p.p.) and New Zealand (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore, South Korea and Japan saw its share reduced by -2.4%, -2.9%, -5.4% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported assembled parquet panels in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +21.3%. The remaining importing countries recorded the following average annual rates of imports growth: China (+25.1% per year) and South Korea (+10.6% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 1.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 an increase of 10%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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