Asia-Pacific: Fromwork Market 2025

Fromwork Market Size in Asia-Pacific

The Asia-Pacific fromwork market totaled $X in 2022, growing by 5.1% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.3% against 2013 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Fromwork Production in Asia-Pacific

In value terms, fromwork production rose slightly to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Fromwork Exports

Exports in Asia-Pacific

In 2022, exports of shuttering for concrete constructional work, shingles and shakes, of wood in Asia-Pacific contracted markedly to X tons, with a decrease of -25.5% compared with 2021. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 56%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fromwork exports shrank to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 22% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China was the main exporter of shuttering for concrete constructional work, shingles and shakes, of wood in Asia-Pacific, with the volume of exports recording X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Vietnam (X tons), constituting a 13% share of total exports. Malaysia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fromwork exports from China stood at +2.3%. At the same time, Vietnam (+46.5%) and India (+4.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +46.5% from 2012-2022. By contrast, Malaysia (-10.1%) illustrated a downward trend over the same period. Vietnam (+12 p.p.) and China (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fromwork supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports. It was followed by India, with a 9.5% share.

In China, fromwork exports expanded at an average annual rate of +4.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+42.4% per year) and India (+12.0% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, jumping by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the other leaders experienced more modest paces of growth.

Fromwork Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of shuttering for concrete constructional work, shingles and shakes, of wood increased by 108% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fromwork imports soared to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2020 indices. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Macao SAR (X tons), distantly followed by Malaysia (X tons), India (X tons), Hong Kong SAR (X tons) and Maldives (X tons) represented the major importers of shuttering for concrete constructional work, shingles and shakes, of wood, together generating 76% of total imports. Indonesia (X tons), Thailand (X tons), Australia (X tons), South Korea (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Cambodia (X tons) and China (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Macao SAR (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), India ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 45% share of total imports. South Korea, Australia, Macao SAR, Japan, Thailand, Hong Kong SAR, China, Indonesia, Taiwan (Chinese) and Cambodia lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, Macao SAR, with a CAGR of +41.7%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -14.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 53%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform