Asia: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Asia

After four years of growth, the Asian market for particle board and similar board of ligneous materials (excluding wood) decreased by -8.3% to $X in 2021. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Asia

In value terms, production of particle board and similar board of ligneous materials (excluding wood) dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 31%. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in Asia

In 2021, shipments abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports of attained the peak figure at X cubic meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, exports enjoyed pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Thailand (X cubic meters), distantly followed by China (X cubic meters), Pakistan (X cubic meters), Malaysia (X cubic meters) and Bangladesh (X cubic meters) were the key exporters of particle board and similar board of ligneous materials (excluding wood), together comprising 83% of total exports. Indonesia (X cubic meters) and Syrian Arab Republic (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +103.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest board of bagasse, bamboo or other particles supplier in Asia, comprising 75% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.4% share of total exports. It was followed by Malaysia, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +31.0%. In the other countries, the average annual rates were as follows: Thailand (-16.3% per year) and Malaysia (-16.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per cubic meter, rising by 72% against the previous year. In general, the export price recorded resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per cubic meter), while Syrian Arab Republic ($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 (+23.1%), while the other leaders experienced a decline in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in Asia

In 2021, purchases abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports of attained the peak figure at X cubic meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, imports, however, saw a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the key importing country with an import of about X cubic meters, which amounted to 36% of total imports. It was distantly followed by Malaysia (X cubic meters), Japan (X cubic meters), the United Arab Emirates (X cubic meters), Vietnam (X cubic meters), Afghanistan (X cubic meters) and Kazakhstan (X cubic meters), together committing a 43% share of total imports. The following importers - India (X cubic meters), Saudi Arabia (X cubic meters), Cambodia (X cubic meters) and Singapore (X cubic meters) - together made up 11% of total imports.

Imports into Taiwan (Chinese) decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Afghanistan (+43.5%), Japan (+13.6%), Cambodia (+9.4%), the United Arab Emirates (+6.2%) and Malaysia (+1.1%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +43.5% from 2012-2021. By contrast, Singapore (-6.9%), Saudi Arabia (-14.8%), Kazakhstan (-16.4%), Vietnam (-16.9%) and India (-21.1%) illustrated a downward trend over the same period. Taiwan (Chinese) (+14 p.p.), Malaysia (+8.1 p.p.), Japan (+7.2 p.p.), Afghanistan (+4.7 p.p.), the United Arab Emirates (+3.6 p.p.) and Cambodia (+2 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Kazakhstan, Vietnam and India saw its share reduced by -3.4%, -6.8%, -7.8% and -10.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported particle board and similar board of ligneous materials (excluding wood) in Asia, comprising 31% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 6% share.

In Taiwan (Chinese), imports of particle board and similar board of ligneous materials (excluding wood) contracted by an average annual rate of -1.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-4.4% per year) and the United Arab Emirates (+5.8% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2021, rising by 1.9% against the previous year. In general, the import price, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 when the import price increased by 4.6% against the previous year. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 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 Saudi Arabia ($X per cubic meter), while Japan ($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 Kazakhstan (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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