Asia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Asia

The Asian veneer sheets market shrank to $X in 2022, reducing by -5.5% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Veneer Sheets Production in Asia

In value terms, veneer sheets production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Veneer Sheets Exports

Exports in Asia

After eight years of growth, shipments abroad of veneer sheets decreased by -44.6% to X cubic meters in 2022. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 118% against the previous year. As a result, the exports reached the peak of X cubic meters, and then fell significantly in the following year.

In value terms, veneer sheets exports fell to $X in 2022. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 55%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China represented the key exporting country with an export of about X cubic meters, which reached 44% of total exports. Thailand (X cubic meters) ranks second in terms of the total exports with a 13% share, followed by Vietnam (11%), Indonesia (9.9%), Myanmar (5.7%) and Turkey (5.7%). India (X cubic meters) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Myanmar (+81.9%), Thailand (+52.0%), Indonesia (+17.5%), India (+15.2%), Turkey (+13.6%) and Vietnam (+13.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of +81.9% from 2012-2022. From 2012 to 2022, the share of Thailand, Myanmar, Indonesia and Vietnam increased by +13, +5.7, +4.6 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest veneer sheets supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports. It was followed by Indonesia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +11.2%. In the other countries, the average annual rates were as follows: Vietnam (+12.9% per year) and Indonesia (+11.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, picking up by 58% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a 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 China ($X per cubic meter), while Thailand ($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 China (+3.0%), while the other leaders experienced a decline in the export price figures.

Veneer Sheets Imports

Imports in Asia

In 2022, the amount of veneer sheets imported in Asia totaled X cubic meters, with an increase of 11% on 2021. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, veneer sheets imports rose to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +42.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China dominates imports structure, reaching X cubic meters, which was near 69% of total imports in 2022. It was distantly followed by India (X cubic meters), creating an 8.2% share of total imports. The following importers - South Korea (X cubic meters), Malaysia (X cubic meters), Cambodia (X cubic meters), Turkey (X cubic meters), Taiwan (Chinese) (X cubic meters), Vietnam (X cubic meters) and Japan (X cubic meters) - together made up 18% of total imports.

From 2012 to 2022, average annual rates of growth with regard to veneer sheets imports into China stood at +24.6%. At the same time, Cambodia (+36.6%), Vietnam (+16.1%), India (+12.5%), Malaysia (+11.8%), Taiwan (Chinese) (+9.9%), Turkey (+6.9%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of +36.6% from 2012-2022. By contrast, Japan (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Cambodia increased by +42 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest veneer sheets importing markets in Asia were China ($X), India ($X) and Vietnam ($X), together accounting for 57% of total imports. South Korea, Malaysia, Cambodia, Japan, Turkey and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

Cambodia, with a CAGR of +47.0%, saw 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

In 2022, the import price in Asia amounted to $X per cubic meter, shrinking by -6.2% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2017 when the import price increased by 17% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 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 Vietnam ($X per cubic meter), while China ($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 Cambodia (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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