Asia: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Asia

In 2022, the Asian wood-based panels market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Asia

In value terms, wood-based panels production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Wood-Based Panels Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of wood-based panels, when their volume decreased by X% to X cubic meters. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then contracted markedly in the following year.

In value terms, wood-based panels exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X cubic meters) represented the largest exporter of wood-based panels, constituting X% of total exports. Thailand (X cubic meters) took the second position in the ranking, distantly followed by Turkey (X cubic meters), Indonesia (X cubic meters), Malaysia (X cubic meters) and Vietnam (X cubic meters). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood-based panels exports from China stood at X%. At the same time, Vietnam (X%), Turkey (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Turkey (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while China, Indonesia and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest wood-based panels supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Thailand ($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 Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Wood-Based Panels Imports

Imports in Asia

In 2022, wood-based panels imports in Asia shrank to X cubic meters, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X cubic meters, and then declined in the following year.

In value terms, wood-based panels imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X cubic meters), followed by South Korea (X cubic meters), Japan (X cubic meters), Malaysia (X cubic meters), Saudi Arabia (X cubic meters), Vietnam (X cubic meters) and the United Arab Emirates (X cubic meters) were the key importers of wood-based panels, together creating X% of total imports. The following importers - Thailand (X cubic meters), Kazakhstan (X cubic meters), Uzbekistan (X cubic meters), India (X cubic meters), the Philippines (X cubic meters) and Iraq (X cubic meters) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels importing markets in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Vietnam, Malaysia, Saudi Arabia, the United Arab Emirates, India, the Philippines, Uzbekistan, Kazakhstan, Thailand and Iraq lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest growth rate of 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 amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2012; however, from 2013 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 Japan ($X per cubic meter), while Thailand ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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