Australia: 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 Australia

The Australian market for particle board and similar board of ligneous materials (excluding wood) reduced modestly to $X in 2021, with a decrease of -4.3% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

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

In value terms, production of particle board and similar board of ligneous materials (excluding wood) dropped slightly to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 95% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports from Australia

For the third year in a row, Australia recorded growth in overseas shipments of particle board and similar board of ligneous materials (excluding wood), which increased by 10% to X cubic meters in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 512%. Over the period under review, the exports of hit record highs at X cubic meters in 2017; however, from 2018 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) skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 266% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X cubic meters) was the main destination for exports of particle board and similar board of ligneous materials (excluding wood) from Australia, with a 92% share of total exports. It was followed by Vietnam (X cubic meters), with a 2.7% share of total exports. The third position in this ranking was held by New Zealand (X cubic meters), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+198.1% per year) and New Zealand (-3.9% per year).

In value terms, Japan ($X) remains the key foreign market for particle board and similar board of ligneous materials (excluding wood) exports from Australia, comprising 78% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total exports. It was followed by New Zealand, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+201.1% per year) and New Zealand (-4.6% per year).

Export Prices by Country

In 2021, the average export price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, with an increase of 33% against the previous year. In general, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 66%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2021, after three years of growth, there was significant decline in supplies from abroad of particle board and similar board of ligneous materials (excluding wood), when their volume decreased by -24.5% to X cubic meters. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 51%. Over the period under review, imports of reached the maximum at X cubic meters in 2020, and then fell sharply in the following year.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) rose sharply to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X cubic meters), the Netherlands (X cubic meters) and Singapore (X cubic meters) were the main suppliers of imports of particle board and similar board of ligneous materials (excluding wood) to Australia, with a combined 94% share of total imports. Italy, Belgium and China lagged somewhat behind, together comprising a further 6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +102.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Singapore ($X) and the Netherlands ($X) constituted the largest board of bagasse, bamboo or other particles suppliers to Australia, together comprising 82% of total imports. These countries were followed by China, Italy and Belgium, which together accounted for a further 18%.

In terms of the main suppliers, Italy, with a CAGR of +156.1%, 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

The average import price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2021, rising by 44% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 63%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Belgium ($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 Italy (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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