Eastern Asia: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Eastern Asia

The East Asian market for boards, sheets, panels, tiles and similar articles of plaster faced with paper was estimated at $X in 2021, approximately equating the previous year. Over the period under review, consumption, however, saw a mild setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Eastern Asia

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16% against the previous year. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports in Eastern Asia

Exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper declined to X square meters in 2021, shrinking by -8.7% against the previous year. Overall, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted to $X in 2021. In general, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

China represented the main exporter of boards, sheets, panels, tiles and similar articles of plaster faced with paper in Eastern Asia, with the volume of exports recording X square meters, which was approx. 78% of total exports in 2021. It was distantly followed by Japan (X square meters), making up an 18% share of total exports. Taiwan (Chinese) (X square meters) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -5.5% from 2012 to 2021. At the same time, Japan (+53.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +53.3% from 2012-2021. By contrast, Taiwan (Chinese) (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest board, sheet, panel and tile faced with paper supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by Japan ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -3.6%. In the other countries, the average annual rates were as follows: Japan (+33.9% per year) and Taiwan (Chinese) (-4.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2021, rising by 3.7% against the previous year. Overall, the export price showed slight growth. The pace of growth appeared the most rapid in 2013 when the export price increased by 27%. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports in Eastern Asia

In 2021, the amount of boards, sheets, panels, tiles and similar articles of plaster faced with paper imported in Eastern Asia surged to X square meters, with an increase of 50% compared with 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 69% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper skyrocketed to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 54% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X square meters) represented the main importer of boards, sheets, panels, tiles and similar articles of plaster faced with paper, generating 68% of total imports. Taiwan (Chinese) (X square meters) ranks second in terms of the total imports with a 15% share, followed by South Korea (8%) and Macao SAR (7.2%).

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper. At the same time, South Korea (+23.1%) and Macao SAR (+11.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.1% from 2012-2021. By contrast, Taiwan (Chinese) (-4.7%) illustrated a downward trend over the same period. While the share of South Korea (+6.8 p.p.), Macao SAR (+4.6 p.p.) and Hong Kong SAR (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-7.8 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster faced with paper in Eastern Asia, comprising 63% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR totaled +4.4%. In the other countries, the average annual rates were as follows: South Korea (+19.7% per year) and Taiwan (Chinese) (-3.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per square meter, which is down by -8.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2017 an increase of 19%. Over the period under review, import prices reached the maximum at $X per square meter in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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