Eastern Asia: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Eastern Asia

In 2021, after two years of growth, there was significant decline in the East Asian assembled parquet panels market, when its value decreased by -8.2% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Assembled Parquet Panels Production in Eastern Asia

In value terms, assembled parquet panels production declined to $X in 2021 estimated in export price. Overall, production showed a slight curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Assembled Parquet Panels Exports

Exports in Eastern Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of assembled parquet panels, when their volume increased by 33% to X tons. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 89%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, assembled parquet panels exports surged to $X in 2021. In general, exports, however, continue to indicate a deep reduction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 6.1% share of total exports. The following exporters - Japan (X tons) and Hong Kong SAR (X tons) - together made up 6.1% of total exports.

From 2012 to 2021, average annual rates of growth with regard to assembled parquet panels exports from China stood at -10.6%. At the same time, Japan (+27.9%) and Hong Kong SAR (+17.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +27.9% from 2012-2021. By contrast, Taiwan (Chinese) (-1.4%) illustrated a downward trend over the same period. While the share of Japan (+3.6 p.p.), Taiwan (Chinese) (+3.3 p.p.) and Hong Kong SAR (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-10.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest assembled parquet panels supplier in Eastern Asia, comprising 79% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by Japan, with a 4.6% share.

In China, assembled parquet panels exports contracted by an average annual rate of -15.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-1.7% per year) and Japan (+22.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 8.2% against the previous year. In general, the export price, however, recorded a perceptible downturn. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the other leaders experienced a decline in the export price figures.

Assembled Parquet Panels Imports

Imports in Eastern Asia

In 2021, the amount of assembled parquet panels imported in Eastern Asia rose sharply to X tons, surging by 8.6% against 2020 figures. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, assembled parquet panels imports amounted to $X in 2021. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 65%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons), South Korea (X tons) and Japan (X tons) represented the main importer of assembled parquet panels in Eastern Asia, making up 78% of total import. It was distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together achieving a 17% share of total imports. Macao SAR (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest assembled parquet panels importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), with a combined 86% share of total imports.

China, with a CAGR of +25.1%, 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 2021, the import price in Eastern Asia amounted to $X per ton, surging by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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