Eastern Asia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Eastern Asia

In 2022, the East Asian veneer sheets market increased by 15% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Veneer Sheets Production in Eastern Asia

In value terms, veneer sheets production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Veneer Sheets Exports

Exports in Eastern Asia

In 2022, approx. X cubic meters of veneer sheets were exported in Eastern Asia; which is down by -21.8% compared with the previous year's figure. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, the exports reached the maximum at X cubic meters in 2021, and then fell rapidly in the following year.

In value terms, veneer sheets exports shrank sharply to $X in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2022, China (X cubic meters) represented the main exporter of veneer sheets in Eastern Asia, mixing up 98% of total export.

China was also the fastest-growing in terms of the veneer sheets exports, with a CAGR of +7.9% from 2012 to 2022. From 2012 to 2022, the share of China increased by +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest veneer sheets supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +11.2%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per cubic meter, rising by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2021 when the export price increased by 14% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.0% per year.

Veneer Sheets Imports

Imports in Eastern Asia

In 2022, purchases abroad of veneer sheets increased by 24% to X cubic meters, rising for the fifth consecutive year after three years of decline. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, veneer sheets imports surged to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +55.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China dominates imports structure, accounting for X cubic meters, which was approx. 89% of total imports in 2022. It was distantly followed by South Korea (X cubic meters), achieving a 5.6% share of total imports. Taiwan (Chinese) (X cubic meters) and Japan (X cubic meters) held a little share of total imports.

China was also the fastest-growing in terms of the veneer sheets imports, with a CAGR of +24.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+9.9%) and South Korea (+2.5%) displayed positive paces of growth. By contrast, Japan (-10.7%) illustrated a downward trend over the same period. China (+46 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), South Korea and Japan saw its share reduced by -2%, -13.5% and -30.4% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported veneer sheets in Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Japan, with a 9.8% share.

In China, veneer sheets imports increased at an average annual rate of +14.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-1.1% per year) and Japan (-7.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2022, declining by -6.7% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 22%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a 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 Japan ($X per cubic meter), while China ($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 Japan (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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