India: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in India

The Indian wood-based panels market fell to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Wood-based panels consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in India

In value terms, wood-based panels production contracted modestly to $X in 2022 estimated in export price. The total output value 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 pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Wood-based panels production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from India

In 2022, approx. X cubic meters of wood-based panels were exported from India; picking up by X% compared with the year before. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, wood-based panels exports surged to $X in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for wood-based panels exports from India, accounting for a X% share of total exports. Moreover, wood-based panels exports to the United Arab Emirates exceeded the volume sent to the second major destination, Nepal (X cubic meters), twofold. Saudi Arabia (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for wood-based panels exported from India were the United Arab Emirates ($X), Nepal ($X) and the United States ($X), together comprising X% of total exports. Saudi Arabia, Bhutan, Bangladesh, Oman, Egypt, Sri Lanka, Thailand, Iraq, Bahrain and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, which is down by X% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into India

In 2022, approx. X cubic meters of wood-based panels were imported into India; approximately equating the previous year. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood-based panels imports expanded slightly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Gabon (X cubic meters), Indonesia (X cubic meters) and China (X cubic meters) were the main suppliers of wood-based panels imports to India, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Gabon (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 suppliers to India were Indonesia ($X), Gabon ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Gabon, 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 average wood-based panels import price amounted to $X per cubic meter, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while the price for Thailand ($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 Gabon (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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