Indonesia: 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 Indonesia

After three years of growth, the Indonesian market for particle board and similar board of ligneous materials (excluding wood) decreased by -3.5% to $X in 2021. In general, consumption recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 6.3%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of particle board and similar board of ligneous materials (excluding wood) shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Indonesia

In 2021, overseas shipments of particle board and similar board of ligneous materials (excluding wood) increased by 16% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 5,804%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) rose markedly to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 6,233%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Thailand (X cubic meters), Vietnam (X cubic meters) and Maldives (X cubic meters) were the main destinations of exports of particle board and similar board of ligneous materials (excluding wood) from Indonesia, with a combined 60% share of total exports. Saudi Arabia, Oman, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +168.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for board of bagasse, bamboo or other particles exported from Indonesia were Vietnam ($X), Thailand ($X) and Saudi Arabia ($X), together comprising 56% of total exports. These countries were followed by Maldives, Oman, Japan and Taiwan (Chinese), which together accounted for a further 30%.

In terms of the main countries of destination, Japan, with a CAGR of +147.1%, saw the highest growth rate of 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 export price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2021, with a decrease of -8.1% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 8.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($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 Vietnam (-0.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Indonesia

Imports of particle board and similar board of ligneous materials (excluding wood) into Indonesia reached X cubic meters in 2021, increasing by 13% against 2020. In general, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 115%. As a result, imports attained the peak of X cubic meters. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) reached $X in 2021. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 128%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X cubic meters), France (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of imports of particle board and similar board of ligneous materials (excluding wood) to Indonesia, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +10.1%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of particle board and similar board of ligneous materials (excluding wood) to Indonesia, comprising 57% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports. It was followed by Malaysia, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.2% per year) and Malaysia (-20.8% per year).

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, with a decrease of -3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2015 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Malaysia ($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 Thailand (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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