Indonesia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Indonesia

The Indonesian veneer sheets market fell modestly to $X in 2022, standing approx. at the previous year. In general, consumption showed a relatively flat trend pattern. Veneer sheets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheets Production in Indonesia

In value terms, veneer sheets production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when the production volume increased by 72% against the previous year. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Indonesia

In 2022, the amount of veneer sheets exported from Indonesia declined dramatically to X cubic meters, waning by -27% compared with the year before. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 112%. Over the period under review, the exports attained the peak figure at X cubic meters in 2021, and then contracted dramatically in the following year.

In value terms, veneer sheets exports fell to $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

India (X cubic meters) was the main destination for veneer sheets exports from Indonesia, accounting for a 86% share of total exports. It was followed by China (X cubic meters), with a 2.4% share of total exports. The third position in this ranking was held by Malaysia (X cubic meters), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +88.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.6% per year) and Malaysia (+29.4% per year).

In value terms, India ($X) remains the key foreign market for veneer sheets exports from Indonesia, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total exports. It was followed by Japan, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +95.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.4% per year) and Japan (+2.5% per year).

Export Prices by Country

In 2022, the average veneer sheets export price amounted to $X per cubic meter, increasing by 25% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Malaysia ($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 Bangladesh (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Indonesia

In 2022, purchases abroad of veneer sheets increased by 26% to X cubic meters, rising for the fifth consecutive year after five years of decline. Over the period under review, imports posted a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, veneer sheets imports surged to $X in 2022. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X cubic meters) constituted the largest veneer sheets supplier to Indonesia, with a 70% share of total imports. Moreover, veneer sheets imports from China exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), eightfold. The third position in this ranking was held by Russia (X cubic meters), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Russia (+38.6% per year).

In value terms, China ($X) constituted the largest supplier of veneer sheets to Indonesia, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Vietnam, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.5% per year) and Vietnam (+26.2% per year).

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, approximately equating the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets import price increased by +8.3% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2017; however, from 2018 to 2022, 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 Vietnam ($X per cubic meter), while the price for Russia ($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 Vietnam (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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