Japan: Particle Board Market 2025

Particle Board Market Size in Japan

In 2022, the Japanese particle board market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Particle Board Production in Japan

In value terms, particle board production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Particle Board Exports

Exports from Japan

Particle board exports from Japan reduced markedly to X cubic meters in 2022, waning by -39.5% compared with 2021 figures. In general, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports attained the peak of X cubic meters, and then dropped rapidly in the following year.

In value terms, particle board exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 50%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

The Philippines (X cubic meters), Indonesia (X cubic meters) and China (X cubic meters) were the main destinations of particle board exports from Japan, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +41.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for particle board exported from Japan were the Philippines ($X), China ($X) and Indonesia ($X), with a combined 97% share of total exports.

Indonesia, with a CAGR of +43.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, approximately equating the previous year. In general, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 4.5% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 China ($X per cubic meter), while the average price for exports to the Philippines ($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 Indonesia (+1.8%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into Japan

In 2022, overseas purchases of particle board increased by 19% to X cubic meters, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, particle board imports soared to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X cubic meters), Austria (X cubic meters) and China (X cubic meters) were the main suppliers of particle board imports to Japan, with a combined 54% share of total imports. Malaysia, Germany, Thailand, Vietnam, Romania, Belgium and New Zealand lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +84.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Austria ($X) and China ($X) constituted the largest particle board suppliers to Japan, with a combined 59% share of total imports. Germany, Malaysia, Romania, Thailand, New Zealand, Belgium and Vietnam lagged somewhat behind, together comprising a further 38%.

Romania, with a CAGR of +79.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per cubic meter), while the price for Vietnam ($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 Canada (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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