Japan: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Japan

The Japanese wood-based panels market reduced modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Japan

In value terms, wood-based panels production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Wood-based panels production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Japan

In 2022, the amount of wood-based panels exported from Japan reduced modestly to X cubic meters, waning by X% compared with the year before. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2021, and then dropped slightly in the following year.

In value terms, wood-based panels exports surged to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X cubic meters) was the main destination for wood-based panels exports from Japan, accounting for a X% share of total exports. Moreover, wood-based panels exports to the Philippines exceeded the volume sent to the second major destination, China (X cubic meters), more than tenfold. The third position in this ranking was held by Indonesia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for wood-based panels exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, jumping by X% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Indonesia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Wood-Based Panels Imports

Imports into Japan

In 2022, approx. X cubic meters of wood-based panels were imported into Japan; with a decrease of X% on the previous year. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wood-based panels imports reached $X in 2022. Overall, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X cubic meters), Indonesia (X cubic meters) and China (X cubic meters) were the main suppliers of wood-based panels imports to Japan, together accounting for X% of total imports. New Zealand, Canada, Austria, Vietnam and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood-based panels suppliers to Japan were Indonesia ($X), Malaysia ($X) and China ($X), with a combined X% share of total imports. New Zealand, Canada, Austria, Vietnam and Russia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 wood-based panels import price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 Indonesia ($X per cubic meter), while the price for Russia ($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 Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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