Malaysia: Veneer Sheet Market 2025

Veneer Sheet Market Size in Malaysia

After two years of growth, the Malaysian veneer sheet market decreased by -29.4% to $X in 2022. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Veneer Sheet Production in Malaysia

In value terms, veneer sheet production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 125%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports from Malaysia

In 2022, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 44% to X square meters, rising for the second consecutive year after two years of decline. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, veneer sheet exports reached $X in 2022. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 3.2% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X square meters), China (X square meters) and South Korea (X square meters) were the main destinations of veneer sheet exports from Malaysia, with a combined 70% share of total exports. These countries were followed by the Philippines, Japan, India, the United States and Australia, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for veneer sheet exported from Malaysia were Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X), with a combined 56% share of total exports. China, India, the Philippines, the United States and Australia lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, India, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, reducing by -29.6% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-7.6%), while the prices for the other major destinations experienced a decline.

Veneer Sheet Imports

Imports into Malaysia

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -22.7% to X square meters for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 101%. Over the period under review, imports attained the maximum at X square meters in 2021, and then contracted remarkably in the following year.

In value terms, veneer sheet imports declined to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 75%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X square meters), China (X square meters) and Australia (X square meters) were the main suppliers of veneer sheet imports to Malaysia, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +78.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Malaysia, comprising 38% of total imports. The second position in the ranking was held by Brazil ($X), with a 19% share of total imports. It was followed by Australia, with a 10% share.

From 2012 to 2022, 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: Brazil (+53.6% per year) and Australia (-12.1% per year).

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($X per square meter), while the price for New Zealand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :