South-Eastern Asia: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in South-Eastern Asia

The Southeast Asian market for boards, sheets, panels, tiles and similar articles of plaster not faced expanded notably to $X in 2021, picking up by 14% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in South-Eastern Asia

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021 estimated in export price. Over the period under review, production showed a tangible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 42%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in South-Eastern Asia

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were exported in South-Eastern Asia; shrinking by -24.2% compared with 2020 figures. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced plummeted to $X in 2021. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 19%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Thailand was the major exporter of boards, sheets, panels, tiles and similar articles of plaster not faced in South-Eastern Asia, with the volume of exports resulting at X square meters, which was approx. 69% of total exports in 2021. Singapore (X square meters) ranks second in terms of the total exports with an 18% share, followed by Malaysia (9.9%). Indonesia (X square meters) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster not faced exports from Thailand stood at -11.5%. At the same time, Singapore (+5.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.3% from 2012-2021. By contrast, Indonesia (-10.9%) and Malaysia (-28.0%) illustrated a downward trend over the same period. While the share of Thailand (+20 p.p.) and Singapore (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-35.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, together accounting for 96% of total exports.

Singapore, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per square meter, rising by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 an increase of 11%. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in South-Eastern Asia

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were imported in South-Eastern Asia; which is down by -18.3% against the year before. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, imports of attained the peak figure at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced contracted to $X in 2021. Over the period under review, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2014 with an increase of 43% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X square meters), distantly followed by Malaysia (X square meters), Myanmar (X square meters), Singapore (X square meters), Thailand (X square meters), Vietnam (X square meters) and Cambodia (X square meters) represented the largest importers of boards, sheets, panels, tiles and similar articles of plaster not faced, together constituting 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by Singapore, with a 10% share.

In the Philippines, imports of boards, sheets, panels, tiles and similar articles of plaster not faced increased at an average annual rate of +16.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+5.3% per year) and Singapore (-13.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2021, rising by 16% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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