South-Eastern Asia: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in South-Eastern Asia

The Southeast Asian assembled parquet panels market reduced to $X in 2021, which is down by -9.5% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Assembled Parquet Panels Production in South-Eastern Asia

In value terms, assembled parquet panels production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Assembled Parquet Panels Exports

Exports in South-Eastern Asia

In 2021, the amount of assembled parquet panels exported in South-Eastern Asia soared to X tons, rising by 27% on 2020 figures. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.1% against 2013 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.2% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which recorded 44% of total exports. Vietnam (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (22%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +23.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 96% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +27.1%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 4.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2017 when the export price increased by 6.5% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports in South-Eastern Asia

After two years of decline, overseas purchases of assembled parquet panels increased by 41% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, assembled parquet panels imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, 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

In 2021, Vietnam (X tons), distantly followed by Malaysia (X tons), the Philippines (X tons), Singapore (X tons), Thailand (X tons) and Cambodia (X tons) represented the major importers of assembled parquet panels, together creating 96% of total imports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, together accounting for 68% of total imports. These countries were followed by the Philippines, Thailand, Indonesia and Cambodia, which together accounted for a further 31%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, dropping by -5.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 8.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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