South-Eastern Asia: Fromwork Market 2025

Fromwork Market Size in South-Eastern Asia

In 2022, the Southeast Asian fromwork market increased by 5.7% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Fromwork Production in South-Eastern Asia

In value terms, fromwork production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Fromwork Exports

Exports in South-Eastern Asia

Fromwork exports soared to X tons in 2022, increasing by 47% compared with the year before. Overall, exports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, fromwork exports surged to $X in 2022. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Vietnam was the major exporting country with an export of about X tons, which reached 73% of total exports. It was distantly followed by Malaysia (X tons), creating a 21% share of total exports. Singapore (X tons) and Indonesia (X tons) took a minor share of total exports.

Vietnam was also the fastest-growing in terms of the shuttering for concrete constructional work, shingles and shakes, of wood exports, with a CAGR of +46.5% from 2012 to 2022. At the same time, Singapore (+4.3%) displayed positive paces of growth. By contrast, Indonesia (-3.6%) and Malaysia (-10.1%) illustrated a downward trend over the same period. While the share of Vietnam (+71 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-2.3 p.p.) and Malaysia (-67.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest fromwork supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total exports. It was followed by Singapore, with a 3.7% share.

In Vietnam, fromwork exports expanded at an average annual rate of +42.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-8.2% per year) and Singapore (+6.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the export price increased by 18%. The level of export peaked in 2022 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 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%), while the other leaders experienced more modest paces of growth.

Fromwork Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of shuttering for concrete constructional work, shingles and shakes, of wood were finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, showed a pronounced curtailment. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fromwork imports skyrocketed to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 172% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the key importer of shuttering for concrete constructional work, shingles and shakes, of wood in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. 70% of total imports in 2022. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Cambodia (X tons), together constituting a 25% share of total imports. Lao People's Democratic Republic (X tons) took a little share of total imports.

Malaysia was also the fastest-growing in terms of the shuttering for concrete constructional work, shingles and shakes, of wood imports, with a CAGR of +22.4% from 2012 to 2022. At the same time, Indonesia (+18.8%), Cambodia (+17.3%), Thailand (+5.8%) and Lao People's Democratic Republic (+2.5%) displayed positive paces of growth. Malaysia (+64 p.p.), Indonesia (+8.8 p.p.), Thailand (+5.7 p.p.) and Cambodia (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported shuttering for concrete constructional work, shingles and shakes, of wood in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by Indonesia, with a 9.6% share.

In Malaysia, fromwork imports increased at an average annual rate of +10.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+18.2% per year) and Indonesia (+9.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -42.8% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the import price increased by 205%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform