South-Eastern Asia: Waferboard Market 2024

Waferboard Market Size in South-Eastern Asia

The Southeast Asian waferboard market declined to $X in 2021, shrinking by -6% against the previous year. In general, consumption recorded a mild contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Waferboard Production in South-Eastern Asia

In value terms, waferboard production fell to $X in 2021 estimated in export price. Over the period under review, production saw a slight curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Waferboard Exports

Exports in South-Eastern Asia

Waferboard exports reached X cubic meters in 2021, rising by 9.8% compared with the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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 +43.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, waferboard exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, recording X cubic meters, which was approx. 91% of total exports in 2021. It was distantly followed by Malaysia (X cubic meters), making up a 6% share of total exports.

Thailand was also the fastest-growing in terms of the waferboards exports, with a CAGR of +7.7% from 2012 to 2021. Malaysia (-7.6%) illustrated a downward trend over the same period. Thailand (+13 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -14.5% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest waferboard supplier in South-Eastern Asia, comprising 88% of total exports. The second position in the ranking was held by Malaysia ($X), with a 7.9% share of total exports.

In Thailand, waferboard exports expanded at an average annual rate of +7.0% over the period from 2012-2021.

Waferboard Imports

Imports in South-Eastern Asia

Waferboard imports soared to X cubic meters in 2021, with an increase of 16% against the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, waferboard imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X cubic meters) was the key importer of waferboards, creating 51% of total imports. It was distantly followed by Vietnam (X cubic meters), Indonesia (X cubic meters) and the Philippines (X cubic meters), together committing a 47% share of total imports.

Imports into Malaysia increased at an average annual rate of +10.5% from 2012 to 2021. At the same time, Vietnam (+14.3%) and the Philippines (+8.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +14.3% from 2012-2021. By contrast, Indonesia (-6.7%) illustrated a downward trend over the same period. While the share of Malaysia (+16 p.p.), Vietnam (+11 p.p.) and the Philippines (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-35.8 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported waferboards in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total imports. It was followed by the Philippines, with an 18% share.

In Malaysia, waferboard imports increased at an average annual rate of +8.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+10.8% per year) and the Philippines (+13.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2021, picking up by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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