South-Eastern Asia: Wooden Particle Board Market 2024

Wooden Particle Board Market Size in South-Eastern Asia

The Southeast Asian wooden particle board market shrank to $X in 2021, waning by -12.3% against the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Wooden Particle Board Production in South-Eastern Asia

In value terms, wooden particle board production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wooden Particle Board Exports

Exports in South-Eastern Asia

In 2021, approx. X cubic meters of wooden particle board were exported in South-Eastern Asia; picking up by 82% on 2020. Overall, exports posted resilient growth. The growth pace was the most rapid in 2013 when exports increased by 125% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, wooden particle board exports surged to $X in 2021. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, reaching X cubic meters, which was approx. 97% of total exports in 2021. Malaysia (X cubic meters) took a little share of total exports.

Thailand was also the fastest-growing in terms of the wooden particle board exports, with a CAGR of +32.2% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Thailand (+63 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -8.7% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest wooden particle board supplier in South-Eastern Asia, comprising 95% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +24.4%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2021, picking up by 4% against the previous year. In general, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by 50% against the previous year. The level of export peaked at $X per cubic meter in 2016; however, from 2017 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 Malaysia ($X per cubic meter), while Thailand totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-5.9%).

Wooden Particle Board Imports

Imports in South-Eastern Asia

In 2021, wooden particle board imports in South-Eastern Asia soared to X cubic meters, increasing by 45% on the previous year. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 223% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, wooden particle board imports surged to $X in 2021. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 185%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Malaysia was the major importing country with an import of about X cubic meters, which resulted at 73% of total imports. Vietnam (X cubic meters) held the second position in the ranking, followed by Cambodia (X cubic meters). All these countries together held near 18% share of total imports. Indonesia (X cubic meters), the Philippines (X cubic meters) and Singapore (X cubic meters) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the wooden particle board imports, with a CAGR of +30.8% from 2012 to 2021. At the same time, Cambodia (+27.2%), Vietnam (+26.1%) and Singapore (+6.6%) displayed positive paces of growth. By contrast, Indonesia (-17.3%) and the Philippines (-20.3%) illustrated a downward trend over the same period. Malaysia (+50 p.p.), Vietnam (+6.2 p.p.), Cambodia (+3.8 p.p.) and the Philippines (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Indonesia saw its share reduced by -2.5% and -56.9% from 2012 to 2021, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported wooden particle board in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total imports. It was followed by Cambodia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia amounted to +17.7%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+30.2% per year) and Cambodia (+22.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2021, shrinking by -11.6% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2020 an increase of 13%. Over the period under review, import prices hit record highs at $X per cubic meter in 2016; however, from 2017 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 Vietnam ($X per cubic meter), while Malaysia ($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 (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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