Southern Asia: Veneer Sheets Market 2025

Veneer Sheets Market Size in Southern Asia

The South Asian veneer sheets market shrank modestly to $X in 2022, reducing by -4% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.1% against 2020 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

Veneer Sheets Production in Southern Asia

In value terms, veneer sheets production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of veneer sheets, which increased by 7.8% to X cubic meters in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 272%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, veneer sheets exports surged to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 79% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

India was the main exporter of veneer sheets in Southern Asia, with the volume of exports amounting to X cubic meters, which was near 82% of total exports in 2022. It was distantly followed by Sri Lanka (X cubic meters), comprising an 18% share of total exports.

Exports from India increased at an average annual rate of +15.2% from 2012 to 2022. At the same time, Sri Lanka (+68.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +68.6% from 2012-2022. From 2012 to 2022, the share of Sri Lanka increased by +17 percentage points.

In value terms, India ($X) remains the largest veneer sheets supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +9.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2022, increasing by 12% against the previous year. In general, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 an increase of 37%. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 India ($X per cubic meter), while Sri Lanka amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.9%).

Veneer Sheets Imports

Imports in Southern Asia

In 2022, approx. X cubic meters of veneer sheets were imported in Southern Asia; waning by -12% on 2021. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 64%. Over the period under review, imports attained the maximum at X cubic meters in 2021, and then contracted in the following year.

In value terms, veneer sheets imports dropped to $X in 2022. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 80%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

India dominates imports structure, resulting at X cubic meters, which was approx. 86% of total imports in 2022. It was distantly followed by Nepal (X cubic meters), mixing up a 9.8% share of total imports. The following importers - Bangladesh (X cubic meters) and Pakistan (X cubic meters) - each reached a 3.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to veneer sheets imports into India stood at +12.5%. At the same time, Nepal (+36.6%), Bangladesh (+17.5%) and Pakistan (+13.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +36.6% from 2012-2022. Nepal (+8.3 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -7.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported veneer sheets in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Nepal ($X), with a 6.2% share of total imports. It was followed by Bangladesh, with a 3.3% share.

In India, veneer sheets imports increased at an average annual rate of +17.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+18.4% per year) and Bangladesh (+23.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, growing by 2.9% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets import price increased by +8.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 14%. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2022, 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 Bangladesh ($X per cubic meter), while Nepal ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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