Southern Asia: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Southern Asia

In 2022, the South Asian wood-based panels market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% 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 attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Southern Asia

In value terms, wood-based panels production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Wood-Based Panels Exports

Exports in Southern Asia

In 2022, approx. X cubic meters of wood-based panels were exported in Southern Asia; increasing by X% on 2021. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, wood-based panels exports surged to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X cubic meters) was the main exporter of wood-based panels, committing X% of total exports. It was distantly followed by Pakistan (X cubic meters), generating a X% share of total exports. Nepal (X cubic meters), Sri Lanka (X cubic meters) and Bangladesh (X cubic meters) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Nepal and Bangladesh increased by X, X and X percentage points, respectively.

In value terms, India ($X) remains the largest wood-based panels supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Nepal (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. 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 Nepal ($X per cubic meter), while Bangladesh ($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 Nepal (X%), while the other leaders experienced a decline in the export price figures.

Wood-Based Panels Imports

Imports in Southern Asia

In 2022, wood-based panels imports in Southern Asia declined slightly to X cubic meters, dropping by X% against 2021 figures. Total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood-based panels imports shrank to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India represented the key importing country with an import of around X cubic meters, which resulted at X% of total imports. Afghanistan (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%). Bangladesh (X cubic meters), Sri Lanka (X cubic meters), Pakistan (X cubic meters) and Maldives (X cubic meters) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood-based panels imports into India stood at X%. At the same time, Nepal (X%), Afghanistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Maldives experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nepal, India and Afghanistan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported wood-based panels in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per cubic meter), while Afghanistan ($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 Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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