Sri Lanka: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Sri Lanka

The Sri Lankan wood-based panels market declined dramatically to $X in 2022, which is down by X% against the previous year. 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 throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Wood-Based Panels Production in Sri Lanka

In value terms, wood-based panels production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Sri Lanka

In 2022, overseas shipments of wood-based panels decreased by X% to X cubic meters, falling for the ninth year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood-based panels exports shrank to $X in 2022. Overall, exports saw a abrupt contraction. The smallest decline of X% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for wood-based panels exports from Sri Lanka, with a X% share of total exports. Moreover, wood-based panels exports to China exceeded the volume sent to the second major destination, India (X cubic meters), twofold. The third position in this ranking was held by Pakistan (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Pakistan (X% per year).

In value terms, the largest markets for wood-based panels exported from Sri Lanka were India ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price, however, showed a mild descent. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Sri Lanka

In 2022, approx. X cubic meters of wood-based panels were imported into Sri Lanka; reducing by X% compared with 2021. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wood-based panels imports shrank sharply to $X in 2022. Overall, imports showed a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

India (X cubic meters), China (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of wood-based panels imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest wood-based panels suppliers to Sri Lanka were China ($X), India ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for India ($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 Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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