Thailand: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Thailand

The Thai market for boards, sheets, panels, tiles and similar articles of plaster faced with paper reached $X in 2021, growing by 15% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Thailand

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports from Thailand

In 2021, shipments abroad of boards, sheets, panels, tiles and similar articles of plaster faced with paper decreased by -1.7% to X square meters, falling for the third year in a row after three years of growth. Over the period under review, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% 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 decreased by -33.6% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper declined modestly to $X in 2021. In general, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Cambodia (X square meters), the Philippines (X square meters) and Singapore (X square meters) were the main destinations of exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Thailand, with a combined 53% share of total exports. Malaysia, Myanmar, Lao People's Democratic Republic, India, Tanzania, Vietnam, Hong Kong SAR and New Zealand lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +100.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster faced with paper exports from Thailand, comprising 30% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Singapore, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Cambodia totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-1.6% per year) and Singapore (+6.6% per year).

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports into Thailand

In 2021, purchases abroad of boards, sheets, panels, tiles and similar articles of plaster faced with paper increased by 57% to X square meters, rising for the second year in a row after four years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 132% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper skyrocketed to $X in 2021. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2020 when imports increased by 112%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest board, sheet, panel and tile faced with paper supplier to Thailand, accounting for a 54% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X square meters), twofold. Indonesia (X square meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+22.1% per year) and Indonesia (-22.4% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Denmark ($X) constituted the largest board, sheet, panel and tile faced with paper suppliers to Thailand, with a combined 76% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +30.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, increasing by 30% against the previous year. In general, the import price posted a resilient expansion. The growth pace was the most rapid in 2016 an increase of 63%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+64.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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