Thailand: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Thailand

The Thai market for boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021, with an increase of 28% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.9% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Thailand

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Thailand

For the fifth year in a row, Thailand recorded decline in shipments abroad of boards, sheets, panels, tiles and similar articles of plaster not faced, which decreased by -24.4% to X square meters in 2021. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced declined dramatically to $X in 2021. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 65%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Thailand, with a 46% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X square meters), threefold. Cambodia (X square meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.8% per year) and Cambodia (+82.9% per year).

In value terms, the largest markets for board, sheet, panel, tile and similar article of plaster not faced exported from Thailand were Malaysia ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising 64% of total exports. Cambodia, Myanmar, Maldives and Singapore lagged somewhat behind, together comprising a further 29%.

Cambodia, with a CAGR of +84.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, approximately reflecting the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Thailand

In 2021, imports of boards, sheets, panels, tiles and similar articles of plaster not faced into Thailand skyrocketed to X square meters, growing by 34% compared with the year before. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 208% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced declined to $X in 2021. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 380%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X square meters) was the main supplier of board, sheet, panel, tile and similar article of plaster not faced to Thailand, accounting for a 94% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster not faced from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.1%.

In value terms, China ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster not faced to Thailand, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.6%.

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, falling by -34% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.8%).

Source: IndexBox Platform

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