Report Update: May 1, 2024

Thailand - Fiber Board Of Wood Or Other Ligneous Materials - Market Analysis, Forecast, Size, Trends and Insights

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Fiberboard Price in Thailand - 2023

Fiberboard Price in Thailand (FOB) - 2023

The average fiberboard export price stood at $51.9 per cubic meter in September 2023, increasing by 1.7% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 4.8% month-to-month. As a result, the export price reached the peak level of $55.6 per cubic meter. From December 2022 to September 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In September 2023, the countries with the highest prices were Vietnam ($59.2 per cubic meter) and South Korea ($53.1 per cubic meter), while the average price for exports to Egypt ($46.3 per cubic meter) and Saudi Arabia ($48.2 per cubic meter) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (-0.0%), while the prices for the other major destinations experienced a decline.

Fiberboard Price in Thailand (CIF) - 2022

In 2022, the average fiberboard import price amounted to $154 per cubic meter, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($202 per cubic meter), while the price for Indonesia ($109 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Fiberboard Exports in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of fiber board of wood or other ligneous materials, when their volume decreased by -5.1% to 14M cubic meters. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Over the period under review, the exports hit record highs at 15M cubic meters in 2021, and then reduced in the following year.

In value terms, fiberboard exports dropped modestly to $844M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $846M, leveling off in the following year.

Export of Fiberboard in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	58.8	120	202	219	55.0%
Saudi Arabia	135	135	165	189	11.9%
Egypt	50.0	42.5	75.0	83.9	18.8%
Vietnam	88.6	88.1	80.8	61.7	-11.4%
South Korea	39.7	25.5	32.4	31.8	-7.1%
United States	16.9	12.4	19.1	26.5	16.2%
Lebanon	6.8	4.8	12.7	26.2	56.8%
Kuwait	14.1	14.4	35.0	21.4	14.9%
Malaysia	13.1	32.7	22.9	16.6	8.2%
Israel	13.4	7.9	18.8	15.9	5.9%
India	19.0	10.8	8.7	15.1	-7.4%
Jordan	5.7	4.5	7.7	13.0	31.6%
Algeria	5.9	4.6	13.3	11.2	23.8%
Others	127	109	152	113	-3.8%
Total	594	613	846	844	12.4%

Top Export Markets for Fiberboard from Thailand in 2022:

United Arab Emirates (3.9M cubic meters)
Saudi Arabia (3.3M cubic meters)
Egypt (1.5M cubic meters)
Vietnam (0.9M cubic meters)
Lebanon (0.5M cubic meters)
South Korea (0.5M cubic meters)
Israel (0.3M cubic meters)
Malaysia (0.3M cubic meters)
Kuwait (0.3M cubic meters)
Algeria (0.2M cubic meters)
India (0.2M cubic meters)
United States (0.2M cubic meters)
Jordan (0.2M cubic meters)

Fiberboard Imports in Thailand

In 2022, supplies from abroad of fiber board of wood or other ligneous materials decreased by -18.6% to 81K cubic meters, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 9.7% against the previous year. As a result, imports attained the peak of 104K cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, fiberboard imports declined slightly to $13M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4% against the previous year. Imports peaked at $13M in 2021, and then shrank modestly in the following year.

Import of Fiberboard in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.9	5.3	5.8	5.9	6.4%
Malaysia	2.6	2.0	2.0	1.7	-13.2%
Indonesia	0.7	1.1	1.4	1.2	19.7%
Poland	0.5	0.6	0.8	0.8	17.0%
Germany	1.2	1.0	0.7	0.7	-16.4%
Switzerland	0.3	0.8	0.7	0.5	18.6%
New Zealand	0.6	0.4	0.3	0.2	-30.7%
Others	1.3	1.5	1.3	1.5	4.9%
Total	12.2	12.6	13.0	12.6	1.1%

Top Suppliers of Fiberboard to Thailand in 2022:

China (39.9K cubic meters)
Indonesia (11.0K cubic meters)
Malaysia (10.1K cubic meters)
Poland (4.9K cubic meters)
Germany (3.4K cubic meters)
Switzerland (3.0K cubic meters)
New Zealand (2.0K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fiberboard market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16211423 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness not exceeding 5 mm
Prodcom 16211426 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 5 mm but not exceeding 9 mm
Prodcom 16211429 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 9 mm
Prodcom 16211443 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,8 g/cm.
Prodcom 16211446 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,5 g/cm. but not exceeding 0,8 g/cm.
Prodcom 16211449 - Fibreboard of wood or other ligneous materials (excluding medium density fibreboard [MDF]), whether or not bonded with resins or other organic substances, of a density not exceeding 0,5 g/cm.

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023