Vietnam - Hardboard - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Vietnam - Hardboard - Market Analysis, Forecast, Size, Trends and Insights

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Hardboard Price in Vietnam - 2021

Contents:

  1. Hardboard Price in Vietnam (FOB) - 2022
  2. Hardboard Price in Vietnam (CIF) - 2022
  3. Hardboard Exports in Vietnam
  4. Hardboard Imports in Vietnam

Hardboard Price in Vietnam (FOB) - 2022

In 2022, the average hardboard export price amounted to $654 per cubic meter, picking up by 3.8% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard export price decreased by -6.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $699 per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($662 per cubic meter), while the average price for exports to the United States ($506 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 South Korea (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hardboard Price in Vietnam (CIF) - 2022

The average hardboard import price stood at $663 per cubic meter in 2022, reducing by -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $711 per cubic meter, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,104 per cubic meter), while the price for New Zealand ($570 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Hardboard Exports in Vietnam

In 2022, the amount of hardboard exported from Vietnam soared to 16K cubic meters, with an increase of 22% against the previous year's figure. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of 19K cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hardboard exports surged to $10M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 55%. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Hardboard in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3.14.63.54.614.1%
India0.20.30.20.20.0%
United States0.61.20.30.1-45.0%
Others4.26.54.25.48.7%
Total8.112.68.210.48.7%

Top Export Markets for Hardboard from Vietnam in 2022:

  1. South Korea (7.0K cubic meters)
  2. India (0.4K cubic meters)
  3. United States (0.3K cubic meters)

Hardboard Imports in Vietnam

In 2022, overseas purchases of hardboard increased by 10% to 49K cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt setback. Imports peaked at 69K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hardboard imports expanded to $32M in 2022. Overall, imports, however, faced a abrupt shrinkage. Over the period under review, imports reached the peak figure at $45M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Hardboard in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia7.93.93.14.9-14.7%
China3.94.73.94.11.7%
Thailand2.11.82.42.44.6%
Chile0.40.50.60.720.5%
Poland0.40.70.60.57.7%
Germany3.71.72.40.4-52.4%
South Korea0.80.20.10.4-20.6%
Indonesia0.30.30.20.30.0%
New Zealand0.10.30.30.344.2%
Others25.819.218.018.5-10.5%
Total45.433.431.632.5-10.5%

Top Suppliers of Hardboard to Vietnam in 2022:

  1. Malaysia (8.1K cubic meters)
  2. China (6.8K cubic meters)
  3. Thailand (3.8K cubic meters)
  4. Chile (1.2K cubic meters)
  5. South Korea (0.6K cubic meters)
  6. Poland (0.5K cubic meters)
  7. New Zealand (0.5K cubic meters)
  8. Indonesia (0.4K cubic meters)
  9. Germany (0.4K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hardboard market in Vietnam. 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:

  • FCL 1647 - Hardboard

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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