Report Update: Apr 1, 2024

Vietnam - Particle Board - Market Analysis, Forecast, Size, Trends and Insights

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Particle Board Price in Vietnam - 2021

Particle Board Price in Vietnam (CIF) - 2021

In December 2021, the average particle board import price amounted to $356 per cubic meter, increasing by 3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2021 an increase of 36% month-to-month. Over the period under review, average import prices reached the peak figure at $375 per cubic meter in February 2021; however, from March 2021 to December 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Malaysia ($396 per cubic meter) and Indonesia ($396 per cubic meter), while the price for Spain ($334 per cubic meter) and Thailand ($346 per cubic meter) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Canada (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Particle Board Price in Vietnam (FOB) - 2022

The average particle board export price stood at $355 per cubic meter in 2022, surging by 15% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cambodia ($383 per cubic meter) and Malaysia ($359 per cubic meter), while the average price for exports to China ($351 per cubic meter) and Japan ($359 per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports in Vietnam

In 2022, purchases abroad of particle board decreased by -37% to 139K cubic meters, falling for the second consecutive year after two years of growth. In general, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 6.2% against the previous year. As a result, imports reached the peak of 306K cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, particle board imports fell rapidly to $61M in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 6.6%. As a result, imports attained the peak of $85M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Particle Board in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	23.0	32.0	35.4	38.1	18.3%
China	9.9	10.7	16.1	10.0	0.3%
Malaysia	11.6	12.7	14.1	9.9	-5.1%
Indonesia	1.9	1.1	0.3	1.2	-14.2%
Spain	N/A	N/A	1.0	1.2	20.0%
United States	16.1	15.3	7.5	0.1	-81.6%
Canada	15.6	11.8	4.3	N/A	-47.5%
Others	1.2	1.0	0.9	0.3	-37.0%
Total	79.4	84.6	79.6	60.7	-8.6%

Top Suppliers of Particle Board to Vietnam in 2022:

Thailand (85.8K cubic meters)
Malaysia (24.4K cubic meters)
China (22.9K cubic meters)
Indonesia (2.6K cubic meters)
Spain (2.6K cubic meters)
United States (0.1K cubic meters)

Particle Board Exports in Vietnam

In 2022, exports of particle board from Vietnam surged to 51K cubic meters, rising by 24% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, particle board exports skyrocketed to $18M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +86.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Particle Board in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	7.5	5.5	6.1	9.6	8.6%
China	2.4	1.1	3.4	5.7	33.4%
Cambodia	3.1	1.9	1.6	1.4	-23.3%
Malaysia	0.4	0.5	0.6	1.0	35.7%
Others	0.8	0.7	0.9	0.2	-37.0%
Total	14.1	9.7	12.6	18.0	8.5%

Top Export Markets for Particle Board from Vietnam in 2022:

Japan (26.8K cubic meters)
China (16.3K cubic meters)
Cambodia (3.7K cubic meters)
Malaysia (2.9K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the particle board 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 1697 - Particle board
FCL 1606 - OSB

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:

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