Indonesia - Plywood - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 17, 2024

Indonesia - Plywood - Market Analysis, Forecast, Size, Trends and Insights

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Plywood Price in Indonesia - 2022

Contents:

  1. Plywood Price in Indonesia (FOB) - 2022
  2. Plywood Price in Indonesia (CIF) - 2022
  3. Plywood Exports in Indonesia
  4. Plywood Imports in Indonesia

Plywood Price in Indonesia (FOB) - 2022

In March 2022, the average plywood export price amounted to $802 per cubic meter, waning by -4.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in May 2021 when the average export price increased by 7.3% m-o-m. Over the period under review, the average export prices reached the peak figure at $850 per cubic meter in December 2021; however, from January 2022 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Australia ($981 per cubic meter), while the average price for exports to Saudi Arabia ($474 per cubic meter) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Price in Indonesia (CIF) - 2022

In March 2022, the average plywood import price amounted to $693 per cubic meter, remaining constant against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2021 when the average import price increased by 24% month-to-month. As a result, import price reached the peak level of $770 per cubic meter. From May 2021 to March 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was South Korea ($2,729 per cubic meter), while the price for Singapore ($303 per cubic meter) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Plywood Exports in Indonesia

In 2022, shipments abroad of plywood decreased by -39.8% to 2.1M cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of 3.5M cubic meters, and then shrank rapidly in the following year.

In value terms, plywood exports reduced notably to $1.8B in 2022. Overall, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 +9.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $2.5B, and then dropped sharply in the following year.

Export of Plywood in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan5734756506031.7%
United States25042488146122.6%
South Korea2522573232550.4%
Malaysia92.465.41211044.0%
Taiwan (Chinese)67.174.758.458.7-4.4%
United Kingdom38.524.556.650.29.2%
Saudi Arabia66.587.845.747.0-10.9%
Australia43.544.561.333.6-8.2%
Singapore36.225.444.531.8-4.2%
India31.321.930.826.1-5.9%
China26.938.128.38.2-32.7%
Others213207217167-7.8%
Total1,6911,7452,5181,8452.9%

Top Export Markets for Plywood from Indonesia in 2022:

  1. Japan (546.4K cubic meters)
  2. United States (489.9K cubic meters)
  3. South Korea (369.9K cubic meters)
  4. Malaysia (173.1K cubic meters)
  5. Taiwan (Chinese) (88.3K cubic meters)
  6. Saudi Arabia (62.5K cubic meters)
  7. Singapore (55.3K cubic meters)
  8. United Kingdom (43.9K cubic meters)
  9. India (33.9K cubic meters)
  10. Australia (33.3K cubic meters)
  11. China (21.0K cubic meters)

Plywood Imports in Indonesia

In 2022, the amount of plywood imported into Indonesia was estimated at 80K cubic meters, increasing by 12% against 2021 figures. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Imports peaked at 90K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plywood imports rose significantly to $52M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Plywood in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China32.125.935.241.38.8%
United States1.11.31.53.242.8%
Vietnam0.80.81.41.831.0%
Russia0.50.40.40.817.0%
Singapore0.40.31.00.40.0%
United Arab Emirates4.92.11.7N/A-41.1%
Others3.74.76.54.78.3%
Total43.535.647.752.26.3%

Top Suppliers of Plywood to Indonesia in 2022:

  1. China (68.5K cubic meters)
  2. Vietnam (4.4K cubic meters)
  3. United States (2.1K cubic meters)
  4. Singapore (1.6K cubic meters)
  5. Russia (1.3K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plywood market in Indonesia. 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 1640 - Plywood

Country coverage:

  • Indonesia

Data coverage:

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