Thailand - Waferboard - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Thailand - Waferboard - Market Analysis, Forecast, Size, Trends and Insights

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Waferboard Price in Thailand - 2023

Contents:

  1. Waferboard Price in Thailand (FOB) - 2023
  2. Waferboard Price in Thailand (CIF) - 2023
  3. Waferboard Exports in Thailand
  4. Waferboard Imports in Thailand

Waferboard Price in Thailand (FOB) - 2023

The average waferboard export price stood at $132 per cubic meter in July 2023, flattening at the previous month. Over the period under review, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 2.7% m-o-m. The export price peaked at $155 per cubic meter in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($289 per cubic meter), while the average price for exports to Malaysia ($123 per cubic meter) was amongst the lowest.

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

Waferboard Price in Thailand (CIF) - 2023

In July 2023, the average waferboard import price amounted to $622 per cubic meter, rising by 26% against the previous month. In general, the import price showed a mild expansion. The pace of growth was the most pronounced in November 2022 when the average import price increased by 99% against the previous month. The import price peaked at $1,154 per cubic meter in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,139 per cubic meter), while the price for China ($474 per cubic meter) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Waferboard Exports in Thailand

In 2022, overseas shipments of waferboards decreased by -24.2% to 2.5M cubic meters for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The exports peaked at 3.2M cubic meters in 2021, and then contracted markedly in the following year.

In value terms, waferboard exports plummeted to $363M in 2022. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +14.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $468M, and then shrank sharply in the following year.

Export of Waferboard in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1241072041506.6%
Malaysia44.363.587.255.47.7%
Vietnam21.830.830.832.414.1%
China33.446.953.029.7-3.8%
Taiwan (Chinese)14.715.633.928.224.3%
Indonesia18.413.322.116.9-2.8%
India28.317.18.011.0-27.0%
Others37.324.030.040.22.5%
Total3223184683634.1%

Top Export Markets for Waferboard from Thailand in 2022:

  1. South Korea (1069.2K cubic meters)
  2. Malaysia (407.8K cubic meters)
  3. Vietnam (241.6K cubic meters)
  4. China (198.3K cubic meters)
  5. Taiwan (Chinese) (152.8K cubic meters)
  6. Indonesia (119.9K cubic meters)
  7. India (81.0K cubic meters)

Waferboard Imports in Thailand

For the third year in a row, Thailand recorded decline in purchases abroad of waferboards, which decreased by -5.7% to 3.1K cubic meters in 2022. Overall, imports faced a dramatic curtailment. The smallest decline of -0.4% was in 2020. Imports peaked at 6.3K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, waferboard imports rose slightly to $1.9M in 2022. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 4.6%. As a result, imports reached the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Waferboard in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9406427461,0252.9%
Italy31425555142510.6%
Taiwan (Chinese)324353240229-10.9%
VietnamN/A31.313192.571.9%
Malaysia11711047.216.7-47.7%
Germany75.70.216.913.6-43.6%
Russia83.1539N/AN/A548.6%
Others14416010676.5-19.0%
Total1,9972,0901,8381,878-2.0%

Top Suppliers of Waferboard to Thailand in 2022:

  1. China (1881.0 cubic meters)
  2. Italy (422.0 cubic meters)
  3. Vietnam (405.0 cubic meters)
  4. Taiwan (Chinese) (198.0 cubic meters)
  5. Malaysia (64.0 cubic meters)
  6. Germany (25.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the waferboard 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 16211313 - Particle board, of wood

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:

  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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