Asia: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in Asia

The Asian oriented strandboard (OSB) market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Oriented Strandboard (Osb) Production in Asia

In value terms, oriented strandboard (OSB) production reached $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Oriented Strandboard (Osb) Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of oriented strandboard (OSB), when their volume decreased by X% to X cubic meters. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then reduced sharply in the following year.

In value terms, oriented strandboard (OSB) exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

China was the key exporter of oriented strandboard (OSB) in Asia, with the volume of exports resulting at X cubic meters, which was approx. X% of total exports in 2022. Malaysia (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest oriented strandboard (OSB) supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In China, oriented strandboard (OSB) exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2022, declining by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Oriented Strandboard (Osb) Imports

Imports in Asia

In 2022, purchases abroad of oriented strandboard (OSB) decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, oriented strandboard (OSB) imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) and Japan (X cubic meters) represented the major importers of oriented strandboard (OSB) in Asia, together constituting X% of total imports. South Korea (X cubic meters) ranks next in terms of the total imports with a X% share, followed by Kazakhstan (X%) and Kyrgyzstan (X%). Turkey (X cubic meters) and Vietnam (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kazakhstan, Turkey, Vietnam and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per cubic meter, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per cubic meter), while Kyrgyzstan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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