Asia-Pacific: Hardboard Market Overview 2020

Hardboard Market Size in Asia-Pacific

In 2019, the Asia-Pacific hardboard market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption enjoyed a prominent increase. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Hardboard Production in Asia-Pacific

In value terms, hardboard production rose to $X in 2019 estimated in export prices. In general, production posted a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Production By Country in Asia-Pacific

The country with the largest volume of hardboard production was China (X cubic meters), comprising approx. X% of total volume. Moreover, hardboard production in China exceeded the figures recorded by the second-largest producer, Malaysia (X cubic meters), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume in China amounted to +X%.

Hardboard Exports

Exports in Asia-Pacific

In 2019, approx. X cubic meters of hardboard were exported in Asia-Pacific; growing by X% against the year before. In general, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. The volume of export peaked at X cubic meters in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, hardboard exports expanded significantly to $X in 2019. Over the period under review, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

In 2019, China (X cubic meters) represented the key exporter of hardboard, achieving X% of total exports. It was distantly followed by Thailand (X cubic meters) and Indonesia (X cubic meters), together creating a X% share of total exports. Malaysia (X cubic meters) took a little share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Indonesia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2019. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and China saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

In value terms, China ($X) remains the largest hardboard supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in China stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The hardboard export price in Asia-Pacific stood at $X per cubic meter in 2019, increasing by X% against the previous year. Overall, the export price, however, showed a slight setback. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per cubic meter in 2009; however, from 2010 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in China ($X per cubic meter) and Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) and Indonesia ($X per cubic meter) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Hardboard Imports

Imports in Asia-Pacific

In 2019, supplies from abroad of hardboard increased by X% to X cubic meters, rising for the fourth consecutive year after two years of decline. Total imports indicated a moderate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. The volume of import peaked in 2019 and is expected to retain growth in years to come.

In value terms, hardboard imports expanded slightly to $X in 2019. Total imports indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. The level of import peaked in 2019 and is expected to retain growth in the immediate term.

Imports by Country

In 2019, Australia (X cubic meters), China (X cubic meters) and India (X cubic meters) was the largest importer of hardboard in Asia-Pacific, creating X% of total import. It was distantly followed by South Korea (X cubic meters), Malaysia (X cubic meters), Taiwan, Chinese (X cubic meters) and Viet Nam (X cubic meters), together constituting a X% share of total imports.

From 2007 to 2019, the biggest increases were in Viet Nam, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and India ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The hardboard import price in Asia-Pacific stood at $X per cubic meter in 2019, remaining relatively unchanged against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China ($X per cubic meter), while India ($X per cubic meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hardboard in Asia-Pacific?

+

The country with the largest volume of hardboard consumption was China (5.9M cubic meters), comprising approx. 89% of total volume. Moreover, hardboard consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia (242K cubic meters), more than tenfold. The third position in this ranking was occupied by India (132K cubic meters), with a 2% share.

What are the largest producers of hardboard in Asia-Pacific?

+

China (6.1M cubic meters) remains the largest hardboard producing country in Asia-Pacific, comprising approx. 91% of total volume. Moreover, hardboard production in China exceeded the figures recorded by the second-largest producer, Malaysia (223K cubic meters), more than tenfold.

What are the leading suppliers of hardboard in Asia-Pacific?

+

In value terms, China ($118M) remains the largest hardboard supplier in Asia-Pacific, comprising 71% of total exports. The second position in the ranking was occupied by Thailand ($27M), with a 16% share of total exports. It was followed by Indonesia, with a 4.8% share.

What are the leading importers of hardboard in Asia-Pacific?

+

In value terms, China ($55M), Australia ($55M) and India ($30M) constituted the countries with the highest levels of imports in 2019, together comprising 58% of total imports.

What is the average export price for hardboard in Asia-Pacific?

+

In 2019, the hardboard export price in Asia-Pacific amounted to $517 per cubic meter, surging by 2.3% against the previous year.

What is the average import price for hardboard in Asia-Pacific?

+

The hardboard import price in Asia-Pacific stood at $726 per cubic meter in 2019, stabilizing at the previous year.