Asia: Particle Board Market 2024

Particle Board Market Size in Asia

The Asian particle board market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Particle Board Production in Asia

In value terms, particle board production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Particle Board Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of particle board, when their volume decreased by X% to X cubic meters. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters, and then shrank notably in the following year.

In value terms, particle board exports dropped to $X in 2022. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Thailand was the main exporter of particle board in Asia, with the volume of exports amounting to X cubic meters, which was approx. X% of total exports in 2022. Turkey (X cubic meters) held the second position in the ranking, distantly followed by China (X cubic meters) and Malaysia (X cubic meters). All these countries together took near X% share of total exports. The following exporters - Iran (X cubic meters) and Indonesia (X cubic meters) - each accounted for a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Indonesia (X%), Turkey (X%) and China (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), China (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest particle board supplying countries in Asia were Thailand ($X), China ($X) and Turkey ($X), together comprising X% of total exports. Malaysia, Iran and Indonesia lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, rising by X% against the previous year. Over the last decade, 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, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Iran ($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 mixed trends in the export price figures.

Particle Board Imports

Imports in Asia

In 2022, approx. X cubic meters of particle board were imported in Asia; with a decrease of X% on the year before. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then contracted modestly in the following year.

In value terms, particle board imports expanded rapidly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

South Korea (X cubic meters) and China (X cubic meters) represented roughly X% of total imports in 2022. Uzbekistan (X cubic meters) ranks next in terms of the total imports with an X% share, followed by Japan (X%), Kazakhstan (X%), Malaysia (X%) and Taiwan (Chinese) (X%). The following importers - Azerbaijan (X cubic meters), Kyrgyzstan (X cubic meters), Georgia (X cubic meters), Indonesia (X cubic meters), Vietnam (X cubic meters) and Israel (X cubic meters) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Kazakhstan, Uzbekistan, Taiwan (Chinese), Malaysia, Israel, Vietnam, Azerbaijan, Georgia, Kyrgyzstan and Indonesia lagged somewhat behind, together comprising a further X%.

Uzbekistan, 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, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per cubic meter), while Malaysia ($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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