Asia: Plywood Market 2024

Plywood Market Size in Asia

The Asian plywood market rose notably to $X in 2023, surging by X% against the previous year. In general, consumption, however, saw a noticeable decrease. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Plywood Production in Asia

In value terms, plywood production rose slightly to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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Plywood Exports

Exports in Asia

In 2023, overseas shipments of plywood decreased by X% to X cubic meters, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; 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 exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, plywood exports dropped to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China was the largest exporter of plywood in Asia, with the volume of exports recording X cubic meters, which was near X% of total exports in 2023. Indonesia (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Malaysia (X%).

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2023, waning by X% against the previous year. Overall, the export price recorded a perceptible reduction. 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 at $X per cubic meter in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Plywood Imports

Imports in Asia

In 2023, approx. X cubic meters of plywood were imported in Asia; approximately reflecting the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded 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 2023, the growth of imports remained at a somewhat lower figure.

In value terms, plywood imports shrank to $X in 2023. Over the period under review, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, South Korea (X cubic meters), Thailand (X cubic meters), Japan (X cubic meters), the United Arab Emirates (X cubic meters), Taiwan (Chinese) (X cubic meters), the Philippines (X cubic meters), Vietnam (X cubic meters), Malaysia (X cubic meters), Turkey (X cubic meters), China (X cubic meters), Saudi Arabia (X cubic meters) and Singapore (X cubic meters) was the main importer of plywood in Asia, generating X% of total import. Iraq (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Philippines, Taiwan (Chinese), the United Arab Emirates, Vietnam, Turkey, China, Thailand, Iraq, Saudi Arabia and Singapore lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, recorded 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

The import price in Asia stood at $X per cubic meter in 2023, declining 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%. The level of import peaked at $X per cubic meter in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform