Report Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 27, 2022

Asia - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Wood-Based Panels Market 2022

Wood-Based Panels Market Size in Asia

For the third consecutive year, the Asian wood-based panels market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Wood-Based Panels Production in Asia

In value terms, wood-based panels production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Wood-Based Panels Exports

Exports in Asia

In 2021, shipments abroad of wood-based panels increased by X% to X cubic meters, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, wood-based panels exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X cubic meters), distantly followed by Thailand (X cubic meters), Indonesia (X cubic meters), Turkey (X cubic meters), Malaysia (X cubic meters) and Vietnam (X cubic meters) represented the key exporters of wood-based panels, together mixing up X% of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2021, increasing by X% against the previous year. Overall, the export price, however, showed a mild contraction. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Vietnam ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Wood-Based Panels Imports

Imports in Asia

After five years of growth, supplies from abroad of wood-based panels decreased by -X% to X cubic meters in 2021. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2020, and then fell in the following year.

In value terms, wood-based panels imports expanded significantly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the major importing country with an import of around X cubic meters, which recorded X% of total imports. Japan (X cubic meters) ranks second in terms of the total imports with a X% share, followed by South Korea (X%). China (X cubic meters), Malaysia (X cubic meters), Vietnam (X cubic meters), Taiwan (Chinese) (X cubic meters), the United Arab Emirates (X cubic meters), Uzbekistan (X cubic meters), Thailand (X cubic meters), Kazakhstan (X cubic meters) and India (X cubic meters) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the wood-based panels imports, with a CAGR of +X% from 2012 to 2021. At the same time, Thailand (+X%), Malaysia (+X%), Vietnam (+X%), Uzbekistan (+X%), China (+X%), the United Arab Emirates (+X%), Kazakhstan (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. South Korea and India experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia increased by +X percentage points. The United Arab Emirates (-X p.p.), Taiwan (Chinese) (-X p.p.), China (-X p.p.), South Korea (-X p.p.) and Japan (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported wood-based panels in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Japan, wood-based panels imports decreased by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Vietnam (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2021, jumping by X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per cubic meter), while Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wood-based panels in Asia?
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China remains the largest wood-based panels consuming country in Asia, accounting for 62% of total volume. Moreover, wood-based panels consumption in China exceeded the figures recorded by the second-largest consumer, Saudi Arabia, sevenfold. The third position in this ranking was held by India, with a 6.4% share.
What are the largest producers of wood-based panels in Asia?
+
The country with the largest volume of wood-based panels production was China, comprising approx. 71% of total volume. Moreover, wood-based panels production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Turkey ranked third in terms of total production with a 4.3% share.
What are the leading exporters of wood-based panels in Asia?
+
In value terms, China remains the largest wood-based panels supplier in Asia, comprising 44% of total exports. The second position in the ranking was taken by Indonesia, with a 19% share of total exports. It was followed by Thailand, with a 10% share.
What are the leading importers of wood-based panels in Asia?
+
In value terms, Japan constitutes the largest market for imported wood-based panels in Asia, comprising 20% of total imports. The second position in the ranking was held by South Korea, with a 7.9% share of total imports. It was followed by Vietnam, with a 6.4% share.
What is the average export price for wood-based panels in Asia?
+
In 2021, the export price in Asia amounted to $468 per cubic meter, picking up by 10% against the previous year.
What is the average import price for wood-based panels in Asia?
+
In 2021, the import price in Asia amounted to $216 per cubic meter, picking up by 25% against the previous year.

This report provides an in-depth analysis of the wood-based panels market in Asia. 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:
• FCL 1647 - Hardboard
• FCL 1648 - MDF/HDF
• FCL 1650 - Other fibreboard
• FCL 1697 - Particle board
• FCL 1606 - OSB
• FCL 1640 - Plywood
• FCL 1634 - Veneer sheets
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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