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

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