China: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in China

The Chinese oriented strandboard (OSB) market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption enjoyed a significant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Oriented Strandboard (Osb) Production in China

In value terms, oriented strandboard (OSB) production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Oriented Strandboard (Osb) Exports

Exports from China

After two years of growth, shipments abroad of oriented strandboard (OSB) decreased by X% to X cubic meters in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X cubic meters, and then dropped rapidly in the following year.

In value terms, oriented strandboard (OSB) exports dropped dramatically to $X in 2022. In general, exports, however, enjoyed a strong increase. 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, and then contracted sharply in the following year.

Exports by Country

Mongolia (X cubic meters) was the main destination for oriented strandboard (OSB) exports from China, with a X% share of total exports. Moreover, oriented strandboard (OSB) exports to Mongolia exceeded the volume sent to the second major destination, Chile (X cubic meters), fivefold. Japan (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mongolia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Japan (X% per year).

In value terms, the largest markets for oriented strandboard (OSB) exported from China were Mongolia ($X), Japan ($X) and Chile ($X), together comprising X% of total exports. The United States, South Korea, Peru, Vietnam, Thailand, Taiwan (Chinese), Mexico, Malaysia and Australia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oriented strandboard (OSB) export price stood at $X per cubic meter in 2022, shrinking by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price 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, oriented strandboard (OSB) export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while the average price for exports to Mongolia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oriented Strandboard (Osb) Imports

Imports into China

Oriented strandboard (OSB) imports into China stood at X cubic meters in 2022, with an increase of X% compared with 2021. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, oriented strandboard (OSB) imports expanded notably to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia (X cubic meters), Germany (X cubic meters) and Brazil (X cubic meters) were the main suppliers of oriented strandboard (OSB) imports to China, with a combined X% share of total imports.

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

In value terms, Germany ($X), Russia ($X) and Brazil ($X) were the largest oriented strandboard (OSB) suppliers to China, with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oriented strandboard (OSB) import price amounted to $X per cubic meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Thailand ($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 Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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