Eastern Asia: Veneer Sheets Market 2024

Veneer Sheets Market Size in Eastern Asia

In 2022, the East Asian veneer sheets market increased by X% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a prominent increase 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 increased by X% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Veneer Sheets Production in Eastern Asia

In value terms, veneer sheets production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Veneer Sheets Exports

Exports in Eastern Asia

In 2022, exports of veneer sheets in Eastern Asia fell significantly to X cubic meters, with a decrease of X% against 2021. Overall, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X cubic meters in 2021, and then contracted rapidly in the following year.

In value terms, veneer sheets exports shrank dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

In 2022, China (X cubic meters) represented the largest exporter of veneer sheets in Eastern Asia, achieving X% of total export.

China was also the fastest-growing in terms of the veneer sheets exports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest veneer sheets supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Asia 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 export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Veneer Sheets Imports

Imports in Eastern Asia

In 2022, supplies from abroad of veneer sheets increased by X% to X cubic meters, rising for the fifth consecutive year after three years of decline. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, veneer sheets imports soared to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

China dominates imports structure, accounting for X cubic meters, which was near X% of total imports in 2022. South Korea (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%). Japan (X cubic meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the veneer sheets imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported veneer sheets in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per cubic meter), while China ($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 Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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