India: Particle Board Market 2024

Particle Board Market Size in India

The Indian particle board market rose slightly to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Particle Board Production in India

In value terms, particle board production rose slightly to $X in 2022 estimated in export price. In general, production recorded a prominent increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Particle Board Exports

Exports from India

In 2022, overseas shipments of particle board increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, particle board exports skyrocketed to $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X cubic meters), Nepal (X cubic meters) and Sri Lanka (X cubic meters) were the main destinations of particle board exports from India, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Nepal ($X) and Sri Lanka ($X) constituted the largest markets for particle board exported from India worldwide, together comprising X% of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 particle board export price stood at $X per cubic meter in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to Mozambique ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into India

In 2022, supplies from abroad of particle board was finally on the rise to reach X cubic meters after two years of decline. Overall, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, particle board imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X cubic meters), Malaysia (X cubic meters) and Bangladesh (X cubic meters) were the main suppliers of particle board imports to India, together comprising X% of total imports. Bhutan, Germany, Romania and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest particle board suppliers to India were Thailand ($X), Malaysia ($X) and Germany ($X), together accounting for X% of total imports. Bhutan, China, Bangladesh and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Bangladesh ($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 China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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