Indonesia: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Indonesia

The Indonesian wood-based panels market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Wood-based panels consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Indonesia

In value terms, wood-based panels production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wood-Based Panels Exports

Exports from Indonesia

After two years of growth, shipments abroad of wood-based panels decreased by X% to X cubic meters in 2022. In general, exports saw a perceptible reduction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports dropped significantly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Japan (X cubic meters), the United States (X cubic meters) and South Korea (X cubic meters) were the main destinations of wood-based panels exports from Indonesia, with a combined X% share of total exports. Malaysia, India, Egypt, Taiwan (Chinese), Saudi Arabia, Iran, Singapore, Iraq, the UK and China lagged somewhat behind, together comprising a further X%.

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

In value terms, Japan ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for wood-based panels exported from Indonesia worldwide, together accounting for X% of total exports. Malaysia, India, Taiwan (Chinese), Saudi Arabia, the UK, Singapore, Egypt, Iran, Iraq and China lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of 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 wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Egypt ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Indonesia

In 2022, approx. X cubic meters of wood-based panels were imported into Indonesia; shrinking by X% against the previous year. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wood-based panels imports dropped to $X in 2022. Overall, imports showed a mild decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X cubic meters), China (X cubic meters) and New Zealand (X cubic meters) were the main suppliers of wood-based panels imports to Indonesia, together comprising X% of total imports. Malaysia and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline.

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and New Zealand (X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a prominent increase 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, wood-based panels import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

Source: IndexBox Platform

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