Japan: Veneer Sheet Market 2024

Veneer Sheet Market Size in Japan

The Japanese veneer sheet market dropped dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Veneer Sheet Exports

Exports from Japan

After two years of decline, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by X% to X square meters in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports contracted to $X in 2022. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X square meters), Malaysia (X square meters) and Vietnam (X square meters) were the main destinations of veneer sheet exports from Japan, with a combined X% share of total exports. The United States, China, Cambodia, the Philippines and Thailand lagged somewhat behind, together accounting for 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 Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, waning by X% against the previous year. In general, the export price showed a noticeable slump. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2022, the average export prices failed to regain momentum.

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 China ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

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

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Veneer Sheet Imports

Imports into Japan

In 2022, the amount of veneer sheets and sheets for plywood and other wood sawn lengthwise imported into Japan declined rapidly to X square meters, with a decrease of X% on the previous year's figure. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, veneer sheet imports shrank rapidly to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X square meters) constituted the largest supplier of veneer sheet to Japan, with a X% share of total imports. Moreover, veneer sheet imports from Russia exceeded the figures recorded by the second-largest supplier, China (X square meters), sixfold. The third position in this ranking was held by Indonesia (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, China ($X), Russia ($X) and Indonesia ($X) appeared to be the largest veneer sheet suppliers to Japan, together accounting for X% of total imports. Gabon and Malaysia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average veneer sheet import price amounted to $X per square meter, with an increase of X% against the previous year. In general, import price indicated noticeable growth 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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