South Africa: Particle Board Market 2024

Particle Board Market Size in South Africa

The South African particle board market declined modestly to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption 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, consumption decreased by X% against 2020 indices. Particle board consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Particle Board Production in South Africa

In value terms, particle board production expanded to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Particle board production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Particle Board Exports

Exports from South Africa

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. In general, total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, particle board exports totaled $X in 2022. Overall, total exports indicated perceptible 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X cubic meters) was the main destination for particle board exports from South Africa, with a X% share of total exports. Moreover, particle board exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X cubic meters), twofold. The third position in this ranking was held by Botswana (X cubic meters), with a X% share.

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

In value terms, the largest markets for particle board exported from South Africa were Zimbabwe ($X), Namibia ($X) and Botswana ($X), together accounting for X% of total exports. Zambia, Mozambique, Lesotho, Kenya and Australia lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, recorded 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 particle board export price stood at $X per cubic meter in 2022, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($X per cubic meter), while the average price for exports to Australia ($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 Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into South Africa

In 2022, supplies from abroad of particle board decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, particle board imports dropped remarkably to $X in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, Swaziland (X cubic meters) constituted the largest particle board supplier to South Africa, with a X% share of total imports. Moreover, particle board imports from Swaziland exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), sevenfold. The third position in this ranking was held by Turkey (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Swaziland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Turkey (X% per year).

In value terms, Swaziland ($X) constituted the largest supplier of particle board to South Africa, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Swaziland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. 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 reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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