South-Eastern Asia: Particle Board Market 2024

Particle Board Market Size in South-Eastern Asia

The Southeast Asian particle board market declined to $X in 2022, which is down by X% against the previous year. The total consumption indicated a mild expansion 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 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Particle Board Production in South-Eastern Asia

In value terms, particle board production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Particle Board Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of particle board, when their volume decreased by X% to X cubic meters. Total exports indicated a temperate 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. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then fell remarkably in the following year.

In value terms, particle board exports shrank rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Thailand dominates exports structure, amounting to X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X cubic meters), creating a X% share of total exports. Indonesia (X cubic meters) and Vietnam (X cubic meters) took a minor share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest particle board supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($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 in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Indonesia ($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 Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Particle Board Imports

Imports in South-Eastern Asia

After three years of growth, supplies from abroad of particle board decreased by X% to X cubic meters in 2022. Total imports indicated slight growth 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. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2021, and then declined dramatically in the following year.

In value terms, particle board imports fell rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Malaysia represented the main importing country with an import of around X cubic meters, which reached X% of total imports. Indonesia (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), the Philippines (X%) and Myanmar (X%). Singapore (X cubic meters) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to particle board imports into Malaysia stood at X%. At the same time, Myanmar (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), the Philippines (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest particle board importing markets in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and the Philippines ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Myanmar ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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