South-Eastern Asia: Plywood Market 2024

Plywood Market Size in South-Eastern Asia

The Southeast Asian plywood market surged to $X in 2023, jumping by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Plywood Production in South-Eastern Asia

In value terms, plywood production expanded notably to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Plywood Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of plywood decreased by X% to X cubic meters for the first time since 2017, thus ending a five-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X cubic meters in 2022, and then fell in the following year.

In value terms, plywood exports shrank to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; 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% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia represented the main exporting country with an export of about X cubic meters, which recorded X% of total exports. Vietnam (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). Thailand (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, 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.

Plywood Imports

Imports in South-Eastern Asia

Plywood imports expanded sharply to X cubic meters in 2023, growing by X% against 2022 figures. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X cubic meters in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, plywood imports contracted to $X in 2023. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Thailand was the largest importing country with an import of about X cubic meters, which reached X% of total imports. It was distantly followed by the Philippines (X cubic meters), Vietnam (X cubic meters), Malaysia (X cubic meters), Singapore (X cubic meters) and Cambodia (X cubic meters), together generating a X% share of total imports. Indonesia (X cubic meters) took a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%), the Philippines (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), the Philippines ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Thailand, Singapore, Cambodia and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, 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 2023, the import price in South-Eastern Asia amounted to $X per cubic meter, with a decrease of X% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform