Southern Asia: Plywood Market 2024

Plywood Market Size in Southern Asia

In 2023, the South Asian plywood market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Plywood Production in Southern Asia

In value terms, plywood production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production 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, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Plywood Exports

Exports in Southern Asia

In 2023, overseas shipments of plywood decreased by X% to X cubic meters for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2022, and then fell slightly in the following year.

In value terms, plywood exports declined to $X in 2023. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, India (X cubic meters) represented the key exporter of plywood, mixing up X% of total exports. It was distantly followed by Pakistan (X cubic meters), generating a X% share of total exports.

India was also the fastest-growing in terms of the plywood exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. From 2012 to 2023, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest plywood supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2023, with a decrease of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Pakistan stood at $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Plywood Imports

Imports in Southern Asia

In 2023, imports of plywood in Southern Asia skyrocketed to X cubic meters, picking up by X% against the year before. Total imports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, plywood imports soared to $X in 2023. Total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, India (X cubic meters) represented the key importer of plywood, mixing up X% of total imports. Maldives (X cubic meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%) and Nepal (X%). Sri Lanka (X cubic meters), Afghanistan (X cubic meters) and Bhutan (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to plywood imports into India stood at X%. At the same time, Nepal (X%), Bangladesh (X%), Maldives (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nepal, Bangladesh, India and Maldives increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plywood in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, plywood imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per cubic meter, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bhutan ($X per cubic meter), while Afghanistan ($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 Bhutan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform