Thailand: Fiberboard Market 2024

Fiberboard Market Size in Thailand

In 2022, the Thai fiberboard market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a noticeable reduction. Fiberboard consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fiberboard Production in Thailand

In value terms, fiberboard production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Fiberboard production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Fiberboard Exports

Exports from Thailand

In 2022, shipments abroad of fiber board of wood or other ligneous materials decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X cubic meters in 2021, and then dropped in the following year.

In value terms, fiberboard exports fell modestly to $X in 2022. In general, total exports indicated a strong 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, exports increased by X% against 2016 indices. 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, leveling off in the following year.

Exports by Country

The United Arab Emirates (X cubic meters), Saudi Arabia (X cubic meters) and Egypt (X cubic meters) were the main destinations of fiberboard exports from Thailand, with a combined X% share of total exports. Vietnam, South Korea, Lebanon, Kuwait, Malaysia, Israel, India, Jordan, Algeria and the United States lagged somewhat behind, together comprising 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 South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fiberboard exported from Thailand were the United Arab Emirates ($X), Saudi Arabia ($X) and Egypt ($X), with a combined X% share of total exports. Vietnam, South Korea, the United States, Lebanon, Kuwait, Malaysia, Israel, India, Jordan and Algeria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, South Korea, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average fiberboard export price amounted to $X per cubic meter, increasing by X% against the previous year. In general, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Algeria ($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 Algeria (X%), while the prices for the other major destinations experienced a decline.

Fiberboard Imports

Imports into Thailand

In 2022, overseas purchases of fiber board of wood or other ligneous materials decreased by X% to X cubic meters, falling for the second year in a row after three years of growth. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fiberboard imports shrank modestly to $X in 2022. Over the period under review, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest supplier of fiberboard to Thailand, accounting for a X% share of total imports. Moreover, fiberboard imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. The third position in this ranking was taken by Malaysia (X cubic meters), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Thailand, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

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

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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