Vietnam: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in Vietnam

In 2022, the Vietnamese oriented strandboard (OSB) market decreased by X% to $X, falling for the second year in a row after nine years of growth. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Oriented Strandboard (Osb) Production in Vietnam

In value terms, oriented strandboard (OSB) production amounted to $X in 2022 estimated in export price. In general, production faced a sharp slump. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Oriented strandboard (OSB) production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Oriented Strandboard (Osb) Exports

Exports from Vietnam

For the third year in a row, Vietnam recorded decline in shipments abroad of oriented strandboard (OSB), which decreased by X% to X cubic meters in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, oriented strandboard (OSB) exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X cubic meters) was the main destination for oriented strandboard (OSB) exports from Vietnam, with a X% share of total exports. It was followed by China (X cubic meters), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cambodia amounted to X%.

In value terms, Cambodia ($X) remains the key foreign market for oriented strandboard (OSB) exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia amounted to X%.

Export Prices by Country

In 2022, the average oriented strandboard (OSB) export price amounted to $X per cubic meter, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per cubic meter), while the average price for exports to China stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Oriented Strandboard (Osb) Imports

Imports into Vietnam

In 2022, overseas purchases of oriented strandboard (OSB) decreased by X% to X cubic meters, falling for the second consecutive year after six years of growth. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oriented strandboard (OSB) imports fell notably to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest oriented strandboard (OSB) supplier to Vietnam, accounting for a X% share of total imports. Moreover, oriented strandboard (OSB) imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold.

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

In value terms, Malaysia ($X) constituted the largest supplier of oriented strandboard (OSB) to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average oriented strandboard (OSB) import price stood at $X per cubic meter in 2022, remaining constant against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price 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, oriented strandboard (OSB) import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per cubic meter), while the price for Malaysia ($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 Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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