Australia: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Australia

The Australian wood-based panels market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Wood-Based Panels Production in Australia

In value terms, wood-based panels production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Australia

In 2022, the amount of wood-based panels exported from Australia rose markedly to X cubic meters, growing by X% compared with 2021 figures. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X cubic meters) was the main destination for wood-based panels exports from Australia, accounting for a X% share of total exports. Moreover, wood-based panels exports to New Zealand exceeded the volume sent to the second major destination, Japan (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for wood-based panels exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the export price, however, posted a measured increase. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while the average price for exports to the UK ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in overseas purchases of wood-based panels, when their volume decreased by X% to X cubic meters. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X cubic meters in 2021, and then contracted markedly in the following year.

In value terms, wood-based panels imports dropped to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

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

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

In value terms, China ($X) constituted the largest supplier of wood-based panels to Australia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled 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

The average wood-based panels import price stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per cubic meter), while the price for New Zealand ($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 South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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