Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (FOB) - 2024
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (CIF) - 2022
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (FOB) - 2024
In April 2024, the average export price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $515 per cubic meter, with a decrease of -3.9% against the previous month. In general, the export price showed a slight shrinkage. The pace of growth was the most pronounced in July 2023 when the average export price increased by 3.7% against the previous month. The export price peaked at $615 per cubic meter in May 2023; however, from June 2023 to April 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In April 2024, the country with the highest price was the Philippines ($591 per cubic meter), while the average price for exports to Oman ($212 per cubic meter) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (CIF) - 2022
In 2022, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $284 per cubic meter, leveling off at the previous year. In general, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $464 per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 China ($932 per cubic meter), while the price for Thailand ($95 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia
In 2022, shipments abroad of medium density fibreboard (MDF) of thickness under 5 mm was finally on the rise to reach 158K cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible decrease. The exports peaked at 178K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm surged to $91M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 48.9 | 44.3 | 40.5 | 63.1 | 8.9% |
Indonesia | 4.2 | 4.3 | 4.6 | 6.2 | 13.9% |
United States | 3.7 | 3.7 | 2.9 | 4.3 | 5.1% |
Vietnam | 5.3 | 3.1 | 4.4 | 3.4 | -13.8% |
India | 3.8 | 1.9 | 2.3 | 3.3 | -4.6% |
Philippines | 1.8 | 0.6 | 3.4 | 2.9 | 17.2% |
Taiwan (Chinese) | 0.9 | 1.1 | 1.1 | 2.2 | 34.7% |
United Arab Emirates | 1.3 | 0.8 | 1.0 | 1.7 | 9.4% |
Oman | 2.3 | 3.4 | 3.5 | N/A | 23.4% |
Others | 9.6 | 5.8 | 5.4 | 3.8 | -26.6% |
Total | 81.9 | 68.9 | 69.0 | 90.7 | 3.5% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from Malaysia in 2022:
- Japan (99.7K cubic meters)
- Indonesia (16.4K cubic meters)
- India (8.9K cubic meters)
- United States (6.8K cubic meters)
- Vietnam (5.8K cubic meters)
- United Arab Emirates (5.0K cubic meters)
- Philippines (4.8K cubic meters)
- Taiwan (Chinese) (3.6K cubic meters)
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia
In 2022, imports of medium density fibreboard (MDF) of thickness under 5 mm into Malaysia expanded modestly to 43K cubic meters, growing by 1.9% on 2021 figures. Overall, imports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2020 when imports increased by 71% against the previous year. As a result, imports reached the peak of 76K cubic meters. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm expanded to $12M in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 153%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.8 | 1.7 | 4.1 | 8.5 | 67.8% |
Thailand | 3.3 | 13.1 | 6.2 | 2.6 | -7.6% |
Indonesia | 0.8 | 2.1 | 0.8 | 0.6 | -9.1% |
India | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
New Zealand | 0.7 | 0.8 | 0.5 | 0.1 | -47.7% |
Others | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
Total | 7.3 | 18.3 | 12.0 | 12.2 | 18.7% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Malaysia in 2022:
- Thailand (26.9K cubic meters)
- China (9.1K cubic meters)
- Indonesia (4.3K cubic meters)
- India (1.3K cubic meters)
- New Zealand (0.8K cubic meters)
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