Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (FOB) - 2024
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (CIF) - 2024
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (FOB) - 2024
The average export price for medium density fibreboard (MDF) of thickness under 5 mm stood at $263 per cubic meter in May 2024, declining by -5.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 an increase of 9.9% month-to-month. Over the period under review, the average export prices attained the peak figure at $279 per cubic meter in April 2024, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($687 per cubic meter), while the average price for exports to Malaysia ($222 per cubic meter) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (CIF) - 2024
In May 2024, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $345 per cubic meter, growing by 3.6% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in October 2023 an increase of 34% m-o-m. Over the period under review, average import prices hit record highs at $522 per cubic meter in June 2023; however, from July 2023 to May 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was Indonesia ($406 per cubic meter), while the price for China stood at $342 per cubic meter.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%).
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of medium density fibreboard (MDF) of thickness under 5 mm, which increased by 0.8% to 659K cubic meters in 2022. The total export volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm dropped to $188M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of $205M, and then reduced in the following year.
| Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 25.2 | 16.8 | 27.9 | 33.7 | 10.2% |
| United States | 0.8 | 0.5 | 2.5 | 19.4 | 189.4% |
| Vietnam | 18.9 | 20.2 | 30.3 | 18.8 | -0.2% |
| Malaysia | 5.9 | 18.2 | 14.3 | 16.5 | 40.9% |
| India | 9.7 | 5.7 | 5.0 | 14.2 | 13.5% |
| Mexico | 3.1 | 1.6 | 4.9 | 13.4 | 62.9% |
| United Arab Emirates | 4.4 | 3.3 | 10.8 | 13.2 | 44.2% |
| Kuwait | 2.8 | 3.4 | 10.3 | 10.1 | 53.4% |
| Taiwan (Chinese) | 6.2 | 5.9 | 9.8 | 6.1 | -0.5% |
| South Africa | 4.2 | 3.9 | 5.0 | 5.5 | 9.4% |
| Indonesia | 2.9 | 4.2 | 6.8 | 4.4 | 14.9% |
| Philippines | 2.3 | 0.9 | 1.6 | 3.4 | 13.9% |
| Cambodia | 0.5 | 1.4 | 2.7 | 3.3 | 87.6% |
| Others | 46.6 | 45.3 | 72.7 | 25.7 | -18.0% |
| Total | 134 | 131 | 205 | 188 | 11.9% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from Thailand in 2022:
- South Korea (153.7K cubic meters)
- Malaysia (83.2K cubic meters)
- United Arab Emirates (56.9K cubic meters)
- India (52.0K cubic meters)
- United States (46.9K cubic meters)
- Vietnam (41.4K cubic meters)
- Mexico (39.4K cubic meters)
- Taiwan (Chinese) (25.8K cubic meters)
- Kuwait (22.4K cubic meters)
- South Africa (19.1K cubic meters)
- Indonesia (16.2K cubic meters)
- Cambodia (14.1K cubic meters)
- Philippines (12.2K cubic meters)
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand
After three years of growth, purchases abroad of medium density fibreboard (MDF) of thickness under 5 mm decreased by -9.5% to 3.2K cubic meters in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 45%. Over the period under review, imports of hit record highs at 3.5K cubic meters in 2021, and then fell in the following year.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm contracted slightly to $1.6M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51% against the previous year. Over the period under review, imports of hit record highs at $1.7M in 2021, and then shrank in the following year.
| Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 345 | 639 | 845 | 1,111 | 47.7% |
| Indonesia | 336 | 512 | 494 | 406 | 6.5% |
| New Zealand | 167 | 123 | 73.5 | 76.1 | -23.0% |
| Vietnam | N/A | 9.0 | N/A | 27.1 | 73.5% |
| United Arab Emirates | N/A | N/A | 243 | N/A | 0% |
| Others | 18.6 | 24.2 | 32.3 | 25.9 | 11.7% |
| Total | 867 | 1,308 | 1,688 | 1,647 | 23.8% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Thailand in 2022:
- China (1618.0 cubic meters)
- Indonesia (1280.0 cubic meters)
- New Zealand (185.0 cubic meters)
- Vietnam (54.0 cubic meters)
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