Asia-Pacific: Plywood Market 2024

Plywood Market Size in Asia-Pacific

The Asia-Pacific plywood market fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Plywood Production in Asia-Pacific

In value terms, plywood production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Plywood Exports

Exports in Asia-Pacific

In 2023, plywood exports in Asia-Pacific reduced to X cubic meters, with a decrease of X% compared with 2022 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plywood exports declined dramatically to $X in 2023. Overall, exports saw a relatively flat trend pattern. 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. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, China (X cubic meters) represented the largest exporter of plywood, achieving X% of total exports. Indonesia (X cubic meters) held the second position in the ranking, followed by Vietnam (X cubic meters) and Malaysia (X cubic meters). All these countries together took near X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam and China increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest plywood supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per cubic meter, dropping by X% against the previous year. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2022 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while China ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Plywood Imports

Imports in Asia-Pacific

In 2023, plywood imports in Asia-Pacific reduced to X cubic meters, which is down by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, plywood imports contracted dramatically to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

In 2023, Japan (X cubic meters), South Korea (X cubic meters) and Thailand (X cubic meters) was the main importer of plywood in Asia-Pacific, creating X% of total import. It was distantly followed by Australia (X cubic meters), Malaysia (X cubic meters), Taiwan (Chinese) (X cubic meters), the Philippines (X cubic meters) and Vietnam (X cubic meters), together mixing up a X% share of total imports. China (X cubic meters) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plywood importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Australia ($X), together comprising X% of total imports. The Philippines, Malaysia, Taiwan (Chinese), Vietnam, China and Thailand lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per cubic meter, with a decrease of X% against the previous year. In general, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform