Asia: Particle Board Market 2024

Particle Board Market Size in Asia

After three years of growth, the Asian particle board market decreased by X% to $X in 2023. Over the period under review, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Particle Board Production in Asia

In value terms, particle board production fell rapidly to $X in 2023 estimated in export price. Overall, production, however, saw a strong expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Particle Board Exports

Exports in Asia

In 2023, particle board exports in Asia expanded significantly to X cubic meters, rising by X% against the previous year. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, particle board exports dropped to $X in 2023. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Thailand represented the largest exporting country with an export of about X cubic meters, which accounted for X% of total exports. Turkey (X cubic meters) took the second position in the ranking, distantly followed by China (X cubic meters). All these countries together took approx. X% share of total exports. Malaysia (X cubic meters) and Iran (X cubic meters) held a little share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Iran (X%), Turkey (X%) and China (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest particle board supplying countries in Asia were Thailand ($X), China ($X) and Turkey ($X), with a combined X% share of total exports. Malaysia and Iran lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per cubic meter, with a decrease of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2022, and then shrank sharply in the following year.

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 China ($X per cubic meter), while Thailand ($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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Particle Board Imports

Imports in Asia

In 2023, the amount of particle board imported in Asia amounted to X cubic meters, with an increase of X% against 2022 figures. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, particle board imports dropped to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, 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% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

South Korea (X cubic meters) and China (X cubic meters) represented roughly X% of total imports in 2023. Kazakhstan (X cubic meters) ranks next in terms of the total imports with an X% share, followed by Malaysia (X%), Taiwan (Chinese) (X%), Japan (X%) and Uzbekistan (X%). Vietnam (X cubic meters), Azerbaijan (X cubic meters), Indonesia (X cubic meters), Kyrgyzstan (X cubic meters), Turkey (X cubic meters) and Georgia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Kazakhstan, Uzbekistan, Taiwan (Chinese), Malaysia, Vietnam, Azerbaijan, Turkey, Georgia, Indonesia and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Asia stood at $X per cubic meter in 2023, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per cubic meter), while Kyrgyzstan ($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 Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform