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South-Eastern Asia - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth-Eastern Asia: Mdf Market 2024
Mdf Market Size in South-Eastern Asia
The Southeast Asian MDF market expanded rapidly to $X in 2021, increasing by 13% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.
Mdf Production in South-Eastern Asia
In value terms, MDF production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 21%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.
Mdf Exports
Exports in South-Eastern Asia
MDF exports expanded sharply to X cubic meters in 2021, with an increase of 7.4% on the year before. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 29%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.
In value terms, MDF exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 26%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.
Exports by Country
Thailand dominates exports structure, accounting for X cubic meters, which was approx. 81% of total exports in 2021. It was distantly followed by Indonesia (X cubic meters) and Malaysia (X cubic meters), together making up a 17% share of total exports. Vietnam (X cubic meters) followed a long way behind the leaders.
Thailand was also the fastest-growing in terms of the MDF exports, with a CAGR of +13.8% from 2012 to 2021. At the same time, Indonesia (+11.1%) and Vietnam (+10.9%) displayed positive paces of growth. By contrast, Malaysia (-7.9%) illustrated a downward trend over the same period. Thailand (+24 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -25.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Thailand ($X) remains the largest MDF supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.1% share.
In Thailand, MDF exports expanded at an average annual rate of +11.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-7.7% per year) and Indonesia (+9.9% per year).
Export Prices by Country
In 2021, the export price in South-Eastern Asia amounted to $X per cubic meter, growing by 15% against the previous year. In general, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 27%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the other leaders experienced mixed trends in the export price figures.
Mdf Imports
Imports in South-Eastern Asia
For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of MDF, which increased by 18% to X cubic meters in 2021. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.
In value terms, MDF imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.4% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.
Imports by Country
Vietnam was the largest importing country with an import of about X cubic meters, which resulted at 59% of total imports. Indonesia (X cubic meters) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (11%), the Philippines (7.8%) and Cambodia (5.8%).
From 2012 to 2021, average annual rates of growth with regard to MDF imports into Vietnam stood at +6.1%. At the same time, Cambodia (+78.4%), Malaysia (+5.7%) and Indonesia (+1.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +78.4% from 2012-2021. The Philippines experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Philippines and Cambodia increased by +7.8 and +5.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Vietnam ($X) constitutes the largest market for imported MDF in South-Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by the Philippines, with an 11% share.
In Vietnam, MDF imports expanded at an average annual rate of +6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-1.1% per year) and the Philippines (+2.6% per year).
Import Prices by Country
In 2021, the import price in South-Eastern Asia amounted to $X per cubic meter, rising by 9.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.8%), while the other leaders experienced mixed trends in the import price figures.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the mdf market in South-Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- Brunei Darussalam
- Cambodia
- Indonesia
- Lao People's Democratic Republic
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Timor-Leste
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in South-Eastern Asia, split by region and country
- Trade (exports and imports) in South-Eastern Asia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Timor-Leste
- Vietnam
- Lao People's Democratic Republic
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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