ASEAN: Fiberboard Market 2024

Fiberboard Market Size in ASEAN

In 2022, the ASEAN fiberboard market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fiberboard Production in ASEAN

In value terms, fiberboard production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports in ASEAN

In 2022, after two years of growth, there was decline in overseas shipments of fiber board of wood or other ligneous materials, when their volume decreased by X% to X cubic meters. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then dropped modestly in the following year.

In value terms, fiberboard exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Thailand (X cubic meters) was the key exporter of fiber board of wood or other ligneous materials, committing X% of total exports. Indonesia (X cubic meters) ranks second in terms of the total exports with an X% share, followed by Malaysia (X%). Vietnam (X cubic meters) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the fiber board of wood or other ligneous materials exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest fiberboard supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per cubic meter, picking up by X% against the previous year. In general, the export price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Fiberboard Imports

Imports in ASEAN

In 2022, purchases abroad of fiber board of wood or other ligneous materials increased by X% to X cubic meters, rising for the third year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, fiberboard imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 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 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Vietnam represented the main importer of fiber board of wood or other ligneous materials in ASEAN, with the volume of imports accounting for X cubic meters, which was approx. X% of total imports in 2022. Malaysia (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), the Philippines (X%) and Myanmar (X%). Cambodia (X cubic meters) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fiberboard imports into Vietnam stood at X%. At the same time, Myanmar (X%), Cambodia (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Myanmar (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported fiber board of wood or other ligneous materials in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per cubic meter), while Myanmar ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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