South-Eastern Asia: Wood Parquet Panels Market 2022

Wood Parquet Panels Market Size in South-Eastern Asia

In 2021, the Southeast Asian wood parquet panels market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Parquet Panels Production in South-Eastern Asia

In value terms, wood parquet panels production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Production By Country in South-Eastern Asia

Indonesia (X square meters) remains the largest wood parquet panels producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, wood parquet panels production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X square meters), twofold. Malaysia (X square meters) ranked third in terms of total production with a X% share.

In Indonesia, wood parquet panels production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (+X% per year) and Malaysia (+X% per year).

Wood Parquet Panels Exports

Exports in South-Eastern Asia

Wood parquet panels exports surged to X square meters in 2021, with an increase of X% compared with 2020. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood parquet panels exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X square meters) and Malaysia (X square meters) represented roughly X% of total exports in 2021. It was distantly followed by Vietnam (X square meters), making up a X% share of total exports. Thailand (X square meters) and Cambodia (X square meters) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cambodia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood parquet panels supplying countries in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total exports. Cambodia and Thailand lagged somewhat behind, together accounting for a further X the main exporting countries, Cambodia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Wood Parquet Panels Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of parquet panels of wood (excluding those for mosaic floors) increased by X% to X square meters for the first time since 2018, thus ending a two-year declining trend. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wood parquet panels imports reached $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia was the major importing country with an import of about X square meters, which recorded X% of total imports. It was distantly followed by the Philippines (X square meters), Thailand (X square meters), Singapore (X square meters) and Vietnam (X square meters), together mixing up a X% share of total imports. Indonesia (X square meters) occupied a relatively small share of total imports.

Malaysia was also the fastest-growing in terms of the parquet panels of wood (excluding those for mosaic floors) imports, with a CAGR of +X% from 2012 to 2021. At the same time, the Philippines (+X%) and Vietnam (+X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and Singapore (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.) and the Philippines (+X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Singapore saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported parquet panels of wood (excluding those for mosaic floors) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

In Malaysia, wood parquet panels imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+X% per year) and Singapore (-X% per year).

Source: IndexBox Platform

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