Thailand - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Thailand - 2023
Contents:
- MDF Price in Thailand (FOB) - 2023
- MDF Price in Thailand (CIF) - 2022
- MDF Exports in Thailand
- MDF Imports in Thailand
MDF Price in Thailand (FOB) - 2023
The average MDF export price stood at $243 per cubic meter in July 2023, growing by 2.1% against the previous month. In general, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in May 2023 an increase of 7.1% month-to-month. The export price peaked at $277 per cubic meter in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to Vietnam ($274 per cubic meter) and South Korea ($253 per cubic meter), while the average price for exports to India ($228 per cubic meter) and Saudi Arabia ($232 per cubic meter) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.1%), while the prices for the other major destinations experienced a decline.
MDF Price in Thailand (CIF) - 2022
The average MDF import price stood at $736 per cubic meter in 2022, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($1,371 per cubic meter), while the price for Malaysia ($338 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+40.1%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of MDF, when their volume decreased by -8.8% to 2.6M cubic meters. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. The exports peaked at 2.9M cubic meters in 2021, and then contracted in the following year.
In value terms, MDF exports shrank to $703M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $731M, and then dropped modestly in the following year.
| Export of MDF in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 126 | 134 | 163 | 180 | 12.6% |
| United Arab Emirates | 56.6 | 108 | 184 | 180 | 47.1% |
| Egypt | 37.3 | 30.6 | 53.8 | 61.7 | 18.3% |
| Vietnam | 70.2 | 74.8 | 78.7 | 60.3 | -4.9% |
| South Korea | 35.7 | 24.9 | 28.2 | 30.2 | -5.4% |
| Kuwait | 13.7 | 14.3 | 35.0 | 21.1 | 15.5% |
| Israel | 12.8 | 7.5 | 18.6 | 15.5 | 6.6% |
| Cambodia | 7.7 | 8.9 | 12.7 | 14.7 | 24.1% |
| Qatar | 13.7 | 4.1 | 9.0 | 12.3 | -3.5% |
| Algeria | 5.6 | 4.6 | 13.3 | 11.2 | 26.0% |
| India | 13.5 | 8.0 | 5.3 | 10.8 | -7.2% |
| Others | 109 | 96.8 | 129 | 105 | -1.2% |
| Total | 502 | 516 | 731 | 703 | 11.9% |
Top Export Markets for MDF from Thailand in 2022:
- United Arab Emirates (714.5K cubic meters)
- Saudi Arabia (697.3K cubic meters)
- Egypt (253.2K cubic meters)
- Vietnam (201.1K cubic meters)
- South Korea (112.9K cubic meters)
- Kuwait (75.0K cubic meters)
- Israel (59.1K cubic meters)
- Algeria (49.5K cubic meters)
- Cambodia (46.9K cubic meters)
- Qatar (46.0K cubic meters)
- India (40.9K cubic meters)
MDF Imports in Thailand
In 2022, purchases abroad of MDF decreased by -7.6% to 9.5K cubic meters, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. As a result, imports reached the peak of 10K cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, MDF imports rose significantly to $7M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 36%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of MDF in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,671 | 3,572 | 4,425 | 4,776 | 21.4% |
| Switzerland | 302 | 745 | 682 | 545 | 21.7% |
| Germany | 480 | 344 | 246 | 352 | -9.8% |
| Vietnam | 59.9 | 230 | 49.5 | 304 | 71.8% |
| Italy | 22.8 | 57.1 | 307 | 297 | 135.3% |
| New Zealand | 226 | 277 | 156 | 230 | 0.6% |
| Indonesia | 102 | 43.7 | 41.9 | 51.3 | -20.5% |
| Others | 410 | 561 | 293 | 428 | 1.4% |
| Total | 4,273 | 5,830 | 6,201 | 6,984 | 17.8% |
Top Suppliers of MDF to Thailand in 2022:
- China (6.9K cubic meters)
- Switzerland (0.7K cubic meters)
- Italy (0.4K cubic meters)
- Germany (0.4K cubic meters)
- New Zealand (0.4K cubic meters)
- Vietnam (0.2K cubic meters)
- Indonesia (0.1K cubic meters)
This report provides an in-depth analysis of the mdf market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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