South-Eastern Asia: Veneer Sheet Market 2024

Veneer Sheet Market Size in South-Eastern Asia

In 2023, after four years of growth, there was significant decline in the Southeast Asian veneer sheet market, when its value decreased by X% to $X. In general, consumption, however, posted a noticeable increase. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Veneer Sheet Production in South-Eastern Asia

In value terms, veneer sheet production amounted to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Veneer Sheet Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by X% to X square meters, rising for the third year in a row after two years of decline. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, veneer sheet exports reached $X in 2023. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X square meters), Thailand (X square meters) and Vietnam (X square meters) represented roughly X% of total exports in 2023. Myanmar (X square meters) ranks next in terms of the total exports with an X% share, followed by Malaysia (X%). Cambodia (X square meters) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Myanmar, Malaysia and Cambodia lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 South-Eastern Asia amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Veneer Sheet Imports

Imports in South-Eastern Asia

After nine years of growth, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by X% to X square meters in 2023. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2022, and then contracted in the following year.

In value terms, veneer sheet imports shrank to $X in 2023. Overall, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of veneer sheet imports in 2023 were Vietnam (X square meters), Malaysia (X square meters) and Cambodia (X square meters), together finishing at X% of total import. The Philippines (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%). Thailand (X square meters) took a little share of total imports.

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

In value terms, Vietnam ($X) constitutes the largest market for imported veneer sheets and sheets for plywood and other wood sawn lengthwise in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Vietnam, veneer sheet imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2023, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per square meter in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per square meter), while the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform