Malaysia: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in Malaysia

In 2023, the Malaysian oriented strandboard (OSB) market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded prominent growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Oriented Strandboard (Osb) Production in Malaysia

In value terms, oriented strandboard (OSB) production rose markedly to $X in 2023 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Oriented strandboard (OSB) production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Oriented Strandboard (Osb) Exports

Exports from Malaysia

Oriented strandboard (OSB) exports from Malaysia declined markedly to X cubic meters in 2023, with a decrease of X% on the year before. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, oriented strandboard (OSB) exports fell notably to $X in 2023. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Vietnam (X cubic meters) was the main destination for oriented strandboard (OSB) exports from Malaysia, accounting for a X% share of total exports. Moreover, oriented strandboard (OSB) exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X cubic meters), twofold. The third position in this ranking was taken by Turkey (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Turkey (X% per year).

In value terms, Vietnam ($X), South Korea ($X) and Turkey ($X) constituted the largest markets for oriented strandboard (OSB) exported from Malaysia worldwide, together comprising X% of total exports. Peru, the UK, China, Thailand and Japan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oriented strandboard (OSB) export price stood at $X per cubic meter in 2023, jumping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Peru ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oriented Strandboard (Osb) Imports

Imports into Malaysia

In 2023, approx. X cubic meters of oriented strandboard (OSB) were imported into Malaysia; declining by X% compared with the previous year. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, oriented strandboard (OSB) imports shrank rapidly to $X in 2023. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Singapore (X cubic meters), Thailand (X cubic meters) and China (X cubic meters) were the main suppliers of oriented strandboard (OSB) imports to Malaysia, together accounting for X% of total imports. India lagged somewhat behind, comprising a further X%.

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

In value terms, the largest oriented strandboard (OSB) suppliers to Malaysia were Singapore ($X), Thailand ($X) and China ($X), with a combined X% share of total imports. India lagged somewhat behind, accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average oriented strandboard (OSB) import price amounted to $X per cubic meter, falling by X% against the previous year. Overall, the import price showed a abrupt setback. The growth pace was the most rapid in 2022 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per cubic meter), while the price for Singapore ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform