Market research

MDF market in Asia, 2026

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

From 2018 to 2021, the MDF market volume in Asia grew from 69 871 thousand m³ to a peak of 75 121 thousand m³ in 2019, then stabilized near 74 500 thousand m³. The market then contracted to 68 830 thousand m³ in 2022 and 66 217 thousand m³ in 2023.

In 2023, the market saw the entry of new player Crossbond with a new manufacturing facility, while several Indian manufacturers including Century Ply and Greenply expanded production capacities by approximately 3 500 cubic meters, increasing overall supply.

Technological advancements led to moisture-resistant and low-formaldehyde MDF products meeting stricter environmental regulations, while state policies like Thailand's Eastern Economic Corridor housing fund restructuring created long-term demand for MDF in low-cost housing projects.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K m³
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production MDF in Asia

In kind, 2017-2020, K m³

Top producers of MDF, 2017-2020

Source: SHEV.io

World map of production of MDF, 2017-2020

Source: SHEV.io

Asia's MDF production grew for the second consecutive year. In 2020, the region produced 75 051 K m³ of MDF, marking a slight increase of 1.0% compared to the previous year. Looking at the period from 2017 to 2020, production rose by 4.4%, which translates to an annualized growth rate of 1.4%. The lowest production level was recorded in 2018 at 71 499 K m³, when output declined by 0.6%. In contrast, the largest increase occurred in 2019, with production jumping by 3.9%.

Annual dynamics of production in Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	3.9%	1.0%	1.4%

Source: SHEV.io

Exports MDF from Asia

Exports in kind, K m³

Asia exported 3 690 K m³ of MDF in 2020, representing a sharp increase of 60.9% compared to the previous year. The lowest export volume was recorded in 2019 at 2 294 K m³, which marked a significant decline of 43.5%. The highest export level was reached in 2018 at 4 058 K m³.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.4%	(43.5%)	60.9%	0.4%

Source: SHEV.io

Between 2017 and 2020, the partner structure for MDF exports from Asia remained highly fragmented. The top three destinations—the United States (5.6% of exports in kind), Egypt (4.6%), and Nigeria (4.4%)—together accounted for only 14.7% of total flows, with no single country holding a dominant share.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, MDF shipments from Asia to international markets amounted to 1 930 M $ US, which is 21.7% higher than the previous year. Over the period from 2017 to 2020, however, exports decreased by 9.2%, with a compound annual growth rate (CAGR) of -3.2%. The lowest value was recorded in 2019 at 1 586 M $ US, when exports fell by 26.2%. The highest value occurred in 2018 at 2 149 M $ US.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.1%	(26.2%)	21.7%	(3.2%)

Source: SHEV.io

From 2017 to 2020, MDF from Asia was exported to a wide range of markets. Even the largest destinations—the United States, Nigeria, and Egypt—together represented only 17.6% of total exports in value terms, highlighting the diversified nature of the export structure.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports MDF to Asia

Imports in kind, K m³

Asia's MDF imports grew for the second consecutive year. In 2020, the region imported 2 553 K m³ of MDF, equivalent to an increase of 5.0% over the past year. Over the period from 2017 to 2020, imports increased by 10.6%, with a CAGR of 3.4%. The lowest import volume was recorded in 2018 at 2 430 K m³, when imports declined by 17.2%. The largest increase occurred in 2019, with imports surging by 27.4%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.2%)	27.4%	5.0%	3.4%

Source: SHEV.io

Between 2017 and 2020, MDF imports to Asia were widely dispersed across partner countries. The top three suppliers—New Zealand (8.6% of imports in kind), Russia (8.1%), and Germany (1.4%)—together represented only 18.1% of total flows, indicating a highly diversified import structure.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, MDF imports to Asia totaled 1 815 M $ US, indicating a moderate decrease of 4.7% compared to 2019. Over the period from 2017 to 2020, imports decreased by 3.6%, equating to an annualized decline of 1.2%. The highest value was recorded in 2019 at 1 904 M $ US, when imports increased by 3.0%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.9%)	3.0%	(4.7%)	(1.2%)

Source: SHEV.io

From 2017 to 2020, New Zealand (10.2% of imports in value terms), Russia (9.4%), and Germany (2.6%) formed the largest group of MDF suppliers to Asia. However, their combined contribution was limited to 22.2% of total imports in value terms, reflecting a diversified country structure for imports.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io