Particle board of wood market in Southern Asia

Earlier Report Observations

From 2018 to 2020, the particle board market volume in Southern Asia grew from 2 046 thousand m³ to 2 177 thousand m³. This increase was supported by steady demand for solid wood substitutes due to declining resource quality and rising timber prices, alongside innovations in pre-laminated boards that improved moisture and wear resistance. In 2020, advancements in adhesives, such as formaldehyde-free resins, enhanced product sustainability, while the COVID-19 pandemic impacted global supply chains and distribution.

Market volume fell to 1 850 thousand m³ in 2021, a 15% decrease. During this period, consumer preference shifted towards high-density moisture-resistant boards for kitchens and bathrooms, with leading companies like Action Tesa and GreenPly expanding their offerings. Recovery followed in 2022, with volume reaching 2 019 thousand m³, driven by new market entrants and the launch of improved pre-laminated and melamine boards offering greater scratch and moisture resistance.

Growth continued in 2023, with market volume rising 6.7% to 2 154 thousand m³, reflecting sustained demand and ongoing technological improvements in board quality and durability.

Production particle board of wood in Southern Asia

In kind, 2017-2020, K m³

Top producers of particle board of wood, 2017-2020

World map of production of particle board of wood, 2017-2020

Southern Asia's particle board production has grown for the third year in a row. In 2020, the region produced 2,267 thousand cubic meters of particle board, marking a 5.2% year-on-year increase. Over the 2017-2020 period, production rose by 10.2%, with an average annual growth rate of 3.3%.

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

Exports particle board of wood from Southern Asia

Exports in kind, K m³

Export volumes showed an unstable pattern during this period. They reached their lowest point in 2017 and peaked in 2020, with a {ampRatio}-fold difference between these years. In 2020, Southern Asia's particle board exports totaled 119.3 thousand cubic meters, representing a 61.3% increase from the previous year. The most significant decline occurred in 2019, when exports fell by 26.7%.

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

From 2017 to 2020, Turkmenistan (34.9% of export volume), Iraq (17.5%), and Azerbaijan (12.3%) formed the primary export markets, together accounting for 64.7% of total particle board shipments from Southern Asia.

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

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

Exports in value, K $ US

Export values displayed volatility over the observed timeframe. They hit a low in 2017 and a high in 2018, with a 1.7-fold variation. In 2020, Southern Asia's particle board exports were valued at 16,487 thousand US dollars, up 8.4% from the previous year. The peak value was recorded in 2018 at 21,803 thousand US dollars. The largest decrease occurred in 2019, with a 30.2% drop, while the biggest increase was in 2018, with a 71.7% rise.

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

Between 2017 and 2020, Turkmenistan (37.9% of export value), Iraq (13.8%), and Azerbaijan (10.6%) remained the top destinations for Southern Asia's particle board exports, collectively representing 62.2% of total export value.

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

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

Imports particle board of wood to Southern Asia

Imports in kind, K m³

Import volumes were volatile during these years. They were at their lowest in 2017 and highest in 2019, with a {ampRatio}-fold difference. In 2020, Southern Asia imported 29.3 thousand cubic meters of particle board, which was 23.5% lower than in 2019. The peak volume was in 2019 at 38.3 thousand cubic meters, and the largest increase that year was 65.4%.

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

From 2017 to 2020, Thailand (39.9% of import volume), Malaysia (10.6%), and China (6.9%) were the main sources of particle board imports into Southern Asia, together making up 57.4% of total import flows.

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

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

Imports in value, K $ US

Southern Asia's particle board imports have increased for the second consecutive year. In 2020, import value reached 9,766 thousand US dollars, a 14.9% rise compared to 2019. Over the 2017-2020 period, imports grew by 25.5%, with an average annual growth rate of 7.9%. The lowest value was in 2018 at 6,845 thousand US dollars, when imports declined by 12.1%. The largest increase was in 2019, with a 24.2% jump.

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

Between 2017 and 2020, Thailand (31.6% of import value), Malaysia (12.4%), and China (10.4%) continued to lead as the primary suppliers of particle board to Southern Asia, jointly accounting for 54.4% of total import value.

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

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