Market research

Veneer sheets market in South-eastern Asia

Veneer sheets market in South-eastern Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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"South-eastern Asia" region includes following countries:

Brunei Darussalam
Myanmar
Cambodia
Indonesia
Laos
Malaysia
the Philippines
Timor-Leste
Singapore
Vietnam
Thailand

Earlier Report Observations

The market for veneer sheets in South-eastern Asia contracted significantly from 6.5 million m³ in 2018 to 4.3 million m³ in 2020. A modest recovery to 4.4 million m³ followed in 2021, but volume plunged to 3.4 million m³ in 2022, a year which saw a reported 2.8% decline in global veneer production, likely tightening regional supply.

The market rebounded to 4.1 million m³ in 2023. For 2024, industry reports indicate strong growth in Asia-Pacific veneer production, driven by rising demand from the furniture and construction sectors. While complete 2024 market size data for South-eastern Asia is unavailable, trade figures show falling imports and rising exports, pointing to evolving regional trade patterns.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 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. 5. Production
    1. 5.1. Production in South-eastern Asia
      1. 5.1.1. Annual dynamics of production in South-eastern 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. 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 Brunei Darussalam in kind, 2018-2024, K m³
        2. 6.1.2.2. Dynamics of product's imports in kind to Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Brunei Darussalam 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 Brunei Darussalam, 2018-2024, $ US/m³
        2. 6.1.4.2. Dynamics of average price of product's imports to Brunei Darussalam 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 Brunei Darussalam in kind, 2018-2024, K m³
        2. 6.2.2.2. Dynamics of product's imports in kind to Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Brunei Darussalam 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 Brunei Darussalam, 2018-2024, $ US/m³
        2. 6.2.4.2. Dynamics of average price of product's imports to Brunei Darussalam by countries, 2018-2024, $ US/m³
  7. 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 Brunei Darussalam in kind, 2018-2024, K m³
        2. 7.1.2.2. Dynamics of product's exports in kind from Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Brunei Darussalam 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 Brunei Darussalam, 2018-2024, $ US/m³
        2. 7.1.4.2. Dynamics of average price of product's exports from Brunei Darussalam 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 Brunei Darussalam in kind, 2018-2024, K m³
        2. 7.2.2.2. Dynamics of product's exports in kind from Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Brunei Darussalam 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 Brunei Darussalam, 2018-2024, $ US/m³
        2. 7.2.4.2. Dynamics of average price of product's exports from Brunei Darussalam by countries, 2018-2024, $ US/m³
  8. 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. 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 veneer sheets in South-eastern Asia

In kind, 2017-2020, K m³

Top producers of veneer sheets, 2017-2020

Source: SHEV.io

World map of production of veneer sheets, 2017-2020

Source: SHEV.io

After two years of growth, South-eastern Asia's veneer sheets production volume declined. In 2020, the region produced 3 775 K m³ of veneer sheets, marking a slight contraction of 1.2% year-over-year. Over the period from 2017 to 2020, production increased by 28.7%, with a compound annual growth rate of 8.8%. The highest production level was recorded in 2019 at 3 820 K m³, while the largest annual increase occurred in 2018 at 23.0%.

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

Parameter201820192020CAGR
1Change from last year23.0%5.9%(1.2%)8.8%
Source: SHEV.io

Exports veneer sheets from South-eastern Asia

Exports in kind, K m³

Following two years of decline, South-eastern Asia's veneer sheets exports increased. In 2020, exports reached 925 K m³, showing a significant uptick of 32.9% compared to the previous year. Over the 2017-2020 period, exports decreased by 47.3%, with a compound annual growth rate of -19.2%. The lowest export volume was recorded in 2019 at 696 K m³, which also saw the largest annual decline of 37.5%.

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

Parameter201820192020CAGR
1Change from last year(36.5%)(37.5%)32.9%(19.2%)
Source: SHEV.io

From 2017 to 2020, the main destinations for South-eastern Asia's veneer sheets exports in kind were China (38.6% of exports), India (35.8% of exports), and the United States (6.0% of exports). Together, these three countries accounted for 80.5% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, South-eastern Asia's veneer sheets exports in value terms totalled 215.5 million US dollars, representing a modest increase of 1.2% year-over-year. Over the 2017-2020 period, exports decreased by 12.1%, with a compound annual growth rate of -4.2%. The lowest value was recorded in 2019 at 212.9 million US dollars, while the highest was in 2018 at 269.4 million US dollars. The largest annual decline occurred in 2019 at 21.0%, and the largest increase was in 2018 at 9.9%.

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

Parameter201820192020CAGR
1Change from last year9.9%(21.0%)1.2%(4.2%)
Source: SHEV.io

From 2017 to 2020, the leading destinations for South-eastern Asia's veneer sheets exports in value terms were India (35.5% of exports), China (24.3% of exports), and Asia, not elsewhere specified (9.2% of exports). These three destinations combined accounted for 69.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports veneer sheets to South-eastern Asia

Imports in kind, K m³

South-eastern Asia's veneer sheets imports declined for the third consecutive year. In 2020, imports stood at 1 437 K m³, down by 29.1% year-over-year. Between 2017 and 2020, imports decreased by 97.5%, equating to an annualized rate of -70.8%.

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

Parameter201820192020CAGR
1Change from last year(93.1%)(49.2%)(29.1%)(70.8%)
Source: SHEV.io

Throughout 2017-2020, the core sources for South-eastern Asia's veneer sheets imports in kind were China (55.7% of imports), New Zealand (22.5% of imports), and Solomon Islands (2.4% of imports). Together, these three countries accounted for 80.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

South-eastern Asia's veneer sheets imports in value terms increased for the third consecutive year. In 2020, the region imported veneer sheets worth 215.5 million US dollars, constituting an uptick of 19.2% compared to the previous year. Between 2017 and 2020, imports increased by 54.6%, equating to an annualized rate of 15.6%.

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

Parameter201820192020CAGR
1Change from last year23.6%5.0%19.2%15.6%
Source: SHEV.io

Throughout 2017-2020, the key partners for South-eastern Asia's veneer sheets imports in value terms were China (62.8% of imports), the United States (6.1% of imports), and Australia (5.7% of imports). Together, these three countries accounted for 74.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

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