Market research

Veneer sheets market in Southern Asia

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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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

The veneer sheets market in Southern Asia reached its peak volume of 752 thousand m³ in 2019. Over the next four years, the total market size contracted consistently, falling to 607.6 thousand m³ by 2023. This represented a cumulative decline of 19% from the 2019 high.

Domestic production remained stable throughout the period, fluctuating between 572 and 582 thousand m³ annually. The market contraction was primarily driven by a sharp reduction in imports, which fell by 74% from 173.7 thousand m³ in 2019 to 44.8 thousand m³ in 2023. Concurrently, exports grew substantially, increasing from less than 1 thousand m³ in 2018 to 19.2 thousand m³ in 2023.

The rate of market decline slowed significantly by 2023, with the market size dropping by less than 2% compared to the previous year, indicating a trend toward stabilization.

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 Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern 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 Afghanistan in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Afghanistan 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, K $ 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 Afghanistan, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Afghanistan 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 Afghanistan in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Afghanistan 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, K $ 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 Afghanistan, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Afghanistan 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 Afghanistan in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Afghanistan 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ 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 Afghanistan, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Afghanistan 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 Afghanistan in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Afghanistan 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ 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 Afghanistan, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Afghanistan 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ 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 veneer sheets in Southern 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

In 2020, Southern Asia produced 572.1 thousand cubic meters of veneer sheets, marking a slight decrease of 1.2% compared to 2019. The largest increase occurred in 2018, with no change recorded at 0.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	(1.2%)	(0.4%)

Source: SHEV.io

Exports veneer sheets from Southern Asia

Exports in kind, K m³

The market showed noticeable fluctuations during this period. The minimum export volume was recorded in 2017, while the maximum was reached in 2020, with a 4.5-fold difference between these years. In 2020, Southern Asia's veneer sheets export volume amounted to 3.1 thousand cubic meters, representing an abrupt increase of 246.6% year-over-year. The largest decline occurred in 2019, at 43.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	129.0%	(43.5%)	246.6%	64.9%

Source: SHEV.io

From 2017 to 2020, Azerbaijan, China, and Uzbekistan were the leading destinations for exports in kind, accounting for 19.9%, 5.9%, and 3.2% of the total, respectively. Together, these three countries represented 29.0% of the total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. The trough was recorded in 2019, while the peak occurred in 2018, showing a 4.6-fold difference. In 2020, veneer sheets shipments from Southern Asia to abroad amounted to 612 thousand US dollars, which is 338.2% more than the previous year. The minimum value was 140 thousand US dollars in 2019, and the maximum was 643 thousand US dollars in 2018. The largest decline was recorded in 2019, at 78.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	259.6%	(78.3%)	338.2%	50.7%

Source: SHEV.io

From 2017 to 2020, exports in value terms of veneer sheets from Southern Asia were spread across many countries. Azerbaijan, Uzbekistan, and China accounted for 13.1%, 6.6%, and 4.3% of the total, respectively, jointly representing only 24.0% of the total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports veneer sheets to Southern Asia

Imports in kind, K m³

Volatility characterized the market behavior during these years. The lowest import volume was recorded in 2017, while the highest occurred in 2019, with a peak-to-trough ratio of 3.2 times. In 2020, foreign veneer sheets supplies to Southern Asia totalled 118.8 thousand cubic meters, amounting to an abrupt decline of 31.6% compared to the previous year. The maximum value was 173.7 thousand cubic meters in 2019, and the largest increase was recorded in 2018, at 101.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	101.1%	58.0%	(31.6%)	29.5%

Source: SHEV.io

From 2017 to 2020, China, Myanmar, and Turkey were the principal destinations for imports in kind, accounting for 36.7%, 16.1%, and 14.7% of the total, respectively. Together, these three countries represented 67.5% of the total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year uptick, imported veneer sheets volumes in Southern Asia declined. In 2020, imports amounted to 34 069 thousand US dollars, representing a 24.9% decline year-over-year. Over the period from 2017 to 2020, imports decreased by 19.8%, with a compound annual growth rate of 7.1%. The maximum value was recorded in 2019 at 45 338 thousand US dollars, and the largest increase occurred in 2019, at 5.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.0%	5.7%	(24.9%)	(7.1%)

Source: SHEV.io

From 2017 to 2020, China, Turkey, and Myanmar stood out as the main markets for imports in value terms, accounting for 26.7%, 13.1%, and 11.4% of the total, respectively. Together, these three countries represented 51.2% of the total flows.

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

Source: SHEV.io

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

Source: SHEV.io