ASEAN: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in ASEAN

The ASEAN oriented strandboard (OSB) market soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Oriented Strandboard (Osb) Production in ASEAN

In value terms, oriented strandboard (OSB) production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Oriented Strandboard (Osb) Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in shipments abroad of oriented strandboard (OSB), when their volume decreased by X% to X cubic meters. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X cubic meters in 2021, and then reduced dramatically in the following year.

In value terms, oriented strandboard (OSB) exports declined remarkably to $X in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Malaysia (X cubic meters) and Thailand (X cubic meters) dominates exports structure, together committing X% of total exports. Vietnam (X cubic meters) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the largest oriented strandboard (OSB) supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In Malaysia, oriented strandboard (OSB) exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Oriented Strandboard (Osb) Imports

Imports in ASEAN

In 2022, purchases abroad of oriented strandboard (OSB) decreased by X% to X cubic meters, falling for the second consecutive year after six years of growth. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oriented strandboard (OSB) imports shrank rapidly to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X cubic meters) represented the major importer of oriented strandboard (OSB), achieving X% of total imports. Thailand (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Cambodia (X%). The Philippines (X cubic meters) took a relatively small share of total imports.

Vietnam was also the fastest-growing in terms of the oriented strandboard (OSB) imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Cambodia and the Philippines increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported oriented strandboard (OSB) in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Cambodia, with a X% share.

In Vietnam, oriented strandboard (OSB) imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per cubic meter, almost unchanged from the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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