India: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in India

After three years of decline, the Indian oriented strandboard (OSB) market increased by X% to $X in 2022. In general, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oriented Strandboard (Osb) Exports

Exports from India

For the third consecutive year, India recorded growth in overseas shipments of oriented strandboard (OSB), which increased by X% to X cubic meters in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, oriented strandboard (OSB) exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X cubic meters), Malaysia (X cubic meters) and Nepal (X cubic meters) were the main destinations of oriented strandboard (OSB) exports from India, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for oriented strandboard (OSB) exported from India were Malaysia ($X), the United Arab Emirates ($X) and Nepal ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average oriented strandboard (OSB) export price stood at $X per cubic meter in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while the average price for exports to the United Arab Emirates ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced a decline.

Oriented Strandboard (Osb) Imports

Imports into India

After three years of decline, overseas purchases of oriented strandboard (OSB) increased by X% to X cubic meters in 2022. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oriented strandboard (OSB) imports soared to $X in 2022. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest supplier of oriented strandboard (OSB) to India, accounting for a X% share of total imports. Moreover, oriented strandboard (OSB) imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X cubic meters), fourfold. China (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of oriented strandboard (OSB) to India, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average oriented strandboard (OSB) import price amounted to $X per cubic meter, leveling off at the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oriented strandboard (OSB) import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Thailand ($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 Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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