Malaysia: Plywood Market 2022

Plywood Market Size in Malaysia

In 2021, the Malaysian plywood market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plywood Production in Malaysia

In value terms, plywood production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a abrupt shrinkage. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plywood Exports

Exports from Malaysia

In 2021, approx. X cubic meters of plywood were exported from Malaysia; which is down by -X% against the year before. In general, exports faced a deep slump. The smallest decline of -X% was in 2014. Over the period under review, the exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plywood exports amounted to $X in 2021. Over the period under review, exports recorded a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X cubic meters) was the main destination for plywood exports from Malaysia, accounting for a X% share of total exports. Moreover, plywood exports to Japan exceeded the volume sent to the second major destination, the United States (X cubic meters), twofold. The third position in this ranking was held by South Korea (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Korea (-X% per year).

In value terms, Japan ($X) remains the key foreign market for plywood exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average plywood export price stood at $X per cubic meter in 2021, rising by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plywood export price increased by +X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports

Imports into Malaysia

Plywood imports into Malaysia reached X cubic meters in 2021, rising by X% compared with 2020 figures. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, plywood imports soared to $X in 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Indonesia (X cubic meters), China (X cubic meters) and Vietnam (X cubic meters) were the main suppliers of plywood imports to Malaysia, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plywood suppliers to Malaysia were Indonesia ($X), Vietnam ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plywood import price stood at $X per cubic meter in 2021, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Kaynak: IndexBox Platformu