Board Of Bagasse, Bamboo Or Other Particles Market

The article analyzes the global market for particle board and ligneous materials, projecting a steady growth in volume and value over the next eight years. It provides detailed insights on consumption trends, production statistics, import and export data, and key market players. Key findings include the highest consuming and producing countries, value growth rates, and average prices in the market.

Market Forecast

Driven by increasing demand for particle board and similar board of ligneous materials (excluding wood) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market volume to 59M cubic meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +9.0% for the period from 2022 to 2030, which is projected to bring the market value to $55.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

In 2022, global consumption of particle board and similar board of ligneous materials (excluding wood) reached 35M cubic meters, therefore, remained relatively stable against the previous year's figure. The total consumption volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, global consumption of attained the peak volume at 36M cubic meters in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The revenue of the market for particle board and similar board of ligneous materials (excluding wood) worldwide dropped slightly to $27.8B in 2022, reducing by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.0% against 2012 indices. Global consumption peaked at $28.9B in 2021, and then fell in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (9.3M cubic meters), the United States (5.2M cubic meters) and India (3.7M cubic meters), together accounting for 52% of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.7%), while wood) for the other global leaders experienced more modest paces of growth.

In value terms, China ($11.3B) led the market, alone. The second position in the ranking was taken by India ($4.3B). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in China stood at +13.9%. In the other countries, the average annual rates were as follows: India (+7.6% per year) and the United States (+12.1% per year).

The countries with the highest levels of board of bagasse, bamboo or other particles per capita consumption in 2022 were Canada (23 cubic meters per 1000 persons), Saudi Arabia (23 cubic meters per 1000 persons) and the UK (20 cubic meters per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.3%), while wood) for the other global leaders experienced more modest paces of growth.

Production

World Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

In 2022, the amount of particle board and similar board of ligneous materials (excluding wood) produced worldwide rose modestly to 36M cubic meters, picking up by 2% against 2021 figures. The total output volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, global production of hit record highs at 36M cubic meters in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, production of particle board and similar board of ligneous materials (excluding wood) dropped to $29.3B in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +19.9% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 31%. Global production peaked at $30.9B in 2021, and then shrank in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were China (9.4M cubic meters), the United States (5.2M cubic meters) and India (3.7M cubic meters), with a combined 51% share of global production.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.7%), while wood) for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

In 2022, global imports of particle board and similar board of ligneous materials (excluding wood) shrank to 908K cubic meters, declining by -7.3% against 2021. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 5.3% against the previous year. Global imports peaked at 1.2M cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) skyrocketed to $270M in 2022. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, global imports of reached the maximum at $347M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, Spain (179K cubic meters), distantly followed by Sweden (106K cubic meters), the Netherlands (80K cubic meters), Italy (79K cubic meters), Taiwan (Chinese) (67K cubic meters) and France (49K cubic meters) represented the major importers of particle board and similar board of ligneous materials (excluding wood), together achieving 62% of total imports. The following importers - Belgium (40K cubic meters), Poland (27K cubic meters), Canada (22K cubic meters) and Kazakhstan (14K cubic meters) - together made up 11% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +51.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($25M), Italy ($24M) and Sweden ($23M) constituted the countries with the highest levels of imports in 2022, together comprising 27% of global imports. Taiwan (Chinese), France, Poland, Canada, Belgium, Kazakhstan and Spain lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Canada, with a CAGR of +9.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $297 per cubic meter, increasing by 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Global import price peaked at $320 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($316 per cubic meter), while Spain ($18 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

In 2022, shipments abroad of particle board and similar board of ligneous materials (excluding wood) increased by 24% to 1.4M cubic meters, rising for the fourth year in a row after two years of decline. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) soared to $396M in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

France was the major exporting country with an export of about 805K cubic meters, which reached 56% of total exports. It was distantly followed by the Netherlands (186K cubic meters), making up a 13% share of total exports. China (55K cubic meters), Italy (54K cubic meters), Spain (53K cubic meters), Thailand (34K cubic meters), Australia (34K cubic meters), the Czech Republic (24K cubic meters) and Denmark (22K cubic meters) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to board of bagasse, bamboo or other particles exports from France stood at +8.5%. At the same time, Australia (+76.0%), Denmark (+30.2%), the Netherlands (+26.7%), the Czech Republic (+20.6%), Spain (+15.6%), China (+13.7%) and Italy (+5.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +76.0% from 2012-2022. By contrast, Thailand (-15.2%) illustrated a downward trend over the same period. While the share of France (+13 p.p.), the Netherlands (+11 p.p.), Australia (+2.3 p.p.), Spain (+2.2 p.p.) and China (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (-19.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($159M), China ($129M) and Italy ($32M) were the countries with the highest levels of exports in 2022, together accounting for 81% of global exports.

China, with a CAGR of +37.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for particle board and similar board of ligneous materials (excluding wood) stood at $276 per cubic meter in 2022, remaining stable against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $536 per cubic meter. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($2,340 per cubic meter), while Denmark ($15 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform