South-Eastern Asia: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in South-Eastern Asia

The Southeast Asian oriented strandboard (OSB) market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption saw resilient growth. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the immediate term.

Oriented Strandboard (Osb) Production in South-Eastern Asia

In value terms, oriented strandboard (OSB) production totaled $X in 2023 estimated in export price. In general, production posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Oriented Strandboard (Osb) Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of oriented strandboard (OSB) decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, oriented strandboard (OSB) exports contracted to $X in 2023. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X cubic meters) and Thailand (X cubic meters) dominates exports structure, together making up X% of total exports. It was distantly followed by the Philippines (X cubic meters), mixing up a X% share of total exports. Vietnam (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest oriented strandboard (OSB) supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per cubic meter, increasing by X% against the previous year. In general, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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 South-Eastern Asia

In 2023, supplies from abroad of oriented strandboard (OSB) was finally on the rise to reach X cubic meters after three years of decline. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X cubic meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, oriented strandboard (OSB) imports soared to $X in 2023. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

In 2023, the Philippines (X cubic meters) represented the major importer of oriented strandboard (OSB), constituting X% of total imports. Thailand (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Cambodia (X%) and Malaysia (X%). Singapore (X cubic meters) took a minor share of total imports.

The Philippines was also the fastest-growing in terms of the oriented strandboard (OSB) imports, with a CAGR of X% from 2012 to 2023. At the same time, Cambodia (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of the Philippines and Cambodia increased by X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in the Philippines stood at X%. 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 2023, the import price in South-Eastern Asia amounted to $X per cubic meter, dropping by X% against the previous year. In general, the import price showed a mild reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform