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The Asian-Pacific Coal Market Grows Markedly for the Third Consecutive Year

coal

The Asian-Pacific Coal Market Grows Markedly for the Third Consecutive Year

IndexBox has just published a new report: ‘Asia-Pacific – Coal – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the Asia-Pacific coal market increased by 6.1% to $751.8B, rising for the third consecutive year after four years of decline. The total market indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.

Consumption by Country

China (4,136M tonnes) constituted the country with the largest volume of coal consumption, accounting for 69% of total volume. Moreover, coal consumption in China exceeded the figures recorded by the second-largest consumer, India (1,012M tonnes), fourfold. Japan (186M tonnes) ranked third in terms of total consumption with a 3.1% share.

From 2007 to 2019, the average annual growth rate of volume in China amounted to +3.7%. In India, the average annual rate of growth amounted to +5.2% per year, while in and Japan, the volume of consumption remained relatively unchanged against its outset level.

In value terms, China ($572.6B) led the market, alone. The second position in the ranking was occupied by India ($90.7B). It was followed by Japan.

The countries with the highest levels of coal per capita consumption in 2019 were Australia (4.85 tonne per person), China (2.84 tonne per person) and South Korea (2.78 tonne per person).

From 2007 to 2019, the biggest increases were in Indonesia, while coal per capita consumption for the other leaders experienced more modest paces of growth.

Production in Asia-Pacific

In 2019, production of coal increased by 3% to 5,771M tonnes, rising for the third consecutive year after three years of decline. The total output volume increased at an average annual rate of +3.3% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 12% year-to-year. The volume of production peaked in 2019 and is expected to retain growth in the immediate term.

Production by Country

China (3,842M tonnes) constituted the country with the largest volume of coal production, comprising approx. 67% of total volume. Moreover, coal production in China exceeded the figures recorded by the second-largest producer, India (760M tonnes), fivefold. Indonesia (536M tonnes) ranked third in terms of total production with a 9.3% share.

In China, coal production expanded at an average annual rate of +3.0% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: India (+3.7% per year) and Indonesia (+7.8% per year).

Imports in Asia-Pacific

In 2019, supplies from abroad of coal increased by 2.2% to 1,093M tonnes, rising for the fourth consecutive year after two years of decline. Total imports indicated a resilient expansion from 2007 to 2019: its volume increased at an average annual rate of +6.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +24.1% against 2015 indices. The volume of import peaked in 2019 and is likely to see gradual growth in years to come.

In value terms, coal imports contracted to $102B (IndexBox estimates) in 2019. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of 79% y-o-y. The level of import peaked at $110.7B in 2018, and then shrank in the following year.

Imports by Country

In 2019, China (300M tonnes), India (254M tonnes), Japan (186M tonnes) and South Korea (141M tonnes) were the main importers of coal in Asia-Pacific, creating 81% of total import. They were distantly followed by Taiwan, Chinese (67M tonnes), committing a 6.1% share of total imports. The following importers – Malaysia (34M tonnes) and the Philippines (27M tonnes) – together made up 5.6% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($23.4B), Japan ($23.3B) and India ($23B) appeared to be the countries with the highest levels of imports in 2019, together accounting for 68% of total imports.

China saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The coal import price in Asia-Pacific stood at $93 per tonne in 2019, waning by -9.9% against the previous year. Import price indicated tangible growth from 2007 to 2019: its price increased at an average annual rate of +2.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the import price increased by 71% y-o-y. Over the period under review, import prices reached the maximum at $130 per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($125 per tonne), while the Philippines ($70 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

goat meat

The Asian-Pacific Goat Meat Market to Retain Robust Growth

IndexBox has just published a new report: ‘Asia-Pacific – Goat Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Asia-Pacific goat meat market expanded rapidly to $30.1B in 2019, growing by 9.9% 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). The total market indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +1.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +56.7% against 2014 indices. The level of consumption peaked in 2019 and is expected to retain growth in years to come.

Consumption by Country

The country with the largest volume of goat meat consumption was China (2.4M tonnes), comprising approx. 61% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (502K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (352K tonnes), with a 9.1% share.

In China, goat meat consumption increased at an average annual rate of +1.9% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (-0.5% per year) and Pakistan (+2.8% per year).

In value terms, China ($22.7B) led the market, alone. The second position in the ranking was occupied by India ($2.4B). It was followed by Pakistan.

The countries with the highest levels of goat meat per capita consumption in 2019 were Nepal (2.47 kg per person), Myanmar (1.89 kg per person) and Pakistan (1.72 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for goat meat in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2019 to 2030, which is projected to bring the market volume to 4.6M tonnes by the end of 2030.

Production in Asia-Pacific

In 2019, goat meat production in Asia-Pacific rose to 3.9M tonnes, with an increase of 2% on 2018 figures. The total output volume increased at an average annual rate of +1.8% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 3.4% y-o-y. Over the period under review, production reached the peak volume in 2019 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by a mild expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, goat meat production soared to $36.8B in 2019 estimated in export prices. Overall, production posted a remarkable increase. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.

Production by Country

China (2.4M tonnes) remains the largest goat meat producing country in Asia-Pacific, accounting for 61% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (502K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (353K tonnes), with a 9.1% share.

In China, goat meat production increased at an average annual rate of +1.9% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (-0.5% per year) and Pakistan (+2.7% per year).

Producing Animals in Asia-Pacific

In 2019, the number of animals slaughtered for goat meat production in Asia-Pacific expanded to 291M heads, picking up by 1.6% compared with the previous year. This number increased at an average annual rate of +1.5% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2009 when the number of producing animals increased by 5.3% year-to-year. Over the period under review, this number hit record highs at 291M heads in 2016; however, from 2017 to 2019, producing animals failed to regain the momentum.

Yield in Asia-Pacific

The average goat meat yield amounted to 13 kg per head in 2019, leveling off at the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 5.1% y-o-y. Over the period under review, the goat meat yield hit record highs in 2019 and is likely to see steady growth in years to come.

Imports in Asia-Pacific

In 2019, the amount of goat meat imported in Asia-Pacific contracted to 8.8K tonnes, waning by -9.2% on 2018. The total import volume increased at an average annual rate of +1.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. As a result, imports reached the peak of 12K tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, goat meat imports declined to $43M (IndexBox estimates) in 2019. Overall, imports, however, recorded buoyant growth. The level of import peaked at $57M in 2017; however, from 2018 to 2019, imports yet failed to regain the momentum.

Imports by Country

The purchases of the four major importers of goat meat, namely Taiwan, Viet Nam, South Korea and Hong Kong SAR, represented more than two-thirds of total import. It was distantly followed by Japan (460 tonnes), making up a 5.2% share of total imports. China (317 tonnes), Macao SAR (292 tonnes), India (209 tonnes), Sri Lanka (185 tonnes), Malaysia (177 tonnes) and the Philippines (169 tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest goat meat importing markets in Asia-Pacific were Taiwan ($12M), South Korea ($9.4M) and Hong Kong SAR ($6.4M), together comprising 64% of total imports. These countries were followed by Japan, Viet Nam, Macao SAR, China, Malaysia, Sri Lanka, the Philippines and India, which together accounted for a further 32%.

Among the main importing countries, India recorded 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

In 2019, the goat meat import price in Asia-Pacific amounted to $4,887 per tonne, waning by -2.2% against the previous year. Import price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +4.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, goat meat import price decreased by -15.8% against 2017 indices. The growth pace was the most rapid in 2016 when the import price increased by 22% year-to-year. Over the period under review, import prices reached the peak figure at $5,802 per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Macao SAR ($7,657 per tonne), while Viet Nam ($1,613 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Macao SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

nitrogenous fertilizer

Nitrogenous Fertilizer Market in Asia-Pacific – China Remains the Largest Supplier in the Region, with 62% of Total Exports

IndexBox has just published a new report: ‘Asia-Pacific – Nitrogenous Fertilizers (Mineral Or Chemical) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the nitrogenous fertilizer market in Asia-Pacific amounted to $30B in 2018, growing by 6.1% 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).

Exports in Asia-Pacific

In 2018, the amount of nitrogenous fertilizers (mineral or chemical) exported in Asia-Pacific amounted to 15M tonnes, an increase of 8% against the previous year. Over the period under review, nitrogenous fertilizer exports, however, continue to indicate a slight deduction. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. The volume of exports peaked at 24M tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

China represented the major exporter of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of exports accounting for 10M tonnes, which was near 66% of total exports in 2018. Malaysia (1.8M tonnes) held the second position in the ranking, followed by Indonesia (1.2M tonnes) and South Korea (0.9M tonnes). All these countries together took approx. 25% share of total exports. Taiwan, Chinese (471K tonnes) and Japan (303K tonnes) held a little share of total exports.

Exports from China decreased at an average annual rate of -3.0% from 2013 to 2018. At the same time, Taiwan, Chinese (+15.2%), Malaysia (+11.6%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Taiwan emerged as the fastest-growing exporter in Asia-Pacific, with a CAGR of +15.2% from 2013-2018. By contrast, Indonesia (-5.2%) and Japan (-12.2%) illustrated a downward trend over the same period. Malaysia (+4.9 p.p.) and Taiwan, Chinese (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Indonesia and China saw its share reduced by -1.8%, -2.3% and -11% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.1B) remains the largest nitrogenous fertilizer supplier in Asia-Pacific, comprising 62% of total nitrogenous fertilizer exports. The second position in the ranking was occupied by Malaysia ($493M), with a 15% share of total exports. It was followed by Indonesia, with a 9.8% share.

Export Prices by Country

The nitrogenous fertilizer export price in Asia-Pacific stood at $218 per tonne in 2018, increasing by 2.7% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($283 per tonne), while Taiwan ($110 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Imports in Asia-Pacific

The imports totaled 23M tonnes in 2018, jumping by 10% against the previous year. Over the period under review, nitrogenous fertilizer imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 11% against the previous year. In that year, nitrogenous fertilizer imports reached their peak of 26M tonnes. From 2016 to 2018, the growth of nitrogenous fertilizer imports failed to regain its momentum.

In value terms, nitrogenous fertilizer imports amounted to $5.7B (IndexBox estimates) in 2018.

Imports by Country

India represented the key importer of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of imports resulting at 6.2M tonnes, which was near 27% of total imports in 2018. Australia (2.8M tonnes) ranks second in terms of the total imports with a 12% share, followed by Thailand (11%), the Philippines (7.7%), Viet Nam (7.2%), Indonesia (6.6%) and Malaysia (5.7%). South Korea (868K tonnes), New Zealand (804K tonnes), Bangladesh (764K tonnes), Myanmar (693K tonnes) and Japan (536K tonnes) followed a long way behind the leaders.

From 2013 to 2018, average annual rates of growth with regard to nitrogenous fertilizer imports into India stood at -6.9%. At the same time, Myanmar (+24.8%), the Philippines (+12.7%), Japan (+8.7%), Indonesia (+6.8%), Australia (+4.3%), New Zealand (+1.3%) and Bangladesh (+1.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer in Asia-Pacific, with a CAGR of +24.8% from 2013-2018. South Korea and Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-1.8%) and Viet Nam (-4.2%) illustrated a downward trend over the same period. While the share of the Philippines (+3.5 p.p.), Australia (+2.3 p.p.), Myanmar (+2 p.p.) and Indonesia (+1.8 p.p.) increased significantly in terms of the total imports from 2013-2018, the share of Viet Nam (-1.7 p.p.) and India (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($1.7B) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, comprising 30% of total nitrogenous fertilizer imports. The second position in the ranking was occupied by Thailand ($744M), with a 13% share of total imports. It was followed by Australia, with a 11% share.

Import Prices by Country

In 2018, the nitrogenous fertilizer import price in Asia-Pacific amounted to $247 per tonne, picking up by 11% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($318 per tonne), while Indonesia ($162 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

amine compounds

China Remains the Largest Amine Compounds Supplier in Asia-Pacific

IndexBox has just published a new report: ‘Asia-Pacific – Amine-Function Compounds – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Amine Compounds Exports in Asia-Pacific

In 2018, approx. 1.1M tonnes of amine compounds were exported in Asia-Pacific; picking up by 8.6% against the previous year. The total export volume increased at an average annual rate of +5.1% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 15% y-o-y. Over the period under review, amine-function compounds exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, amine-function compounds exports stood at $3.3B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.8% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2017 when exports increased by 16% y-o-y. Over the period under review, amine-function compounds exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China was the major exporter of amine compounds exported in Asia-Pacific, with the volume of exports amounting to 785K tonnes, which was approx. 72% of total exports in 2018. It was distantly followed by India (121K tonnes), Japan (81K tonnes) and South Korea (65K tonnes), together making up a 25% share of total exports.

China was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +7.8% from 2013 to 2018. At the same time, India (+5.5%) and South Korea (+3.4%) displayed positive paces of growth. By contrast, Japan (-5.6%) illustrated a downward trend over the same period. From 2013 to 2018, the share of China and India increased by +23% and +2.6% percentage points, while Japan (-2.5 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.1B) remains the largest amine-function compounds supplier in Asia-Pacific, comprising 64% of total amine-function compounds exports. The second position in the ranking was occupied by India ($521M), with a 16% share of total exports. It was followed by Japan, with a 11% share.

In China, amine-function compounds exports expanded at an average annual rate of +3.3% over the period from 2013-2018. The remaining exporting countries recorded the following average annual rates of exports growth: India (+1.3% per year) and Japan (-2.5% per year).

Export Prices by Country

In 2018, the amine-function compounds export price in Asia-Pacific amounted to $3,029 per tonne, picking up by 2.8% against the previous year. In general, the amine-function compounds export price, however, continues to indicate a significant downturn. The most prominent rate of growth was recorded in 2018 an increase of 2.8% year-to-year. The level of export price peaked at $3,558 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($4,386 per tonne), while South Korea ($2,426 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.

Amine Compounds Imports in Asia-Pacific

In 2018, the amine compounds imports in Asia-Pacific amounted to 1M tonnes, surging by 11% against the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 11% year-to-year. In that year, amine-function compounds imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, amine-function compounds imports totaled $3.2B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.0% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. In that year, amine-function compounds imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, India (253K tonnes), distantly followed by Japan (162K tonnes), South Korea (147K tonnes), China (146K tonnes), Taiwan, Chinese (60K tonnes) and Singapore (54K tonnes) represented the largest importers of amine-function compounds, together comprising 82% of total imports. Indonesia (43K tonnes) held a little share of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($651M), India ($612M) and South Korea ($562M) appeared to be the countries with the highest levels of imports in 2018, together accounting for 58% of total imports.

In terms of the main importing countries, India recorded the highest growth rate of the value of imports, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the amine-function compounds import price in Asia-Pacific amounted to $3,152 per tonne, rising by 4.4% against the previous year. Overall, the amine-function compounds import price, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2017 an increase of 5.1% against the previous year. The level of import price peaked at $3,315 per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($4,019 per tonne), while Singapore ($2,129 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

veneer sheets

Veneer Sheets Market in Asia-Pacific To Post Solid Gains

IndexBox has just published a new report: ‘Asia-Pacific – Veneer Sheets – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the veneer sheets market in Asia-Pacific amounted to $10.8B in 2018. 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). The market value increased at an average annual rate of +1.9% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the veneer sheets market reached its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Consumption By Country in Asia-Pacific

China (2.7M cubic meters) constituted the country with the largest volume of veneer sheets consumption, accounting for 33% of total volume. Moreover, veneer sheets consumption in China exceeded the figures recorded by the second-largest consumer, Viet Nam (1.1M cubic meters), twofold. The third position in this ranking was occupied by Indonesia (684K cubic meters), with a 8.2% share.

In China, veneer sheets consumption remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Viet Nam (+20.9% per year) and Indonesia (+4.6% per year).

In value terms, the largest veneer sheets markets in Asia-Pacific were Viet Nam ($2.8B), China ($2.6B) and Malaysia ($1.7B), together accounting for 66% of the total market.

In 2018, the highest levels of veneer sheets per capita consumption was registered in New Zealand (99 cubic meters per 1000 persons), followed by Malaysia (19 cubic meters per 1000 persons), Viet Nam (12 cubic meters per 1000 persons) and South Korea (7.39 cubic meters per 1000 persons), while the world average per capita consumption of veneer sheets was estimated at 2 cubic meters per 1000 persons.

Market Forecast 2019-2025 in Asia-Pacific

Driven by increasing demand for veneer sheets in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.2% for the period from 2018 to 2030, which is projected to bring the market volume to 11M cubic meters by the end of 2030.

Production in Asia-Pacific

In 2018, the veneer sheets production in Asia-Pacific stood at 7.4M cubic meters, standing approx. at the previous year. The total output volume increased at an average annual rate of +1.2% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, veneer sheets production reached its maximum volume at 7.8M cubic meters in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Production By Country in Asia-Pacific

China (3M cubic meters) remains the largest veneer sheets producing country in Asia-Pacific, accounting for 40% of total volume. Moreover, veneer sheets production in China exceeded the figures recorded by the second-largest producer, Viet Nam (1.1M cubic meters), threefold. The third position in this ranking was occupied by Indonesia (761K cubic meters), with a 10% share.

From 2007 to 2018, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Viet Nam (+20.6% per year) and Indonesia (+5.9% per year).

Exports in Asia-Pacific

In 2018, approx. 817K cubic meters of veneer sheets were exported in Asia-Pacific; going up by 12% against the previous year. The total exports indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +5.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of exports peaked in 2018 and are likely to see steady growth in the near future. In value terms, veneer sheets exports amounted to $843M (IndexBox estimates) in 2018.

Exports by Country

China represented the key exporter of veneer sheets exported in Asia-Pacific, with the volume of exports accounting for 508K cubic meters, which was near 62% of total exports in 2018. Indonesia (97K cubic meters) occupied the second position in the ranking, followed by Myanmar (61K cubic meters) and New Zealand (54K cubic meters). All these countries together held approx. 26% share of total exports. The following exporters – Viet Nam (24K cubic meters) and Malaysia (24K cubic meters) – each recorded a 6% share of total exports.

Exports from China increased at an average annual rate of +10.0% from 2007 to 2018. At the same time, Indonesia (+15.8%), Myanmar (+14.0%) and Viet Nam (+10.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +15.8% from 2007-2018. By contrast, New Zealand (-1.5%) and Malaysia (-7.1%) illustrated a downward trend over the same period.

In value terms, China ($448M) remains the largest veneer sheets supplier in Asia-Pacific, comprising 53% of total veneer sheets exports. The second position in the ranking was occupied by Indonesia ($88M), with a 10% share of total exports. It was followed by Malaysia, with a 9% share.

Export Prices by Country

The veneer sheets export price in Asia-Pacific stood at $1,032 per cubic meter in 2018, reducing by -1.7% against the previous year. Overall, the veneer sheets export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($3,129 per cubic meter), while New Zealand ($684 per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

Imports in Asia-Pacific

In 2018, the veneer sheets imports in Asia-Pacific totaled 1.7M cubic meters, picking up by 5.6% against the previous year. In general, veneer sheets imports continue to indicate buoyant growth. In value terms, veneer sheets imports totaled $1.1B (IndexBox estimates) in 2018.

Imports by Country

Japan (515K cubic meters) and India (351K cubic meters) represented the main importers of veneer sheets in 2018, reaching near 30% and 20% of total imports, respectively. China (227K cubic meters) held a 13% share (based on tonnes) of total imports, which put it in second place, followed by South Korea (9.4%), Taiwan, Chinese (7.2%), Malaysia (5.7%) and Viet Nam (5.1%).

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($227M), Japan ($185M) and Viet Nam ($114M) constituted the countries with the highest levels of imports in 2018, together accounting for 49% of total imports.

Import Prices by Country

The veneer sheets import price in Asia-Pacific stood at $619 per cubic meter in 2018, growing by 5.9% against the previous year. In general, the veneer sheets import price, however, continues to indicate a slight decrease.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Viet Nam ($1,293 per cubic meter), while Japan ($358 per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform