Veneer Sheets Market Overview in Asia-Pacific
In value terms, veneer sheets production stood at $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017 when production volume increased by % y-o-y. The level of veneer sheets production peaked in 2018 and is expected to retain its growth in the near future.
The country with the largest volume of veneer sheets production was China ( cubic meters), accounting for % of total volume. Moreover, veneer sheets production in China exceeded the figures recorded by the second-largest producer, Viet Nam ( cubic meters), threefold. Indonesia ( cubic meters) ranked third in terms of total production with a % share.
In China, veneer sheets production remained relatively stable over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Viet Nam (+% per year) and Indonesia (+% per year).
The revenue of the veneer sheets market in Asia-Pacific amounted to $ in 2018, growing by % 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 market value increased at an average annual rate of +% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, the veneer sheets market reached its maximum level in 2018 and is likely to continue its growth in the in years to come.
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 (+% per year) and Indonesia (+% per year).
In value terms, the largest veneer sheets markets in Asia-Pacific were China ($), Viet Nam ($) and Malaysia ($), with a combined % share of the total market.
Viet Nam recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while veneer sheets market for the other leaders experienced more modest paces of growth.
In 2018, the highest levels of veneer sheets per capita consumption was registered in New Zealand ( cubic meters per persons), followed by Malaysia ( cubic meters per persons), Viet Nam ( cubic meters per persons) and South Korea ( cubic meters per persons), while the world average per capita consumption of veneer sheets was estimated at cubic meters per persons.
From 2007 to 2018, the average annual rate of growth in terms of the veneer sheets per capita consumption in New Zealand amounted to -%. In the other countries, the average annual rates were as follows: Malaysia (-% per year) and Viet Nam (+% per year).