Wood-Based Panels Market Overview in Japan
In value terms, wood-based panels production expanded modestly to $ in 2018 estimated in export prices. In general, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Wood-based panels production peaked at $ in 2009; however, from 2010 to 2018, production failed to regain the momentum.
The revenue of the wood-based panels market in Japan rose remarkably to $ in 2018, surging 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). Over the period under review, the total consumption indicated tangible growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.
From 2007 to 2018, the average annual growth rate of the volume of consumption of plywood totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: particle boards (-% per year) and fibreboard (-% per year).
In value terms, plywood ($) led the market, alone. The second position in the ranking was occupied by fibreboard ($). It was followed by particle boards.
From 2007 to 2018, the average annual growth rate of the market volume of plywood totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: fibreboard (-% per year) and particle boards (-% per year).