Hardboard Market Overview in Malaysia
In value terms, hardboard production totaled $ in 2019 estimated in export prices. Overall, the total production indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2009 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2010 to 2019, production growth failed to regain the momentum.
The revenue of the hardboard market in Malaysia stood at $ in 2019, picking up 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). In general, consumption enjoyed a buoyant increase. The growth pace was the most rapid in 2009 when the market value increased by % against the previous year. Hardboard consumption peaked at $ in 2010; however, from 2011 to 2019, consumption stood at a somewhat lower figure.