Hardboard Market Overview in Asia-Pacific
In value terms, hardboard production expanded to $ in 2019 estimated in export prices. In general, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2009 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
China ( cubic meters) remains the largest hardboard producing country in Asia-Pacific, accounting for % of total volume. Moreover, hardboard production in China exceeded the figures recorded by the second-largest producer, Malaysia ( cubic meters), more than tenfold.
In China, hardboard production expanded at an average annual rate of +% over the period from 2007-2019.
The revenue of the hardboard market in Asia-Pacific stood at $ in 2019, with an increase of % 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, consumption posted a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. The level of consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2019, the average annual growth rate of volume in China totaled +%. In the other countries, the average annual rates were as follows: Malaysia (+% per year) and India (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Malaysia ($). It was followed by India.
In China, the hardboard market expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Malaysia (+% per year) and India (+% per year).
The countries with the highest levels of hardboard per capita consumption in 2019 were Malaysia ( cubic meters per persons), Australia ( cubic meters per persons) and China ( cubic meters per persons).
From 2007 to 2019, the biggest increases were in China, while hardboard per capita consumption for the other leaders experienced more modest paces of growth.