The Indonesian plywood industry is forecast to reach rapid growth in value by 2022. Production has been on a slight decline in recent years, but is expected to pick up again in the coming years. The strongest growth is anticipated in 2018, with an increase compared to the previous year. This will bring production levels back up to the peak reached in 2019. However, growth is expected to remain at a lower rate in the next few years.
Exports from Indonesia
There was a surge in the amount of plywood exported from Indonesia in 2021, with a significant increase compared to 2020. In general, exports have shown a relatively flat trend pattern over the past few years. However, there was a peak in 2015, and since then exports have remained at a lower level. In terms of value, plywood exports increased significantly in 2021. The total export value has been growing at an average annual rate over the past few years, but there have been some noticeable fluctuations in certain years. As a result, exports have reached a peak and are likely to continue growing in the immediate term.
Plywood Export From Indonesia by Country
Indonesia’s main plywood export destinations are the United States, Japan, and South Korea, which together make up the lion’s share of total exports. From 2012 to 2021, the U.S. saw the biggest increases in plywood shipments from Indonesia, while the other largest plywood importers from Indonesia experienced more slow paces of growth. According to export value, the United States, Japan & South Korea are the largest markets for plywood exported from Indonesia. Among the main countries of destination, the United States saw the highest growth rate in the value of exports over the period under review.
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