Particle Board Price Trend and Forecast

Particle Board Regional Price Overview

Get the latest insights on price movement and trend analysis of Particle Board in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Particle Board Price Trend for the First Half of 2024

In the first half of 2024, the particle board market in India experienced a notable recovery following the challenges of 2023. Last year, the industry faced a sharp decline in prices due to oversupply, particularly in key production regions such as Gujarat and Maharashtra, coupled with weak demand in the retail sector. However, 2024 brought a shift in market dynamics, primarily driven by increasing demand from the ready-made furniture sector and Original Equipment Manufacturers (OEMs).
 

Particle Board Price Chart

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The introduction of BIS standards for particle boards also created a favorable environment for domestic manufacturers, as it posed challenges for imported products, allowing local producers to gain a stronger foothold in the market. Moreover, the establishment of mega-production plants by prominent brands such as Merino and Greenlam has enhanced consumer awareness of quality standards, which further supported the price recovery. As a result, particle board prices in India have shown a steady upward trend in the first half of 2024, marking a positive turn for the industry and setting the stage for sustained growth throughout the year.

Analyst Insight

According to Procurement Resource, given the balance in supply and demand dynamics, the Particle Board industry is likely to remain balanced in the coming months.
 

Particle Board Price Trend for the Second Half of 2023

Particle Board prices were witnessed to be wavering throughout the span of the last six months of 2023. Although a muted market trend was observed for the majority of the year, the market sentiments were still relatively positive during the third quarter. A rise in the crude oil prices and manufacturing costs raised the upstream prices for particle boards.

The feedstock procurement was also tepid. However, the last three months of the year were relatively sluggish compared to the previous quarter. The prices turned down as the crude oil costs plummeted, and the downstream demands were also not as supportive of the price trend. Overall, muted market sentiments were witnessed in H2’23.

Analyst Insight

According to Procurement Resource, the Particle Board price trends are likely to waver even more in the coming months as consumption is expected to tumble further down going forward.
 

Particle Board Price Trend for the First Half of 2023

The particle board market in the first and second quarters of 2023 was rather sluggish as its demand declined in the global markets. The major cause of this declining market sentiment was the reduction in construction activities and high uncertainties in the economy. The fall in particle board was much more significant in the Asian Pacific region as the Asian currency depreciated with respect to the US dollar. This affected the rates of import and production, hampering the growth of the particle board price trend.

Due to the economic stress faced by consumers and fluctuations in the cost of crude oil cost, the purchasing potential of buyers declined consistently. However, in India, the rate of imports from neighboring countries increased significantly during the second quarter by approximately 28%, giving little hope for the revival of the particle board industry.

Analyst Insight

According to Procurement Resource, the price of Particle Board is estimated to depict an oscillating trend as the demand from the end-user sector and rates of imports in India seem to be improving, but rising inflation will prove to be a challenge.

Procurement Resource provides latest prices of Particle Board. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.