Thailand Lumber Market: Import Trend Analysis
Thailand import trend for the lumber market experienced a decline from 2023 to 2024, with a growth rate of -30.21%. The compound annual growth rate (CAGR) from 2020 to 2024 was -20.6%. This negative momentum can be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
Lumber Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Lumber market in Thailand is projected to expand at a stable growth rate of 1.49% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Thailand Lumber Market Synopsis
The lumber market in Thailand is expected to witness a CAGR of 4.8% during the forecast period 2025-2031. In terms of value, the market was estimated at USD 644 million in 2025 and is projected to reach USD 812 million by 2031. The increasing demand for timber from industrial and commercial sectors such as furniture, construction, paper & pulp industry among others are driving the growth of this market in Thailand.
Market Drivers
Some of the key drivers contributing to its growth include rapid urbanization which has led to an increase in construction activities; rising disposable income leading to increased demand for wood based products; government initiatives encouraging investments into forestry sector; growing paper & pulp industry due to increased consumption of tissue papers and toilet rolls etc.; availability of various species like teak, rubberwood among others along with strong presenceof domestic producers are also favouring the growthof thismarketinThailand.
Challenges of the Market
However there are some factors that might be restrainingthegrowthoftheThailand lumber market such as decline in timber production due to prohibitive forestry policies and regulations by Government to preserve environmental with illegal logging activities resulting in reduced availability of trees for production purposes among others.
Covid-19 Impact on the Market
The COVID-19 pandemic has had a negative impact on the global lumber market including Thailand due to disruptions caused by lockdowns imposed across countries throughout 2025 which have resulted in frozen movement and operations especially within industries related toe trading like construction etc.,there by affecting the sales and supply chain of the lumber market in Thailand during this period of time.
Key Players of the Market
Major players operating in Thailand Lumber Market include Siam Timber Products Co., Ltd., Thailand Plywood Company Limited, Kanok Phol Group Co., Ltd., Suksawad Plywood Co.,Ltd., WBP THAILAND LTD,, KTC Wood Products Co,. Ltd, GULF PLYWOOD INDUSTRY CO,. LTD..
Key Highlights of the Report:
- Thailand Lumber Market Outlook
- Market Size of Thailand Lumber Market, 2025
- Forecast of Thailand Lumber Market, 2032
- Historical Data and Forecast of Thailand Lumber Revenues & Volume for the Period 2022-2032F
- Thailand Lumber Market Trend Evolution
- Thailand Lumber Market Drivers and Challenges
- Thailand Lumber Price Trends
- Thailand Lumber Porter's Five Forces
- Thailand Lumber Industry Life Cycle
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Types for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Hardwood Lumber for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Softwood Lumber for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Application for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Construction for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Furniture for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Flooring for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Moldings for the Period 2022-2032F
- Historical Data and Forecast of Thailand Lumber Market Revenues & Volume By Others for the Period 2022-2032F
- Thailand Lumber Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Application
- Thailand Lumber Top Companies Market Share
- Thailand Lumber Competitive Benchmarking By Technical and Operational Parameters
- Thailand Lumber Company Profiles
- Thailand Lumber Key Strategic Recommendations
