Australia: Waferboard Market 2024

Waferboard Market Size in Australia

The Australian waferboard market dropped to $X in 2021, waning by -12.7% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.5% against 2019 indices. Waferboard consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Waferboard Production in Australia

In value terms, waferboard production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Waferboard production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Waferboard Exports

Exports by Country

New Caledonia (X cubic meters) was the main destination for waferboard exports from Australia, accounting for a 47% share of total exports. Moreover, waferboard exports to New Caledonia exceeded the volume sent to the second major destination, Papua New Guinea (X cubic meters), twofold. Fiji (X cubic meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Caledonia amounted to +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+32.4% per year) and Fiji (+40.6% per year).

In value terms, New Caledonia ($X), New Zealand ($X) and Fiji ($X) appeared to be the largest markets for waferboard exported from Australia worldwide, together accounting for 76% of total exports.

Fiji, with a CAGR of +29.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average waferboard export price stood at $X per cubic meter in 2021, with an increase of 18% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-2.3%), while the prices for the other major destinations experienced a decline.

Waferboard Imports

Imports into Australia

In 2021, overseas purchases of waferboards were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed a modest increase. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, waferboard imports surged to $X in 2021. Overall, imports posted temperate growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand (X cubic meters), Austria (X cubic meters) and Italy (X cubic meters) were the main suppliers of waferboard imports to Australia, with a combined 48% share of total imports. These countries were followed by China, Germany, Romania, Thailand, Spain, Brazil, the Netherlands, Portugal, Poland and Malaysia, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waferboard suppliers to Australia were Italy ($X), Austria ($X) and New Zealand ($X), with a combined 53% share of total imports. These countries were followed by China, Germany, Poland, Romania, the Netherlands, Thailand, Malaysia, Spain, Portugal and Brazil, which together accounted for a further 42%.

Portugal, with a CAGR of +61.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average waferboard import price amounted to $X per cubic meter, jumping by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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