Bangladesh: Fiberboard Market 2024

Fiberboard Market Size in Bangladesh

The Bangladeshi fiberboard market declined significantly to $X in 2022, shrinking by -18.9% 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). Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.0% against 2020 indices. Fiberboard consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fiberboard Exports

Exports from Bangladesh

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were exported from Bangladesh; surging by 2.7% against the previous year's figure. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 2,820%. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, fiberboard exports expanded modestly to $X in 2022. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 11,308% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X cubic meters) was the main destination for fiberboard exports from Bangladesh, with a 68% share of total exports. Moreover, fiberboard exports to Slovakia exceeded the volume sent to the second major destination, India (X cubic meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.0% per year) and Switzerland (0.0% per year).

In value terms, Slovakia ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from Bangladesh, comprising 89% of total exports. The second position in the ranking was taken by India ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-12.5% per year) and Switzerland (0.0% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, approximately equating the previous year. In general, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2015 an increase of 298% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per cubic meter), while the average price for exports to India ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Fiberboard Imports

Imports into Bangladesh

In 2022, the amount of fiber board of wood or other ligneous materials imported into Bangladesh dropped to X cubic meters, waning by -13.4% against the year before. Overall, imports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2016 with an increase of 58% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fiberboard imports declined remarkably to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X cubic meters), Malaysia (X cubic meters) and Thailand (X cubic meters) were the main suppliers of fiberboard imports to Bangladesh, with a combined 91% share of total imports. Indonesia and Vietnam lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fiberboard suppliers to Bangladesh were China ($X), Thailand ($X) and Malaysia ($X), with a combined 81% share of total imports. Indonesia and Vietnam lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Vietnam, with a CAGR of +36.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, waning by -8.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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