Belarus: Fiberboard Market 2024

Fiberboard Market Size in Belarus

The Belarusian fiberboard market expanded to $X in 2022, picking up by 2.1% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fiberboard Production in Belarus

In value terms, fiberboard production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. Fiberboard production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fiberboard Exports

Exports from Belarus

After eight years of growth, shipments abroad of fiber board of wood or other ligneous materials decreased by -12.3% to X cubic meters in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 99% against the previous year. The exports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, fiberboard exports surged to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 95%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X cubic meters), Ukraine (X cubic meters) and Poland (X cubic meters) were the main destinations of fiberboard exports from Belarus, with a combined 73% share of total exports. Lithuania, Azerbaijan, Kazakhstan and Romania lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +67.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fiberboard exported from Belarus were Russia ($X), Ukraine ($X) and Poland ($X), together comprising 71% of total exports. Lithuania, Kazakhstan, Romania and Azerbaijan lagged somewhat behind, together comprising a further 17%.

Romania, with a CAGR of +88.8%, saw the highest growth rate of 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 fiberboard export price stood at $X per cubic meter in 2022, rising by 37% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($X per cubic meter) and Romania ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) and Lithuania ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Belarus

After two years of growth, supplies from abroad of fiber board of wood or other ligneous materials decreased by -36.2% to X cubic meters in 2022. Over the period under review, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fiberboard imports shrank to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest supplier of fiberboard to Belarus, with a 56% share of total imports. Moreover, fiberboard imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X cubic meters), threefold. Poland (X cubic meters) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-1.0% per year) and Poland (-6.3% per year).

In value terms, the largest fiberboard suppliers to Belarus were Russia ($X), Poland ($X) and Ukraine ($X), together accounting for 88% of total imports. Germany, Turkey and Romania lagged somewhat behind, together comprising a further 8.9%.

Among the main suppliers, Turkey, with a CAGR of +6.1%, 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

In 2022, the average fiberboard import price amounted to $X per cubic meter, jumping by 39% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fiberboard import price increased by +67.1% against 2020 indices. 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 Turkey ($X per cubic meter), while the price for Ukraine ($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 Poland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :