Belgium: Fiberboard Market 2024

Fiberboard Market Size in Belgium

The Belgian fiberboard market contracted sharply to $X in 2022, waning by -25% against the previous year. In general, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Fiberboard Production in Belgium

In value terms, fiberboard production reached $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 3.7%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fiberboard Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of fiber board of wood or other ligneous materials, when their volume decreased by -5.7% to X cubic meters. Overall, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 150%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fiberboard exports declined to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

France (X cubic meters), the Netherlands (X cubic meters) and the UK (X cubic meters) were the main destinations of fiberboard exports from Belgium, together accounting for 43% of total exports. Sweden, Italy, the United States, Spain, Germany, Poland, Australia, Malaysia, Israel and Norway lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from Belgium, comprising 26% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports. It was followed by the UK, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.4% per year) and the UK (+0.7% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, remaining constant against the previous year. In general, the export price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2016 an increase of 173%. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to Malaysia ($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 France (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Belgium

After three years of growth, overseas purchases of fiber board of wood or other ligneous materials decreased by -13.8% to X cubic meters in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 276% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced in the following year.

In value terms, fiberboard imports fell slightly to $X in 2022. Overall, total imports indicated a moderate 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, imports increased by +51.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, France (X cubic meters) constituted the largest supplier of fiberboard to Belgium, with a 56% share of total imports. Moreover, fiberboard imports from France exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), threefold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and the Netherlands (+15.4% per year).

In value terms, France ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Belgium, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.6% per year) and the Netherlands (+3.5% per year).

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, picking up by 13% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 55%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per cubic meter), while the price for the Netherlands ($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 Luxembourg (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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