China: Fiberboard Market 2024

Fiberboard Market Size in China

In 2022, the Chinese fiberboard market increased by 0.3% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Fiberboard Production in China

In value terms, fiberboard production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2018 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Fiberboard Exports

Exports from China

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were exported from China; falling by -10.8% against 2021. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. Over the period under review, the exports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fiberboard exports totaled $X in 2022. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters), Nigeria (X cubic meters) and the United States (X cubic meters) were the main destinations of fiberboard exports from China, together accounting for 29% of total exports. The United Arab Emirates, Vietnam, Mexico, Canada, Egypt, Uzbekistan, Australia, Jordan, Algeria and Russia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from China, comprising 15% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 7.3% share of total exports. It was followed by Vietnam, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+11.4% per year) and Vietnam (+6.6% per year).

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, with an increase of 13% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Algeria ($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 Vietnam (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into China

In 2022, fiberboard imports into China dropped rapidly to X cubic meters, reducing by -33.6% compared with the year before. Overall, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2016 when imports increased by 13%. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fiberboard imports declined notably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X cubic meters), Thailand (X cubic meters) and New Zealand (X cubic meters) were the main suppliers of fiberboard imports to China, with a combined 59% share of total imports. Belgium, Spain, Switzerland, Poland, the Netherlands, Australia, Romania, Russia, Indonesia and Italy lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +117.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Spain ($X) appeared to be the largest fiberboard suppliers to China, together accounting for 54% of total imports. New Zealand, Thailand, the Netherlands, Switzerland, Poland, Russia, Italy, Australia, Romania and Indonesia lagged somewhat behind, together accounting for a further 37%.

The Netherlands, with a CAGR of +114.3%, 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

The average fiberboard import price stood at $X per cubic meter in 2022, growing by 12% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +43.0% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for Thailand ($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 Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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