Eastern Asia: Fiberboard Market 2024

Fiberboard Market Size in Eastern Asia

The East Asian fiberboard market was finally on the rise to reach $X in 2022, after three years of decline. 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 reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Fiberboard Production in Eastern Asia

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 +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Fiberboard Exports

Exports in Eastern Asia

Fiberboard exports contracted to X cubic meters in 2022, with a decrease of -10.7% against 2021. Over the period under review, exports saw a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 48%. The volume of export peaked 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. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the fiber board of wood or other ligneous materials exports, with a CAGR of -3.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fiberboard supplier in Eastern Asia.

In China, fiberboard exports shrank by an average annual rate of -2.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per cubic meter, surging by 13% against the previous year. In general, the export price recorded 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 export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.3% per year.

Fiberboard Imports

Imports in Eastern Asia

In 2022, the amount of fiber board of wood or other ligneous materials imported in Eastern Asia reduced to X cubic meters, shrinking by -5.1% against 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fiberboard imports stood at $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Japan was the major importer of fiber board of wood or other ligneous materials in Eastern Asia, with the volume of imports finishing at X cubic meters, which was near 50% of total imports in 2022. It was distantly followed by South Korea (X cubic meters), Taiwan (Chinese) (X cubic meters) and China (X cubic meters), together constituting a 50% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported fiber board of wood or other ligneous materials in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (+0.5% per year) and South Korea (+4.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2022, picking up by 8.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per cubic meter), while South Korea ($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 China (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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