Estonia: Fiberboard Market 2024

Fiberboard Market Size in Estonia

The Estonian fiberboard market expanded remarkably to $X in 2022, surging by 6.3% against the previous year. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Fiberboard Production in Estonia

In value terms, fiberboard production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13%. Fiberboard production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fiberboard Exports

Exports from Estonia

In 2022, the amount of fiber board of wood or other ligneous materials exported from Estonia fell to X cubic meters, declining by -12.9% against 2021 figures. The total export volume increased at an average annual rate of +2.4% 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 2014 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then contracted in the following year.

In value terms, fiberboard exports totaled $X in 2022. The total export value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X cubic meters), Finland (X cubic meters) and Denmark (X cubic meters) were the main destinations of fiberboard exports from Estonia, together accounting for 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +16.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Finland ($X) constituted the largest markets for fiberboard exported from Estonia worldwide, with a combined 58% share of total exports. Denmark, the UK, Latvia, Norway, the Netherlands and Russia lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Denmark, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Norway ($X per cubic meter), while the average price for exports to the UK ($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 Sweden (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Estonia

After two years of growth, purchases abroad of fiber board of wood or other ligneous materials decreased by -15.7% to X cubic meters in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 25%. Imports peaked at X cubic meters in 2021, and then contracted significantly in the following year.

In value terms, fiberboard imports rose slightly to $X in 2022. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia (X cubic meters), Poland (X cubic meters) and Germany (X cubic meters) were the main suppliers of fiberboard imports to Estonia, with a combined 67% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fiberboard suppliers to Estonia were Poland ($X), Germany ($X) and Russia ($X), together accounting for 61% of total imports. Lithuania, Belgium, Ireland, Belarus, Finland and Ukraine lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Lithuania, with a CAGR of +26.2%, 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, growing by 21% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +65.5% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 21%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for Russia ($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 Ukraine (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform