EU: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in the EU

The EU market for wood boxes, crates and cable drums expanded markedly to $X in 2022, surging by 7.7% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.9%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Wood Boxes, Crates and Cable Drums in the EU

In value terms, wood box and cable drum production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Wood Boxes, Crates and Cable Drums

Exports in the EU

Wood box and cable drum exports skyrocketed to X units in 2022, with an increase of 17% against 2021 figures. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, wood box and cable drum exports expanded significantly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.7% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Poland (X units), Spain (X units), the Czech Republic (X units), Germany (X units), Belgium (X units), France (X units), the Netherlands (X units), Italy (X units), Estonia (X units), Austria (X units), Slovakia (X units) and Sweden (X units) represented roughly 86% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, with a combined 36% share of total exports. The Czech Republic, the Netherlands, France, Belgium, Italy, Estonia, Austria, Slovakia and Sweden lagged somewhat behind, together comprising a further 49%.

Among the main exporting countries, the Netherlands, with a CAGR of +15.1%, recorded 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

The export price in the European Union stood at $X per unit in 2022, reducing by -2.8% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by 9.7%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports in the EU

In 2022, the amount of wood boxes, crates and cable drums imported in the European Union expanded notably to X units, increasing by 15% compared with the previous year. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports rose sharply to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +41.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X units) and Germany (X units) represented roughly 50% of total imports in 2022. France (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Spain (8.6%) and Austria (5.2%). Italy (X units), Belgium (X units), the Czech Republic (X units), Sweden (X units), Portugal (X units), Romania (X units), Greece (X units) and Finland (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, with a combined 49% share of total imports. Austria, Italy, Sweden, the Czech Republic, Belgium, Portugal, Spain, Finland, Romania and Greece lagged somewhat behind, together accounting for a further 34%.

Finland, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, reducing by -3.6% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price 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, wood box and cable drum import price increased by +37.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. The level of import peaked at $X per unit in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Portugal ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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