EU: Fiberboard Market 2024

Fiberboard Market Size in the EU

In 2022, the EU fiberboard market increased by 11% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Fiberboard Production in the EU

In value terms, fiberboard production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of 8.3%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Fiberboard Exports

Exports in the EU

After three years of growth, shipments abroad of fiber board of wood or other ligneous materials decreased by -13.7% to X cubic meters in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, fiberboard exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

In 2022, Germany (X cubic meters), distantly followed by the Netherlands (X cubic meters), Poland (X cubic meters), Belgium (X cubic meters), France (X cubic meters), Spain (X cubic meters) and Romania (X cubic meters) were the main exporters of fiber board of wood or other ligneous materials, together creating 77% of total exports. Austria (X cubic meters), Ireland (X cubic meters), Portugal (X cubic meters), Hungary (X cubic meters), Italy (X cubic meters) and Luxembourg (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fiberboard exports from Germany stood at -1.1%. At the same time, the Netherlands (+17.2%), Luxembourg (+5.6%), Hungary (+3.4%), Spain (+2.4%), Romania (+2.0%) and Ireland (+1.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.2% from 2012-2022. France, Poland and Portugal experienced a relatively flat trend pattern. By contrast, Belgium (-2.5%), Austria (-4.5%) and Italy (-7.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+8.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-2.4 p.p.), Austria (-2.5 p.p.), Belgium (-3.3 p.p.) and Germany (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest fiberboard supplier in the European Union, comprising 31% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Belgium, with an 11% share.

In Germany, fiberboard exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+4.6% per year) and Belgium (+2.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per cubic meter in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the export 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 suppliers, the country with the highest price was Austria ($X per cubic meter), while the Netherlands ($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 Italy (+7.0%), while the other leaders experienced more modest paces of growth.

Fiberboard Imports

Imports in the EU

In 2022, purchases abroad of fiber board of wood or other ligneous materials decreased by -10.6% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. The volume of import peaked at X cubic meters in 2021, and then dropped in the following year.

In value terms, fiberboard imports shrank slightly to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +29.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the Netherlands (X cubic meters), followed by Italy (X cubic meters), Belgium (X cubic meters), Germany (X cubic meters) and France (X cubic meters) were the largest importers of fiber board of wood or other ligneous materials, together making up 59% of total imports. Spain (X cubic meters), Denmark (X cubic meters), Sweden (X cubic meters), Portugal (X cubic meters), Poland (X cubic meters), Romania (X cubic meters), Lithuania (X cubic meters) and Slovakia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 35% share of total imports. The Netherlands, Belgium, Spain, Sweden, Romania, Portugal, Lithuania, Poland, Denmark and Slovakia lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Lithuania, with a CAGR of +9.9%, saw 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 import price in the European Union amounted to $X per cubic meter, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the Netherlands ($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 the Netherlands (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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