EU: Insulating Board Market 2024

Insulating Board Market Size in the EU

The EU insulating board market expanded markedly to $X in 2022, with an increase of 9.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Insulating Board Production in the EU

In value terms, insulating board production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 2016 when the production volume increased by 59% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Insulating Board Exports

Exports in the EU

In 2022, after ten years of growth, there was significant decline in shipments abroad of insulating board, when their volume decreased by -12.9% to X cubic meters. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. The volume of export peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, insulating board exports expanded modestly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +69.0% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Poland (X cubic meters) represented the key exporter of insulating board, comprising 59% of total exports. Germany (X cubic meters) ranks second in terms of the total exports with a 17% share, followed by France (9.8%). Estonia (X cubic meters), the Netherlands (X cubic meters) and Portugal (X cubic meters) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +6.4% from 2012 to 2022. At the same time, France (+13.7%), the Netherlands (+13.6%) and Germany (+3.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.7% from 2012-2022. By contrast, Estonia (-2.3%) and Portugal (-6.2%) illustrated a downward trend over the same period. While the share of Poland (+10 p.p.) and France (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-2.2 p.p.), Estonia (-2.5 p.p.) and Portugal (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest insulating board supplier in the European Union, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by France, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +12.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+1.6% per year) and France (+14.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per cubic meter, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($X per cubic meter), while France ($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 Portugal (+5.4%), while the other leaders experienced more modest paces of growth.

Insulating Board Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of insulating board, when their volume decreased by -11.4% to X cubic meters. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. The volume of import peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, insulating board imports fell to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +65.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany represented the largest importer of insulating board in the European Union, with the volume of imports amounting to X cubic meters, which was approx. 37% of total imports in 2022. The Netherlands (X cubic meters) ranks second in terms of the total imports with a 14% share, followed by Italy (10%), France (8.8%) and Belgium (6.9%). The following importers - Austria (X cubic meters), Denmark (X cubic meters), Slovakia (X cubic meters), the Czech Republic (X cubic meters) and Finland (X cubic meters) - together made up 14% of total imports.

From 2012 to 2022, average annual rates of growth with regard to insulating board imports into Germany stood at +4.5%. At the same time, the Czech Republic (+16.2%), Belgium (+10.2%), Austria (+7.6%), the Netherlands (+3.4%), Slovakia (+3.0%) and Italy (+2.2%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.2% from 2012-2022. France and Denmark experienced a relatively flat trend pattern. By contrast, Finland (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Belgium and the Czech Republic increased by +4.6, +3.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported insulating board in the European Union, comprising 37% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: France (-0.1% per year) and Italy (+3.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per cubic meter, with an increase of 4.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 12%. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Austria ($X per cubic meter), while Belgium ($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 Czech Republic (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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