Europe: Composite Paperboard Market 2024

Composite Paperboard Market Size in Europe

The Europe composite paperboard market rose modestly to $X in 2021, growing by 2.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.3% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Composite Paperboard Production in Europe

In value terms, composite paperboard production declined modestly to $X in 2021 estimated in export price. In general, production, however, showed a mild setback. The growth pace was the most rapid in 2017 when the production volume increased by 7.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Composite Paperboard Exports

Exports in Europe

In 2021, overseas shipments of composite paper and paperboard were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, composite paperboard exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X tons) represented the major exporter of composite paper and paperboard, constituting 66% of total exports. It was distantly followed by Germany (X tons) and Italy (X tons), together constituting a 19% share of total exports. Spain (X tons), France (X tons), Finland (X tons) and Poland (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of composite paper and paperboard. At the same time, Poland (+7.9%) and France (+3.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +7.9% from 2012-2021. Italy and Germany experienced a relatively flat trend pattern. By contrast, Finland (-2.5%) and Spain (-5.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest composite paperboard supplier in Europe, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Italy, with a 6% share.

In the Netherlands, composite paperboard exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.5% per year) and Italy (+4.0% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the other leaders experienced more modest paces of growth.

Composite Paperboard Imports

Imports in Europe

After two years of decline, overseas purchases of composite paper and paperboard increased by 10% to X tons in 2021. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, composite paperboard imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), followed by the UK (X tons), Poland (X tons), Germany (X tons), France (X tons), Italy (X tons) and Spain (X tons) were the largest importers of composite paper and paperboard, together achieving 67% of total imports. The Czech Republic (X tons), the Netherlands (X tons), Portugal (X tons), Sweden (X tons), Latvia (X tons) and Austria (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 36% of total imports. Poland, France, Italy, the Czech Republic, Spain, the Netherlands, Sweden, Austria, Portugal and Latvia lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, the Czech Republic, with a CAGR of +8.0%, 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

The import price in Europe stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform