Europe: Hardboard Market 2024

Hardboard Market Size in Europe

The Europe hardboard market soared to $X in 2022, growing by 22% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hardboard Production in Europe

In value terms, hardboard production reached $X in 2022 estimated in export price. Over the period under review, production showed a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Hardboard Exports

Exports in Europe

After three years of growth, overseas shipments of hardboard decreased by -22.6% to X cubic meters in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 6.3% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then plummeted in the following year.

In value terms, hardboard exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Germany (X cubic meters), distantly followed by France (X cubic meters), Poland (X cubic meters), Belarus (X cubic meters), Belgium (X cubic meters) and Russia (X cubic meters) represented the major exporters of hardboard, together comprising 77% of total exports. The following exporters - Luxembourg (X cubic meters), the Netherlands (X cubic meters), Austria (X cubic meters), Spain (X cubic meters), Lithuania (X cubic meters), Finland (X cubic meters) and Romania (X cubic meters) - each amounted to a 14% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest hardboard supplier in Europe, comprising 35% of total exports. The second position in the ranking was taken by Poland ($X), with a 14% share of total exports. It was followed by Belgium, with an 11% share.

In Germany, hardboard exports shrank by an average annual rate of -3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+4.7% per year) and Belgium (+4.5% per year).

Export Prices by Country

The export price in Europe stood at $X per cubic meter in 2022, increasing by 40% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. 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 Germany ($X per cubic meter), while Russia ($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 the Netherlands (+17.7%), while the other leaders experienced more modest paces of growth.

Hardboard Imports

Imports in Europe

In 2022, the amount of hardboard imported in Europe declined to X cubic meters, with a decrease of -6.4% compared with 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hardboard imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X cubic meters) and the Netherlands (X cubic meters) were the main importers of hardboard in Europe, together finishing at approx. 31% of total imports. France (X cubic meters) held the next position in the ranking, followed by Germany (X cubic meters), Denmark (X cubic meters) and Russia (X cubic meters). All these countries together held near 26% share of total imports. The following importers - Italy (X cubic meters), the UK (X cubic meters), Romania (X cubic meters), Lithuania (X cubic meters), Sweden (X cubic meters), Poland (X cubic meters) and Bulgaria (X cubic meters) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hardboard importing markets in Europe were Belgium ($X), France ($X) and Germany ($X), with a combined 30% share of total imports. The UK, Romania, Lithuania, the Netherlands, Italy, Sweden, Russia, Poland, Bulgaria and Denmark lagged somewhat behind, together comprising a further 45%.

In terms of the main importing countries, Denmark, with a CAGR of +14.3%, recorded the highest rates of growth with regard to 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 cubic meter in 2022, with an increase of 25% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard import price increased by +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 45%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per cubic meter), while Denmark ($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 (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform