Europe: Waferboard Market 2024

Waferboard Market Size in Europe

The Europe waferboard market stood at $X in 2021, growing by 3.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 7.9% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Waferboard Production in Europe

In value terms, waferboard production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Waferboard Exports

Exports in Europe

In 2021, overseas shipments of waferboards increased by 16% to X cubic meters for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waferboard exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Austria (X cubic meters), Germany (X cubic meters) and Russia (X cubic meters) represented the major exporter of waferboards in Europe, achieving 38% of total export. It was distantly followed by Belgium (X cubic meters), Belarus (X cubic meters), France (X cubic meters), Spain (X cubic meters), Poland (X cubic meters) and the Czech Republic (X cubic meters), together achieving a 30% share of total exports. Romania (X cubic meters), Slovakia (X cubic meters), Italy (X cubic meters) and Portugal (X cubic meters) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Russia ($X) were the countries with the highest levels of exports in 2021, with a combined 41% share of total exports. Italy, France, Spain, Belgium, Poland, the Czech Republic, Belarus, Romania, Portugal and Slovakia lagged somewhat behind, together accounting for a further 43%.

Belarus, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per cubic meter, increasing by 23% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per cubic meter), while Slovakia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the other leaders experienced more modest paces of growth.

Waferboard Imports

Imports in Europe

In 2021, waferboard imports in Europe expanded remarkably to X cubic meters, growing by 13% compared with the year before. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waferboard imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some 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

Germany (X cubic meters) and Poland (X cubic meters) were the largest importers of waferboards in 2021, resulting at near 16% and 14% of total imports, respectively. It was distantly followed by Italy (X cubic meters), the Netherlands (X cubic meters), Austria (X cubic meters) and France (X cubic meters), together committing a 24% share of total imports. The following importers - the UK (X cubic meters), Spain (X cubic meters), Denmark (X cubic meters), Lithuania (X cubic meters), Sweden (X cubic meters), Belgium (X cubic meters) and the Czech Republic (X cubic meters) - together made up 23% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waferboard importing markets in Europe were Germany ($X), Poland ($X) and Italy ($X), together accounting for 34% of total imports.

Poland, with a CAGR of +14.8%, recorded the highest growth rate of the value of imports, among 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

The import price in Europe stood at $X per cubic meter in 2021, surging by 19% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per cubic meter), while Denmark ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform