Greece: Fiberboard Market 2024

Fiberboard Market Size in Greece

In 2022, the Greek fiberboard market increased by 61% to $X, rising for the second consecutive year after six years of decline. Overall, consumption, however, showed a mild decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fiberboard Production in Greece

In value terms, fiberboard production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 6.9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports from Greece

After two years of growth, overseas shipments of fiber board of wood or other ligneous materials decreased by -34.3% to X cubic meters in 2022. Overall, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports attained the peak of X cubic meters, and then contracted markedly in the following year.

In value terms, fiberboard exports reached $X in 2022. In general, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Albania (X cubic meters) was the main destination for fiberboard exports from Greece, with a 29% share of total exports. Moreover, fiberboard exports to Albania exceeded the volume sent to the second major destination, Bulgaria (X cubic meters), twofold. Italy (X cubic meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Albania amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-4.6% per year) and Italy (+11.3% per year).

In value terms, the largest markets for fiberboard exported from Greece were Albania ($X), Bulgaria ($X) and Romania ($X), with a combined 43% share of total exports. Italy, Serbia, Cyprus, the United Arab Emirates, Morocco, Qatar, North Macedonia, Israel, Bosnia and Herzegovina and Lebanon lagged somewhat behind, together accounting for a further 48%.

Qatar, with a CAGR of +117.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, rising by 53% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fiberboard export price increased by +76.6% against 2020 indices. 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 destination: amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while the average price for exports to Albania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Greece

Fiberboard imports into Greece expanded to X cubic meters in 2022, increasing by 2.9% against the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 25%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, fiberboard imports skyrocketed to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +76.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Bulgaria (X cubic meters) constituted the largest fiberboard supplier to Greece, with a 35% share of total imports. Moreover, fiberboard imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), twofold. The third position in this ranking was held by Italy (X cubic meters), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+44.5% per year) and Italy (+13.5% per year).

In value terms, the largest fiberboard suppliers to Greece were Bulgaria ($X), Italy ($X) and Turkey ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +37.8%, 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 average fiberboard import price stood at $X per cubic meter in 2022, picking up by 19% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fiberboard import price increased by +51.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 29%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Bulgaria ($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 Austria (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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