Luxembourg: Fiberboard Market 2024

Fiberboard Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg fiberboard market, when its value decreased by -9.2% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 9.7% against the previous year. Fiberboard consumption peaked at $X in 2021, and then shrank in the following year.

Fiberboard Production in Luxembourg

In value terms, fiberboard production shrank to $X in 2022 estimated in export price. Overall, production showed a slight descent. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Fiberboard Exports

Exports from Luxembourg

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were exported from Luxembourg; waning by -29.4% on the previous year. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. As a result, the exports reached the peak of X cubic meters, and then contracted remarkably in the following year.

In value terms, fiberboard exports declined notably to $X in 2022. Overall, exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 108%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Belgium (X cubic meters), France (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of fiberboard exports from Luxembourg, with a combined 68% share of total exports. Austria, Germany, Italy, Spain and Turkey lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) constituted the largest markets for fiberboard exported from Luxembourg worldwide, with a combined 66% share of total exports. Spain, Austria, Germany, Italy and Turkey lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Austria, with a CAGR of +23.4%, saw the highest growth rate of the value of exports, 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, reducing by -6% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9.8% against the previous year. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to Austria ($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 the UK (-1.4%), while the prices for the other major destinations experienced a decline.

Fiberboard Imports

Imports into Luxembourg

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were imported into Luxembourg; increasing by 11% compared with the previous year. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, fiberboard imports plummeted to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +76.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest fiberboard supplier to Luxembourg, with a 59% share of total imports. Moreover, fiberboard imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), twofold. Ukraine (X cubic meters) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.7% per year) and Ukraine (+138.2% per year).

In value terms, Germany ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Luxembourg, comprising 59% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports. It was followed by Ukraine, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.7% per year) and Ukraine (+130.8% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, declining by -25.5% against the previous year. In general, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.1%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per cubic meter), while the price for the UK ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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