New Zealand: Fiberboard Market 2024

Fiberboard Market Size in New Zealand

The New Zealand fiberboard market declined remarkably to $X in 2022, waning by -39.6% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fiberboard Production in New Zealand

In value terms, fiberboard production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Fiberboard production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports from New Zealand

In 2022, exports of fiber board of wood or other ligneous materials from New Zealand surged to X cubic meters, picking up by 19% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 113%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fiberboard exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some 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.

Exports by Country

Japan (X cubic meters) was the main destination for fiberboard exports from New Zealand, with a 54% share of total exports. Moreover, fiberboard exports to Japan exceeded the volume sent to the second major destination, the United States (X cubic meters), fivefold. Vietnam (X cubic meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.5% per year) and Vietnam (+4.1% per year).

In value terms, Japan ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from New Zealand, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Vietnam, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.4% per year) and Vietnam (+6.5% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, picking up by 22% against the previous year. Over the period under review, the export price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 120% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per cubic meter) and the United States ($X per cubic meter), while the average price for exports to Singapore ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into New Zealand

In 2022, imports of fiber board of wood or other ligneous materials into New Zealand declined markedly to X cubic meters, reducing by -23.8% compared with the year before. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, imports reached the peak of X cubic meters, and then shrank sharply in the following year.

In value terms, fiberboard imports rose notably to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X cubic meters) constituted the largest supplier of fiberboard to New Zealand, accounting for a 36% share of total imports. Moreover, fiberboard imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X cubic meters), twofold. The third position in this ranking was held by Australia (X cubic meters), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.1% per year) and Australia (+16.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to New Zealand, comprising 35% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+12.6% per year) and China (+17.1% per year).

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, picking up by 47% against the previous year. Overall, the import price, however, saw a mild setback. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Thailand ($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 United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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