Pakistan: Fiberboard Market 2024

Fiberboard Market Size in Pakistan

The Pakistani fiberboard market expanded to $X in 2022, rising by 3% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. Fiberboard consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fiberboard Production in Pakistan

In value terms, fiberboard production totaled $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 49%. Fiberboard production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fiberboard Exports

Exports from Pakistan

In 2022, overseas shipments of fiber board of wood or other ligneous materials decreased by -26.6% to X cubic meters, falling for the third year in a row after three years of growth. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, fiberboard exports shrank to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2013 when exports increased by 18%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X cubic meters) was the main destination for fiberboard exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled -4.1%.

In value terms, Afghanistan ($X) also remains the key foreign market for fiber board of wood or other ligneous materials exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to Afghanistan amounted to -3.9%.

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, with an increase of 19% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 35% 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.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +0.1% per year.

Fiberboard Imports

Imports into Pakistan

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were imported into Pakistan; with a decrease of -56.5% against 2021 figures. In general, imports faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 31% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fiberboard imports declined remarkably to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 21%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest fiberboard supplier to Pakistan, accounting for a 47% share of total imports. Moreover, fiberboard imports from Malaysia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X cubic meters), twofold. The third position in this ranking was taken by Thailand (X cubic meters), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-19.1% per year) and Thailand (-12.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Pakistan, comprising 53% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Sri Lanka, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.3% per year) and Sri Lanka (-9.7% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, with an increase of 54% against the previous year. Overall, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 95% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for Sri Lanka ($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 Malaysia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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