Saudi Arabia: Fiberboard Market 2024

Fiberboard Market Size in Saudi Arabia

In 2022, after three years of growth, there was decline in the Saudi fiberboard market, when its value decreased by -4.5% to $X. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Fiberboard Exports

Exports from Saudi Arabia

Fiberboard exports from Saudi Arabia surged to X cubic meters in 2022, jumping by 43% compared with 2021 figures. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 124% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, fiberboard exports surged to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 136% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X cubic meters), Jordan (X cubic meters) and Belgium (X cubic meters) were the main destinations of fiberboard exports from Saudi Arabia, together accounting for 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +25.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Jordan ($X) and Belgium ($X) were the largest markets for fiberboard exported from Saudi Arabia worldwide, together accounting for 73% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +16.1%, recorded 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, falling by -6.8% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per cubic meter), while the average price for exports to Jordan ($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 Bahrain (+0.8%), while the prices for the other major destinations experienced a decline.

Fiberboard Imports

Imports into Saudi Arabia

In 2022, the amount of fiber board of wood or other ligneous materials imported into Saudi Arabia expanded slightly to X cubic meters, with an increase of 4.8% on the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 27%. Over the period under review, imports attained the peak figure at X cubic meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fiberboard imports fell to $X in 2022. Over the period under review, imports saw modest growth. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2021, Thailand (X cubic meters) constituted the largest fiberboard supplier to Saudi Arabia, accounting for a 68% share of total imports. Moreover, fiberboard imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold. The third position in this ranking was held by Germany (X cubic meters), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.7% per year) and Germany (+1.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Saudi Arabia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and Germany (+6.5% per year).

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2021, surging by 24% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Malaysia ($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 Germany (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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