Saudi Arabia: Fibreboard Market 2024

Fibreboard Market Size in Saudi Arabia

After three years of growth, the Saudi fibreboard market decreased by X% to $X in 2022. Overall, consumption continues to indicate a noticeable descent. Over the period under review, the market attained the peak level at $X in 2021, and then dropped markedly in the following year.

Fibreboard Exports

Exports from Saudi Arabia

In 2022, overseas shipments of fibreboard decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X cubic meters in 2021, and then shrank dramatically in the following year.

In value terms, fibreboard exports shrank notably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X cubic meters) was the main destination for fibreboard exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, fibreboard exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), fourfold. The third position in this ranking was held by Jordan (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Jordan (X% per year).

In value terms, Bahrain ($X) remains the key foreign market for fibreboard exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average fibreboard export price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per cubic meter), while the average price for exports to Bahrain ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fibreboard Imports

Imports into Saudi Arabia

In 2022, purchases abroad of fibreboard decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fibreboard imports declined dramatically to $X in 2022. In general, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Thailand (X cubic meters) constituted the largest fibreboard supplier to Saudi Arabia, with a X% share of total imports. Moreover, fibreboard imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold. The third position in this ranking was taken by Indonesia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of fibreboard to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average fibreboard import price amounted to $X per cubic meter, waning by X% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Italy ($X per cubic meter), while the price for China ($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 Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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