Scandinavia: Fiberboard Market 2024

Fiberboard Market Size in Scandinavia

The Scandinavia fiberboard market reached $X in 2022, picking up by 5.7% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Fiberboard Production in Scandinavia

In value terms, fiberboard production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production enjoyed modest growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 167% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Fiberboard Exports

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in shipments abroad of fiber board of wood or other ligneous materials, when their volume decreased by -12.9% to X cubic meters. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. The volume of export peaked at X cubic meters in 2021, and then reduced in the following year.

In value terms, fiberboard exports fell to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Finland (X cubic meters) and Norway (X cubic meters) represented the key exporters of fiber board of wood or other ligneous materials in Scandinavia, together accounting for near 68% of total exports. It was followed by Sweden (X cubic meters), mixing up a 32% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest fiberboard supplying countries in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Norway, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per cubic meter, which is down by -1.9% against the previous year. Over the period under review, the export price, however, saw modest growth. The growth pace was the most rapid in 2017 an increase of 14%. The level of export peaked at $X per cubic meter in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while Finland ($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 Norway (+3.3%), while the other leaders experienced more modest paces of growth.

Fiberboard Imports

Imports in Scandinavia

After two years of growth, supplies from abroad of fiber board of wood or other ligneous materials decreased by -5.4% to X cubic meters in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 8.9%. As a result, imports attained the peak of X cubic meters, and then shrank in the following year.

In value terms, fiberboard imports reached $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden represented the major importer of fiber board of wood or other ligneous materials in Scandinavia, with the volume of imports accounting for X cubic meters, which was near 60% of total imports in 2022. Norway (X cubic meters) ranks second in terms of the total imports with a 21% share, followed by Finland (19%).

Sweden was also the fastest-growing in terms of the fiber board of wood or other ligneous materials imports, with a CAGR of +1.9% from 2012 to 2022. Finland (-1.2%) and Norway (-4.2%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-1.7 p.p.) and Norway (-10.3 p.p.) displayed negative dynamics.

In value terms, the largest fiberboard importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Sweden, with a CAGR of +4.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per cubic meter in 2022, increasing by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 14%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per cubic meter), while Finland ($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 Norway (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform