Southern Asia: Fiberboard Market 2024

Fiberboard Market Size in Southern Asia

The South Asian fiberboard market totaled $X in 2022, picking up by 3.3% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -2.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fiberboard Production in Southern Asia

In value terms, fiberboard production totaled $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 pace of growth appeared the most rapid in 2016 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports in Southern Asia

In 2022, the amount of fiber board of wood or other ligneous materials exported in Southern Asia dropped to X cubic meters, declining by -13.8% on 2021 figures. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fiberboard exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X cubic meters) represented the major exporter of fiber board of wood or other ligneous materials, achieving 59% of total exports. Pakistan (X cubic meters) held a 35% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (5.6%).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +13.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest fiberboard supplier in Southern Asia, comprising 72% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled +17.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-4.0% per year) and Sri Lanka (-24.9% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per cubic meter, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 India ($X per cubic meter), while Sri Lanka ($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 India (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Fiberboard Imports

Imports in Southern Asia

After three years of decline, overseas purchases of fiber board of wood or other ligneous materials increased by 2.2% to X cubic meters in 2022. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fiberboard imports rose slightly to $X in 2022. Overall, imports, however, showed a mild downturn. The growth pace was the most rapid in 2016 with an increase of 8.9% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X cubic meters) represented the major importer of fiber board of wood or other ligneous materials, constituting 57% of total imports. Afghanistan (X cubic meters) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (8%) and Sri Lanka (5.7%). The following importers - Pakistan (X cubic meters) and Nepal (X cubic meters) - together made up 5.6% of total imports.

From 2012 to 2022, average annual rates of growth with regard to fiberboard imports into India stood at -3.0%. At the same time, Nepal (+13.0%) and Bangladesh (+3.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.0% from 2012-2022. Afghanistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-6.6%) and Pakistan (-17.4%) illustrated a downward trend over the same period. While the share of Afghanistan (+7.6 p.p.), Bangladesh (+4 p.p.) and India (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-2.1 p.p.) and Pakistan (-14.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported fiber board of wood or other ligneous materials in Southern Asia, comprising 54% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a 20% share of total imports. It was followed by Pakistan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -1.6%. In the other countries, the average annual rates were as follows: Afghanistan (-1.2% per year) and Pakistan (-6.1% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per cubic meter, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 25%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per cubic meter), while Bangladesh ($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 Pakistan (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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