Spain: Fiberboard Market 2024

Fiberboard Market Size in Spain

In 2022, the Spanish fiberboard market increased by 20% to $X, rising for the second year in a row after six years of decline. In general, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Fiberboard Production in Spain

In value terms, fiberboard production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 9.8% against the previous year. Fiberboard production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Fiberboard Exports

Exports from Spain

In 2022, exports of fiber board of wood or other ligneous materials from Spain dropped slightly to X cubic meters, declining by -3.4% compared with 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, fiberboard exports rose markedly to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Portugal (X cubic meters), the UK (X cubic meters) and Morocco (X cubic meters) were the main destinations of fiberboard exports from Spain, with a combined 63% share of total exports. France, the Netherlands, Ireland, Italy, Tunisia and Algeria lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fiberboard exported from Spain were Portugal ($X), the UK ($X) and France ($X), with a combined 58% share of total exports. The Netherlands, Morocco, Italy, Ireland, Tunisia and Algeria lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Tunisia, with a CAGR of +14.7%, recorded the highest rates of growth with regard to 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

In 2022, the average fiberboard export price amounted to $X per cubic meter, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2021 when the average export price increased by 22%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Tunisia ($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 the Netherlands (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in overseas purchases of fiber board of wood or other ligneous materials, which increased by 6.6% to X cubic meters in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fiberboard imports soared to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Portugal (X cubic meters) constituted the largest fiberboard supplier to Spain, with a 43% share of total imports. Moreover, fiberboard imports from Portugal exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), fourfold. France (X cubic meters) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and France (-0.2% per year).

In value terms, Portugal ($X), Belgium ($X) and Germany ($X) constituted the largest fiberboard suppliers to Spain, together comprising 64% of total imports. France, Turkey, Brazil, China, Italy and Hungary lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Brazil, with a CAGR of +202.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, with an increase of 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2017 when the average import price increased by 40%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for Hungary ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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