Vietnam: Fiberboard Market 2024

Fiberboard Market Size in Vietnam

The Vietnamese fiberboard market declined to $X in 2022, which is down by -8.8% against the previous year. Over the period under review, consumption saw a abrupt downturn. Fiberboard consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Fiberboard Production in Vietnam

In value terms, fiberboard production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports from Vietnam

In 2022, exports of fiber board of wood or other ligneous materials from Vietnam contracted notably to X cubic meters, falling by -20.4% compared with 2021 figures. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.8% 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 +34.3% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 105% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then contracted significantly in the following year.

In value terms, fiberboard exports declined sharply to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 61%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Myanmar (X cubic meters) was the main destination for fiberboard exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +243.8%.

In value terms, Myanmar ($X) emerged as the key foreign market for fiber board of wood or other ligneous materials exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +249.2%.

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, surging by 1.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.2% per year.

Fiberboard Imports

Imports into Vietnam

In 2022, supplies from abroad of fiber board of wood or other ligneous materials decreased by -8.3% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +54.4% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. Imports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, fiberboard imports dropped to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +34.5% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X cubic meters) constituted the largest supplier of fiberboard to Vietnam, accounting for a 69% share of total imports. Moreover, fiberboard imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X cubic meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.8%.

In value terms, China ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.9%.

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, which is down by -3.4% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for New Zealand totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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