Overview of the Global Market for Wood Boxes, Crates and Cable Drums

Market Size for Wood Boxes, Crates and Cable Drums

The global market for wood boxes, crates and cable drums dropped to $X in 2022, with a decrease of -2.3% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.5% against 2012 indices. Over the period under review, the global market attained the maximum level at $X in 2021, and then fell modestly in the following year.

Production of Wood Boxes, Crates and Cable Drums

In value terms, wood box and cable drum production stood at $X in 2022 estimated in export price. Over the period under review, the total production 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, production increased by +64.6% against 2012 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 16%. Global production peaked in 2022 and is likely to see steady growth in the near future.

Exports of Wood Boxes, Crates and Cable Drums

Exports

In 2022, global exports of wood boxes, crates and cable drums soared to X units, increasing by 19% against 2021 figures. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +91.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wood box and cable drum exports expanded significantly to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +45.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Poland (X units), Chile (X units), Spain (X units), the Czech Republic (X units), Germany (X units), Belgium (X units), France (X units), the Netherlands (X units), Italy (X units), Estonia (X units), the United States (X units) and Austria (X units), together amounting to 70% of total export. Slovakia (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +23.2%), while the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 24% of global exports. Spain, the Czech Republic, the Netherlands, France, Belgium, Italy, Estonia, Austria, Slovakia and Chile lagged somewhat behind, together comprising a further 36%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +15.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, with a decrease of -6.4% against the previous year. Over the period under review, the export price showed a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the other global leaders experienced a decline in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports

In 2022, global wood box and cable drum imports expanded sharply to X units, with an increase of 15% on the previous year's figure. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, global imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports rose notably to $X in 2022. In general, total imports indicated a perceptible expansion 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, imports increased by +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units) represented the largest importer of wood boxes, crates and cable drums, mixing up 29% of total imports. It was distantly followed by the Netherlands (X units), Germany (X units) and Peru (X units), together comprising a 22% share of total imports. France (X units), Spain (X units), Switzerland (X units), the UK (X units), South Korea (X units), Canada (X units), Austria (X units), Tunisia (X units) and Hong Kong SAR (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood box and cable drum imports into the United States stood at +5.6%. At the same time, Spain (+15.6%), South Korea (+10.7%), the Netherlands (+9.2%), Switzerland (+4.7%), Tunisia (+4.0%) and Austria (+3.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +15.6% from 2012-2022. Canada, France, Peru and Germany experienced a relatively flat trend pattern. By contrast, the UK (-5.4%) and Hong Kong SAR (-12.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, the Netherlands and Spain increased by +10, +5.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood box and cable drum importing markets worldwide were Germany ($X), the United States ($X) and France ($X), together comprising 32% of global imports. The Netherlands, the UK, South Korea, Austria, Switzerland, Spain, Canada, Peru, Hong Kong SAR and Tunisia lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, South Korea, with a CAGR of +16.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, waning by -3% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +65.3% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

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 Germany ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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