Updated Feb 4, 2023 14:08

Hardboard Market in Germany

Market Overview
The German hardboard market soared to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong increase. Over the period under review, the market attained the maximum level in and is expected to retain growth in the immediate term.

In value terms, hardboard production totaled $ in estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of %. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
For the fifth consecutive year, Germany recorded growth in consumption of hardboard, which increased by % to cubic meters in . Over the period under review, consumption continues to indicate a prominent increase. Hardboard consumption peaked in and is likely to see steady growth in the near future.

The size of the hardboard market in Germany skyrocketed to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a strong expansion. Hardboard consumption peaked in and is expected to retain growth in the near future.


Market Forecast
The hardboard market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to cubic meters by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Hardboard market in Germany remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Germany remains a net exporter of hardboard; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.