Updated Feb 4, 2023 10:28

Global Fibreboard Market

Market Overview
In , the global fibreboard market increased by % to $, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the global market reached the peak level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.

In value terms, fibreboard production shrank modestly to $ in estimated in export price. Overall, the total production indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Over the period under review, global production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.

China ( cubic meters) remains the largest fibreboard producing country worldwide, comprising approx. % of total volume. Moreover, fibreboard production in China exceeded the figures recorded by the second-largest producer, Germany ( cubic meters), eightfold. The third position in this ranking was held by Brazil ( cubic meters), with a % share.

In China, fibreboard production increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Germany (+% per year) and Brazil (+% per year).


Consumption
Global fibreboard consumption stood at cubic meters in , approximately reflecting . In general, the total consumption indicated perceptible growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by +% against indices. Global consumption peaked at cubic meters in 2016; however, from 2017 to , consumption remained at a lower figure.

The global fibreboard market value reached $ in , surging 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). Overall, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the global market hit record highs at $ in 2014; however, from 2015 to , consumption remained at a lower figure.


Consumption by Country
The country with the largest volume of fibreboard consumption was China ( cubic meters), accounting for % of total volume. Moreover, fibreboard consumption in China exceeded the figures recorded by the second-largest consumer, the United States ( cubic meters), sevenfold. The third position in this ranking was held by Brazil ( cubic meters), with a % share.

From 2007 to , the average annual growth rate of volume in China amounted to +%. In the other countries, the average annual rates were as follows: the United States (-% per year) and Brazil (+% per year).

In value terms, China ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by Germany.

In China, the fibreboard market increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-% per year) and Germany (+% per year).

The countries with the highest levels of fibreboard per capita consumption in were Poland ( cubic meters per persons), Germany ( cubic meters per persons) and Turkey ( cubic meters per persons).

From 2007 to , the biggest increases were recorded for Iran (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Consumption by Type
MDF ( cubic meters) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, MDF exceeded the figures recorded for the second-largest type, insulating board ( cubic meters), fivefold.

From 2007 to , the average annual rate of growth in terms of the volume of MDF consumptions amounted to +%. For the other products, the average annual rates were as follows: insulating board (+% per year) and hardboard (+% per year).

In value terms, MDF ($) led the market, alone. The second position in the ranking was taken by insulating board ($).

For MDF, market increased at an average annual rate of +% over the period from 2007-. With regard to the other consumed products, the following average annual rates of growth were recorded: insulating board (+% per year) and hardboard (-% per year).


Market Forecast
Driven by increasing demand for fibreboard worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase 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 .