Updated Feb 26, 2023 04:11

Fibreboard Market in Germany

Market Overview
The German fibreboard market expanded modestly 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). Overall, consumption, however, showed a modest increase. Fibreboard consumption peaked in and is likely to continue growth in the immediate term.

In value terms, fibreboard production totaled $ in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by %. Fibreboard production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
After six years of growth, consumption of fibreboard decreased by -% to cubic meters in . The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fibreboard consumption peaked at cubic meters in , and then fell modestly in the following year.

The revenue of the fibreboard market in Germany rose to $ in , picking up 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). Over the period under review, consumption, however, recorded a slight increase. Fibreboard consumption peaked in and is expected to retain growth in the immediate term.


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

From 2007 to , the average annual growth rate of the volume of MDF consumptions was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: insulating board (+% per year) and hardboard (+% per year).

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

From 2007 to , the average annual rate of growth in terms of the value of MDF markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: hardboard (+% per year) and insulating board (+% per year).


Market Forecast
Driven by increasing demand for fibreboard in Germany, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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 .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.


Trade Balance
Germany remains a net exporter of fibreboard; 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.