Waferboard Price in Estonia - 2023

Waferboard Price in Estonia (FOB) - 2023

The average waferboard export price stood at $1,061 per cubic meter in September 2023, which is down by -6.1% against the previous month. In general, export price indicated a buoyant expansion from September 2022 to September 2023: its price increased at an average monthly rate of +7.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, waferboard export price decreased by -6.4% against April 2023 indices. The pace of growth was the most pronounced in October 2022 when the average export price increased by 109% month-to-month. Over the period under review, the average export prices reached the maximum at $1,431 per cubic meter in January 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Lithuania ($1,502 per cubic meter), while the average price for exports to Sweden ($571 per cubic meter) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Price in Estonia (CIF) - 2022

The average waferboard import price stood at $395 per cubic meter in 2022, growing by 12% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waferboard import price increased by +42.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($719 per cubic meter), while the price for Latvia ($310 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Waferboard Exports in Estonia

Waferboard exports from Estonia shrank dramatically to 51K cubic meters in 2022, reducing by -58.1% against 2021 figures. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of 121K cubic meters, and then dropped sharply in the following year.

In value terms, waferboard exports reduced dramatically to $20M in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $34M, and then fell markedly in the following year.

Export of Waferboard in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	12.8	11.8	15.2	9.5	-9.5%
Sweden	7.9	8.1	8.3	5.0	-14.1%
Lithuania	1.5	1.1	2.9	2.8	23.1%
Denmark	1.0	1.2	1.4	0.8	-7.2%
Poland	0.1	1.4	3.1	0.7	91.3%
Latvia	0.7	0.6	1.1	0.2	-34.1%
Others	2.2	1.7	2.0	1.0	-23.1%
Total	26.2	25.9	34.0	20.0	-8.6%

Top Export Markets for Waferboard from Estonia in 2022:

Finland (18.5K cubic meters)
Sweden (13.4K cubic meters)
Lithuania (10.3K cubic meters)
Poland (3.2K cubic meters)
Denmark (1.9K cubic meters)
Latvia (0.7K cubic meters)

Waferboard Imports in Estonia

In 2022, approx. 78K cubic meters of waferboards were imported into Estonia; leveling off at 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 2.8% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, waferboard imports expanded sharply to $31M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Waferboard in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	6.3	7.4	8.1	9.5	14.7%
Poland	0.7	3.2	5.0	6.6	111.3%
Finland	3.2	2.5	4.3	4.1	8.6%
Norway	2.8	2.2	3.3	4.0	12.6%
Germany	2.5	2.9	3.2	3.9	16.0%
Belgium	0.5	0.4	0.4	1.0	26.0%
Russia	1.5	0.8	0.8	0.2	-48.9%
Others	2.8	1.2	2.0	1.5	-18.8%
Total	20.2	20.6	27.1	30.8	15.1%