Saudi Arabia: Fiberboard Market 2024

Fiberboard Market Size in Saudi Arabia

In 2022, the Saudi fiberboard market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fiberboard consumption peaked at $X in 2021, and then contracted slightly in the following year.

Fiberboard Exports

Exports from Saudi Arabia

In 2022, the amount of fiber board of wood or other ligneous materials exported from Saudi Arabia surged to X cubic meters, rising by X% on the year before. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fiberboard exports skyrocketed to $X in 2022. In general, exports posted a strong increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X cubic meters), Jordan (X cubic meters) and Belgium (X cubic meters) were the main destinations of fiberboard exports from Saudi Arabia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Jordan ($X) and Belgium ($X) constituted the largest markets for fiberboard exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per cubic meter), while the average price for exports to Jordan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced a decline.

Fiberboard Imports

Imports into Saudi Arabia

Fiberboard imports into Saudi Arabia amounted to X cubic meters in 2022, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fiberboard imports declined to $X in 2022. Over the period under review, imports showed a slight expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2021, Thailand (X cubic meters) constituted the largest fiberboard supplier to Saudi Arabia, with a X% share of total imports. Moreover, fiberboard imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold. Germany (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2021, the average fiberboard import price amounted to $X per cubic meter, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :