Global Insulating Board Market 2023

Insulating Board Market Size

The global insulating board market was estimated at $X in 2022, with an increase of 1.8% against the previous year. Over the period under review, consumption saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the global market remained at a lower figure.

Insulating Board Production

In value terms, insulating board production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth failed to regain momentum.

Insulating Board Exports

Exports

In 2022, shipments abroad of insulating board decreased by -0.8% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 10%. Over the period under review, the global exports reached the peak figure at X cubic meters in 2021, and then shrank slightly in the following year.

In value terms, insulating board exports rose markedly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. Over the period under review, the global exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Poland (X cubic meters) and Thailand (X cubic meters) represented the major exporters of insulating boardaround the world, together accounting for near 48% of total exports. It was distantly followed by the United States (X cubic meters), Turkey (X cubic meters) and Germany (X cubic meters), together mixing up a 27% share of total exports. Malaysia (X cubic meters), France (X cubic meters), Pakistan (X cubic meters), Canada (X cubic meters) and India (X cubic meters) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +20.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest insulating board supplier worldwide, comprising 32% of global exports. The second position in the ranking was held by Thailand ($X), with a 12% share of global exports. It was followed by the United States, with an 8.9% share.

In Poland, insulating board exports expanded at an average annual rate of +12.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+0.6% per year) and the United States (+6.1% per year).

Export Prices by Country

The average insulating board export price stood at $X per cubic meter in 2022, with an increase of 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13%. The global export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the other global leaders experienced more modest paces of growth.

Insulating Board Imports

Imports

In 2022, the amount of insulating board imported worldwide fell to X cubic meters, with a decrease of -5.5% on 2021. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of X cubic meters, and then contracted in the following year.

In value terms, insulating board imports shrank to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Germany (X cubic meters), followed by the United Arab Emirates (X cubic meters), Syrian Arab Republic (X cubic meters), the United States (X cubic meters) and the Netherlands (X cubic meters) were the major importers of insulating board, together mixing up 44% of total imports. Italy (X cubic meters), France (X cubic meters), Switzerland (X cubic meters), Lebanon (X cubic meters), Afghanistan (X cubic meters), Belgium (X cubic meters), Canada (X cubic meters) and the Philippines (X cubic meters) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +50.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported insulating board worldwide, comprising 18% of global imports. The second position in the ranking was held by France ($X), with a 6% share of global imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +4.2%. In the other countries, the average annual rates were as follows: France (-0.1% per year) and the United States (-4.9% per year).

Import Prices by Country

The average insulating board import price stood at $X per cubic meter in 2022, rising by 3.9% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2021 an increase of 8.1%. Global import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the Philippines ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.8%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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