Scandinavia: Waferboard Market 2024

Waferboard Market Size in Scandinavia

The Scandinavia waferboard market rose rapidly to $X in 2021, surging by 9.3% against the previous year. Overall, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Waferboard Production in Scandinavia

In value terms, waferboard production reduced slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 2.5%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Waferboard Exports

Exports in Scandinavia

Waferboard exports rose sharply to X cubic meters in 2021, with an increase of 13% on 2020 figures. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, waferboard exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway was the main exporter of waferboards in Scandinavia, with the volume of exports reaching X cubic meters, which was near 59% of total exports in 2021. Sweden (X cubic meters) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by Finland (9.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest waferboard supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main exporting countries, Sweden, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per cubic meter in 2021, picking up by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while Norway ($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 Finland (+0.5%), while the other leaders experienced a decline in the export price figures.

Waferboard Imports

Imports in Scandinavia

In 2021, supplies from abroad of waferboards increased by 10% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 13%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, waferboard imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importer of waferboards in Scandinavia, with the volume of imports reaching X cubic meters, which was near 79% of total imports in 2021. Finland (X cubic meters) ranks second in terms of the total imports with a 15% share, followed by Norway (6.2%).

Sweden was also the fastest-growing in terms of the waferboards imports, with a CAGR of +2.2% from 2012 to 2021. Norway (-2.5%) and Finland (-2.7%) illustrated a downward trend over the same period. Sweden (+8 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -2.3% and -5.7% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported waferboards in Scandinavia, comprising 74% of total imports. The second position in the ranking was taken by Finland ($X), with a 15% share of total imports.

In Sweden, waferboard imports expanded at an average annual rate of +1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (-2.4% per year) and Norway (-1.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per cubic meter, rising by 11% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per cubic meter), while Sweden ($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 Norway (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform