The EU Folding Boxboard Market Reached $9.6B

IndexBox has just published a new report: 'EU - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings. The revenue of the folding boxboard market in the European Union amounted to $9.6B in 2018, growing by 7.9% 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, folding boxboard consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by 8% year-to-year. In that year, the folding boxboard market attained its peak level of $10.7B. From 2012 to 2018, the growth of the folding boxboard market remained at a lower figure. Consumption by Country The countries with the highest volumes of folding boxboard consumption in 2018 were Germany (1.1M tonnes), Poland (1M tonnes) and France (1M tonnes), with a combined 40% share of total consumption. From 2007 to 2018, the most notable rate of growth in terms of folding boxboard consumption, amongst the main consuming countries, was attained by Poland, while folding boxboard consumption for the other leaders experienced more modest paces of growth. In value terms, the largest folding boxboard markets in the European Union were Germany ($1.4B), Poland ($1.3B) and France ($1.3B), with a combined 41% share of the total market. In 2018, the highest levels of folding boxboard per capita consumption was registered in Austria (63 kg per person), followed by Poland (27 kg per person), the Netherlands (21 kg per person) and Italy (17 kg per person), while the world average per capita consumption of folding boxboard was estimated at 15 kg per person. Market Forecast to 2030 Driven by increasing demand for folding boxboard in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.8% for the period from 2018 to 2030, which is projected to bring the market volume to 9.8M tonnes by the end of 2030. Production in the EU In 2018, approx. 12M tonnes of folding boxboard were produced in the European Union; picking up by 1.6% against the previous year. The total output volume increased at an average annual rate of +1.5% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of 7.6% y-o-y. Over the period under review, folding boxboard production attained its peak figure volume in 2018 and is likely to continue its growth in the near future. Production by Country The countries with the highest volumes of folding boxboard production in 2018 were Sweden (3.1M tonnes), Finland (2.8M tonnes) and Germany (1.8M tonnes), with a combined 64% share of total production. Italy, Austria, Poland and France lagged somewhat behind, together accounting for a further 24%. From 2007 to 2018, the most notable rate of growth in terms of folding boxboard production, amongst the main producing countries, was attained by Poland, while folding boxboard production for the other leaders experienced more modest paces of growth. Exports in the EU In 2018, the amount of folding boxboard exported in the European Union totaled 11M tonnes, approximately equating the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. In value terms, folding boxboard exports totaled $13.3B (IndexBox estimates) in 2018. Exports by Country The exports of the three major exporters of folding boxboard, namely Sweden, Finland and Germany, represented more than two-thirds of total export. Italy (503K tonnes), Belgium (461K tonnes), Austria (363K tonnes), Poland (350K tonnes), France (341K tonnes), the Netherlands (319K tonnes), Spain (295K tonnes), Slovenia (233K tonnes) and the UK (214K tonnes) held a minor share of total exports. From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth. In value terms, Sweden ($3.1B), Finland ($2.8B) and Germany ($2.8B) appeared to be the countries with the highest levels of exports in 2018, together comprising 66% of total exports. Italy, Poland, the Netherlands, France, Belgium, Spain, Austria, the UK and Slovenia lagged somewhat behind, together accounting for a further 30%. Export Prices by Country In 2018, the folding boxboard export price in the European Union amounted to $1,160 per tonne, jumping by 5.1% against the previous year. Over the period under review, the folding boxboard export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2011 when the export price increased by 12% year-to-year. In that year, the export prices for folding boxboard reached their peak level of $1,471 per tonne. From 2012 to 2018, the growth in terms of the export prices for folding boxboard remained at a somewhat lower figure. There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Poland ($1,711 per tonne), while Slovenia ($753 per tonne) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovenia, while the other leaders experienced more modest paces of growth. Imports in the EU The imports totaled 7.3M tonnes in 2018, approximately mirroring the previous year. The total import volume increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2010 when imports increased by 14% against the previous year. The volume of imports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, folding boxboard imports amounted to $8.9B (IndexBox estimates) in 2018. Imports by Country In 2018, Germany (1.4M tonnes), distantly followed by the UK (768K tonnes), Italy (743K tonnes), France (678K tonnes), Poland (671K tonnes), Spain (546K tonnes), the Netherlands (541K tonnes) and Belgium (462K tonnes) represented the main importers of folding boxboard, together mixing up 79% of total imports. The Czech Republic (208K tonnes), Austria (190K tonnes), Portugal (159K tonnes) and Hungary (139K tonnes) took a little share of total imports. From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth. In value terms, Germany ($1.7B), the UK ($928M) and Italy ($849M) appeared to be the countries with the highest levels of imports in 2018, with a combined 38% share of total imports. These countries were followed by France, Poland, Spain, the Netherlands, Belgium, Austria, the Czech Republic, Portugal and Hungary, which together accounted for a further 49%. Import Prices by Country The folding boxboard import price in the European Union stood at $1,217 per tonne in 2018, increasing by 7.7% against the previous year. In general, the folding boxboard import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by 12% y-o-y. In that year, the import prices for folding boxboard reached their peak level of $1,458 per tonne. From 2012 to 2018, the growth in terms of the import prices for folding boxboard remained at a lower figure. Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Austria ($1,416 per tonne) and Portugal ($1,407 per tonne), while the Czech Republic ($1,125 per tonne) and Belgium ($1,136 per tonne) were amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced a decline in the import price figures. Source: IndexBox AI Platform