Scandinavia: Hardboard Market 2024

Hardboard Market Size in Scandinavia

In 2022, the Scandinavia hardboard market increased by 12% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hardboard Production in Scandinavia

In value terms, hardboard production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hardboard Exports

Exports in Scandinavia

In 2022, overseas shipments of hardboard increased by 45% to X cubic meters, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.6% from 2012 to 2022; 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.

In value terms, hardboard exports skyrocketed to $X in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland represented the key exporting country with an export of about X cubic meters, which accounted for 64% of total exports. Sweden (X cubic meters) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Norway (8.7%).

Exports from Finland increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Sweden (+18.9%) and Norway (+4.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +18.9% from 2012-2022. Sweden (+20 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -20.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hardboard supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X), with a combined 99.9% share of total exports.

Sweden, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2022, growing by 29% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard export price increased by +81.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while Finland ($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 Sweden (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Hardboard Imports

Imports in Scandinavia

In 2022, supplies from abroad of hardboard increased by 32% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hardboard imports soared to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the major importer of hardboard in Scandinavia, with the volume of imports resulting at X cubic meters, which was approx. 70% of total imports in 2022. Norway (X cubic meters) ranks second in terms of the total imports with a 16% share, followed by Finland (14%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of hardboard. Norway (-1.4%) and Finland (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +6.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Norway, with a CAGR of +7.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per cubic meter in 2022, growing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Norway ($X per cubic meter), while Finland ($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 Norway (+8.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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