Surge in China's fibreboard exports in 2021

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According to China Customs exports have been dominating China’s fibreboard trade in recent years. The volume of China’s fibreboard exports fell to 1.52 million tonnes in 2020 from 2.09 million tonnes in 2017 however, exports surged 49% to 2.26 million tonnes year on year in 2021.

In 2021 China’s fibreboard exports totalled 2.26 million tonnes valued at US$1.2 billion a year on year increase of 49% in volume and 45% in value. The average CIF price for China’s fibreboard exports fell 3% to US$532 per tonne.

China’s fibreboard export markets are diverse and the volume of fibreboard exports to the top 10 destinations accounted for only 63% of the total in 2021. The top 3 countries in terms of fibreboard export volumes in 2021 were Vietnam, Nigeria and Mexico. China’s fibreboard exports in 2021 to Vietnam and Mexico surged but to Nigeria fell 15%.

The USA was ranked fifth in terms of China’s fibreboard exports volume in 2021, previously it was ranked number one.

The average CIF price for China’s fibreboard exports to Vietnam among the top 10 destination countries was lowest at US$362 per tonne in 2021, down 14% year on year. The average CIF price for China’s fibreboard exports to Mexico fell 26% year on year.

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