Market research

Fibreboard market in Estonia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Estonian fibreboard market showed considerable movement between 2018 and 2021. Starting at 16.97 million USD in 2018, the market contracted to 14.12 million USD in 2019, then recovered to 15.92 million USD in 2020 before a strong expansion to 20.64 million USD by 2021.

Market size stabilized near 20.8 million USD in 2022 but began a downward trend, falling to 17.45 million USD in 2024. During this period, Nordic Fibreboard AS temporarily halted production in November 2024 due to unfavorable weather conditions, which constrained supply. The company also faced rising input costs and redirected its focus to new markets as economic challenges in Finland, its largest export destination, affected trade flows.

In 2025, Nordic Fibreboard AS reported a 14.7% increase in consolidated sales for the fourth quarter, supported by a merger that enhanced its asset base. Regulatory trends favoring energy-efficient construction materials continued to influence market conditions, while persistent cost pressures remained a factor for industry participants.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Estonia
  1. 5.1.1. In kind, 2018-2024, K m²
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m²
  2. 5.2.2. In value, 2018-2024, K $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, K m³
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production fibreboard in Estonia

In value, 2018-2021, K $ US

In 2021, Estonia's fibreboard production was valued at 11 394 thousand US dollars, marking a slight year-over-year increase of 1.9%. The maximum production value was recorded in 2019 at 12 674 thousand US dollars, while the minimum occurred in 2020 at 11 183 thousand US dollars. The largest annual decline was 11.8% in 2020, and the largest increase was 2.5% in 2019. Overall, from 2018 to 2021, production decreased by 7.9%, averaging an annual decline of 2.7%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	2.5%	(11.8%)	1.9%	(2.7%)

Source: SHEV.io

Exports fibreboard from Estonia

Exports in kind, m³

In 2021, Estonia's fibreboard export volume reached 82 704 cubic meters, up 5.8% year-over-year. The maximum export volume was recorded in 2019 at 90 648 cubic meters, and the minimum in 2020 at 78 138 cubic meters. The largest annual decline was 13.8% in 2020, while the largest increase was 8.8% in 2019.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.8%	(13.8%)	5.8%	(0.2%)

Source: SHEV.io

From 2018 to 2021, Finland, Russia, and Denmark were the main markets for Estonia's fibreboard exports in volume terms, accounting for 25.3%, 13.7%, and 11.5% of exports, respectively. Together, these three countries represented 50.5% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Estonia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Estonia's fibreboard exports have grown for the third consecutive year. In 2021, exports amounted to 27 000 thousand US dollars, a 22.9% increase compared to the previous year. From 2018 to 2021, exports rose by 29.4%, averaging an annual growth rate of 9.0%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.5%	1.7%	22.9%	9.0%

Source: SHEV.io

From 2018 to 2021, Sweden, Germany, and Finland were the primary buyers of Estonian fibreboard in value terms, with shares of 20.0%, 20.0%, and 19.6% of exports, respectively. Collectively, these three countries accounted for 59.5% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Estonia in value, 2018-2021

Source: SHEV.io

Imports fibreboard to Estonia

Imports in kind, m³

Estonia's fibreboard imports have increased for the second consecutive year. In 2021, imports totaled 77 098 cubic meters, up 5.5% from the previous year. The minimum import volume was recorded in 2019 at 64 872 cubic meters. The largest annual decline was 0.6% in 2019, while the largest increase was 12.6% in 2020. Overall, from 2018 to 2021, imports grew by 18.1%, averaging an annual increase of 5.7%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.6%)	12.6%	5.5%	5.7%

Source: SHEV.io

From 2018 to 2021, Russia, Poland, and Germany were the leading suppliers of fibreboard to Estonia in volume terms, with shares of 25.8%, 23.5%, and 11.5% of imports, respectively. Together, these three countries made up 60.8% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Estonia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Estonia's fibreboard imports have risen for the second consecutive year. In 2021, imports were valued at 36 244 thousand US dollars, showing a sharp increase of 35.7% compared to 2020. The minimum import value was recorded in 2019 at 23 051 thousand US dollars. The largest annual decline was 9.5% in 2019. Overall, from 2018 to 2021, imports increased by 42.3%, averaging an annual growth rate of 12.5%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(9.5%)	15.8%	35.7%	12.5%

Source: SHEV.io

From 2018 to 2021, Poland, Germany, and Russia were the biggest contributors to Estonia's fibreboard imports in value terms, accounting for 23.8%, 18.5%, and 15.1% of imports, respectively. Together, these three countries represented 57.4% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Estonia in value, 2018-2021

Source: SHEV.io