The import of fibreboard of a density exceeding 0.8 g/cm3, both mechanically worked or surface covered, to the US is forecasted to grow steadily from $1.6572 billion in 2024 to $1.9632 billion in 2028. This indicates a consistent upward trend, with year-on-year growth projected to be approximately 4.8% during this period. In 2023, the actual import value stood lower, indicating a positive shift in demand. Over the five-year forecast period, the compound annual growth rate (CAGR) averages around 4.3%, reflecting robust market dynamics and increasing applications in construction and manufacturing sectors.
Future trends to monitor include the impact of innovations in sustainable materials, regulatory policies promoting eco-friendly construction, and economic factors influencing infrastructure investment. Additionally, shifts in global trade agreements could also affect import patterns and sourcing decisions within the fibreboard industry.
