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Home> News> In February 2023, the import volume of corrugated paper increased by 90.95% year-on-year!

In February 2023, the import volume of corrugated paper increased by 90.95% year-on-year!

March 28, 2023
According to market experience over the years, after the Spring Festival, with the recovery of logistics and the improvement of demand, many paper mills have plans to increase prices, boosting market confidence. However, in 2023, it was an exception. Due to insufficient support for waste paper raw material costs, continued sluggish downstream demand, the continuous introduction of new capacity to the market, and the rise in the arrival of imported paper, as well as many other negative factors, the price of corrugated paper continued to decline. Paper mills such as Jiulong and Shanying took the lead in reducing prices and production.

Since January 1, 2023, China has implemented a temporary import tariff rate lower than the most favored nation tariff rate on 1020 items of goods, including the implementation of a zero tariff policy on double adhesive tape, Coated Paper, white cardboard, recycled cardboard, and corrugated base paper among paper products. According to customs data analyzed by Paper Industry Network, in February 2023, the import volume of corrugated paper was 328500 tons, with a year-on-year increase of 90.95% and a year-on-year increase of 95.65%. The import volume was USD 131.7 million, with a year-on-year increase of 99.00% and 33.94%. The export volume of corrugated paper was 2400 tons, a year-on-year decrease of 29.41% and a year-on-year increase of 41.18%. The export volume was USD 4.04 million, a year-on-year decrease of 25.74% and a year-on-year increase of 5.48%

Imported paper has nearly doubled compared to the same period last year, causing a significant impact on the already overcapacity domestic market. In order to reduce the impact, some paper mills have chosen to reduce inventory pressure and maintain customers through downtime and price reductions. 3. April is not a traditional peak season, and there are still downside risks in corrugated paper prices. However, due to the continued compression of profit margins and the regulation of the paper mill's own production capacity, the downside space for paper prices may narrow.
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Mr. Ma Yanfeng

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Author:

Mr. Ma Yanfeng

E-mail:

sandy@zhongzhi.cn

Phone/WhatsApp:

8615200088110

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