Packaging / Advertising & Office

According to customs data, the import volume of corrugated paper in February 2023 increased by 90.95% year-on-year! Based on past market experience, 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, 2023 was an exception, as the cost of waste paper raw materials was insufficient, downstream demand continued to be sluggish, new production capacity was gradually put into the market, and the arrival volume of imported paper increased. Influenced by many negative factors, the price of corrugated paper continued to decline, with large-scale paper mills such as Jiulong and Shanying taking the lead in reducing prices and production.

According to customs data, starting from January 1, 2023, China will implement a temporary import tariff rate lower than the most favored nation tariff rate on 1020 goods. Among them, double adhesive paper, coated paper, white cardboard, recycled cardboard, and corrugated base paper in papermaking products will implement a zero tariff policy. According to customs data analyzed by Paper Industry Network, in February 2023, the import volume of corrugated paper was 328500 tons, a month on month increase of 95.65%, and a year-on-year increase of 90.95%. Customs data shows that the import volume is 131.7 million US dollars, a month on month increase of 99.00%, and a year-on-year increase of 33.94%. The export volume of corrugated paper is 2400 tons, a decrease of 29.41% month on month and a year-on-year increase of 41.18%. The export value is 4.04 million US dollars, a decrease of 25.74% month on month and a year-on-year increase of 5.48%

Customs data shows that imported paper has nearly doubled compared to the same period last year, which has had a significant impact on the already overcapacity domestic market. Some paper mills have chosen to reduce the impact by shutting down and reducing prices to alleviate inventory pressure and maintain customers. 3. April is not a traditional peak season, and there is still a downward risk in corrugated paper prices. However, due to the continuous compression of profit margins and the regulation of paper mills' own production capacity, the downward space for paper prices may narrow.