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Rebound from steep drop in demand amid simmering global trade issues : markets for paper, paperboard and woodpulp, 2009-2010Author(s): Peter J. Ince; Eduard L. Akim; Bernard Lombard; Tomas Parik
Source: Forest products annual market review, 2009-2010. Chapter 8. (Geneva timber and forest study papers ; no. 25.) Geneva, Switzerland : United Nations Economic Commission for Europe, Food and Agriculture Organization of the United Nations, Forestry and Timber Section, 2010: p. 85-97: ISBN: 9789211170276: 9211170273.
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DescriptionPaper and paperboard consumption declined sharply in 2009 by 9% in Europe and 10% in the United States relative to 2008; just a fraction of that decline was recovered by early 2010. Pulp and paper commodity prices fell in 2009, dropping well below 2008 price levels, but prices began to stabilize by mid-year, and in some cases fully recovered by early 2010. A wave of capacity withdrawals in the form of mill downtime and shutdowns helped stabilize the market balance between product supply and demand. Pulp prices were boosted also by shutdowns of Chilean pulp capacity due to the devastating earthquake in February 2010, and by expanding woodpulp demand in Asia, particularly in China. Global market trends point to a secular shift of growth in paper and paperboard output to Asia, while production has levelled out and declined in Europe and North America. Global trade issues were simmering in 2010: the European Union launched anti-dumping and anti-subsidy probes in 2010 concerning coated paper imports from China; the US imposed preliminary countervailing duties on coated paper imports from China and Indonesia. In 2009, Russian Federation exports of market pulp and packaging paper products to China declined as China’s export demand shrank with the global economic crisis. In central and eastern Europe, reduced production due to the downturn in demand from the global economic crisis in early 2009, with production returning to normal levels later in the year. Central and eastern Europe increasingly is becoming incorporated into EU procedures and policies and therefore developments, e.g. costs are similar to the rest of Europe. Green energy production subsidies are a serious threat for the pulp and paper industry in Europe due to strong competition for raw materials.
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CitationInce, Peter J.; Akim, Eduard L.; Lombard, Bernard; Parik, Tomas. 2010. Rebound from steep drop in demand amid simmering global trade issues : markets for paper, paperboard and woodpulp, 2009-2010. In: Forest products annual market review, 2009-2010. Chapter 8. (Geneva timber and forest study papers ; no. 25.) Geneva, Switzerland : United Nations Economic Commission for Europe, Food and Agriculture Organization of the United Nations, Forestry and Timber Section, 2010: p. 85-97: ISBN: 9789211170276: 9211170273.
KeywordsPaper industry, economic aspects, forest products industry, wood-pulp industry, forest products, marketing, market surveys, statistics, commerce, paperboard industry, supply, demand, pulpwood, prices, waste paper, recycling
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