Analysis of the development of China's corrugated carton market in 2021

As an important basic raw material industry for paper packaging, the paper industry occupies an important position in the Chinese economy. The paper industry is related to all aspects of economy, culture, production, and national defense. Its products are used in many fields of culture, education, science and technology, and the national economy.

   By combining the introduction of technology and equipment with independent innovation, some outstanding enterprises in China's paper industry have completed the transformation from traditional paper industry to modern paper industry, and have entered the ranks of the world's advanced paper enterprises. At the same time, China has also become a major producer and marketer of paper products (packaging) in the world, and its total paper production and consumption have leapt to the first place in the world. This article introduces in detail the production, sales and import and export situation of China's corrugated paper and carton market in recent years.

    Major listed companies in the corrugated base paper industry: currently listed companies in China’s corrugated base paper industry include Chenming Paper (000488), Shanying Paper (600567), Sun Paper (002078), Jingxing Paper (002067), Yueyang Forest Paper (600963), Qingshan Paper (600103), etc.

    The core data of this article: China's corrugated base paper production data, China's corrugated base paper sales data, China's corrugated base paper import and export data, etc.

Corrugated paper supply and demand analysis

    The products of China's paper industry can be divided into paper products and cardboard products according to the different uses of the products. Paper products include packaging boxes, newsprint, packaging paper, uncoated printing and writing paper, coated printing paper, household paper, and corrugated paper, etc. ; Cardboard products include box cardboard and white cardboard. From the perspective of supply and demand, at present, China's box board and corrugated base paper are the main products produced in the paper industry.

    From the perspective of the changes in production scale, since 2016, China's national corrugated base paper production has shown a fluctuating trend. In 2020, China's corrugated base paper production will be 23.9 million tons, an increase of 7.67% year-on-year, and the total output has reached a new high. The output scale of corrugated base paper accounts for 20%-22% of the total output of all paper and cardboard products. In 2020, the output of corrugated base paper accounts for 21.2% of the total output of paper and cardboard.

    From the perspective of changes in sales volume, the demand trend of corrugated base paper market is basically the same as the supply trend. Since 2016, China's corrugated base paper sales have shown a fluctuating trend. In 2020, the national corrugated base paper consumption will be 27.76 million tons, an increase of 16.93% year-on-year. The volume hit a new high. The sales volume of corrugated base paper accounts for 22%-24% of the total sales of all paper and paperboard products. In 2020, the sales volume of corrugated base paper accounts for 23.5% of all paper and paperboard sales.

 Analysis on the Import and Export Trends of China's Corrugated Paper

    The performance is basically consistent with the trend of supply and demand. The import and export trend of my country's corrugated base paper has shown a completely opposite trend. Especially since 2017, China's corrugated base paper imports have grown rapidly due to the rising cost of China's domestic corrugated base paper production and the reduction of import tax rates. , At the same time, the export volume plummeted.

    In terms of imports, from 2014 to 2016, China's corrugated base paper imports remained below 100,000 tons. Since 2017, China's corrugated base paper imports have grown rapidly. In 2020, China's corrugated base paper imports increased to 3.89 million tons, a record high.

    In terms of exports, China's corrugated base paper exports have remained at a relatively low level compared to imports. However, since 2017, the national corrugated base paper exports have further declined, and the national corrugated base paper exports are less than 50,000 tons. In 2020, the national corrugated base paper exports The volume is only about 30,000 tons.

    The above data refers to the "Analysis Report on Market Prospects and Investment Strategic Planning of China's Carton Packaging Industry" by Qianzhan Industry Research Institute.