Cardboard Price Trend and Forecast

Cardboard Regional Price Overview

Get the latest insights on price movement and trend analysis of Cardboard in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Cardboard Price Trend for the Q2 of 2024

Stay updated with the latest Cardboard prices, historical data, and tailored regional analysis
 

Cardboard prices built on the momentum they got in the first quarter and continued their northward run in the second quarter of the year 2024 as well. In the Indian cardboard market prices started the second quarter at an average of about 724 USD/MT (FOB) in April’24 and increasingly went on to approximately 744 USD/MT (FOB) in June’24. The domestic market saw a rapid rise in downstream consumption of cardboard, especially from the shipping and packaging industries, aided by the booming quick commerce and e-commerce sectors in the country.
 

Cardboard Price Chart

Please Login or Subscribe to Access the Cardboard Price Chart Data
 

This rise in demand led to an increase in the import of cardboard and its raw materials as well. This was primarily because of the low import duty on paper and paperboard products. Because of this, the domestic capacity utilization never reached its full potential. A supply crunch in the international markets also pushed the prices up. American manufacturers were rapidly buying the wastepaper and board materials, and on the other hand, the European mills were already operating at sub-optimal levels. Conclusively, the supply and demand dynamics were positive for cardboard prices for the entire duration of Q2'24.

Analyst Insight

According to Procurement Resource, the Cardboard prices do not seem to be changing their price trajectory anytime soon. Inclined demands are expected to keep the price graph inclined as well.
 

Cardboard Price Trend for the Q1 of 2024

Stay updated with the latest Cardboard prices, historical data, and tailored regional analysis
 

In the Indian market, sustaining the momentum of the previous quarter, the prices of cardboard rose from an average of 690 USD/MT to 717 USD/MT during the first quarter of 2024. The traders reported that although the demand for the commodity was more or less the same, the market registered this incline based on the cost of production.

During the first quarter of 2024, the cardboard industry witnessed a significant price correction attributed to the soaring costs of raw materials, transportation, and other essential inputs. This adjustment was prompted by substantial increases in prices of hardwood pulp and wastepaper, necessitating price hike circulars from major players such as JK Paper, APP, Bindal Papers, and Khanna Paper.

Factors such as the continuous rise in raw material costs, particularly hardwood pulp, witnessing a 25% increase, and a 15% surge in recovered paper costs drove this price trend. The paper and pulp giants during the first quarter thus were forced to increase their price quotations in order to sustain in the market. Not only India but China also reported a similar trend in the market, with players prioritizing their margins.

Analyst Insight

According to Procurement Resource, the price of Cardboard is estimated to escalate further amid the ongoing Red Sea crises and disruption of traditional trade routes, leading to longer lead times.

Procurement Resource provides latest prices of Cardboard. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.