Get the latest insights on price movement and trend analysis of Corrugated box in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Corrugated Box Price Trend for the Second Half of 2022
Corrugated box price trends for Asia remained anchored in H2 2022. Asia has the largest share of the corrugated box market as the region constituted both major manufacturing and consuming markets like India, China, and Japan. Corrugated boxes have been vital for secured shipments both domestically and internationally and thus remained fundamental to the e-com businesses. E-com is one market that flourished and grew even during Covid restrictions, as e- com grew, along grew the demand for corrugated boxes. So, the price trends for Corrugated boxes remained afloat even after upstream costs and supply dynamics improved after H1 2022 because the demand too remained high.
Europe’s economic plight of 2022, unfortunately, didn’t end with the end of the Chinese lockdown in H2 2022. High inflation, and severe energy, and fuel crisis were some of the consequences of the Russia- Ukraine war in the European backyard. So even after the freight situation got better the inflation in Europe didn’t die down. Especially in the case of corrugated boxes even demand supported high price trends. For both virgin and recycled corrugates, price trends observed a positive inclination for most of the H2 2022.
The North American market for corrugated boxes replicated the global trends in H2 2022. As the raw material costs and upstream costs improved a little in the middle of H2 2022, demands too took a positive turn. So, the market demand remained the determining factor for the global corrugated box market in H2 2022.
According to Procurement Resource, the global corrugated box industry is set to rise further owing to positive demand inclinations. The market is expected to grow as the world becomes more e-com dependent since shipping in corrugated boxes remains fundamental for the industry.
Corrugated Box Price Trend For the Frist Half of 2022
The corrugated box industry has been reeling under pressure owing to the sharp increase in the costs of commodities and raw materials supply disruptions. In India, the price of feedstock kraft paper has reached an all-time high; its prices have exploded 90-100% since 2020 and almost 25% in the last couple of months alone. The higher feedstock prices amid the robust demand and trade bottlenecks caused the price trends of the corrugated box to inflate.
The situation in the Indian market has gone from bad to worse as many European countries have banned the export of some grades of waste paper to India. The imported waste paper price averaged 350 USD/MT during the given period. The high costs of waste paper and erratic supplies amid the exponential increase in shipping costs caused the prices of corrugated boxes to remain on the higher side of the scale.
One of the leading European manufacturers, DS Smith Paper, announced a price increase of around 150 Euro/MT for all recycled container boxes/corrugated boxes applicable all over Europe. According to the manufacturers, another double-digit rise in box price is expected by the autumn. The high energy and material costs owing to the Russia-Ukraine war and sanctions have raised the operating costs of paper mills by 263 Euro/MT. Many gas-operating paper mills have suspended production, further tightening the already constricted supply lines and affecting the prices of corrugated boxes.
The price trends for corrugated boxes in the US domestic market aligned with the global outlook. The surging costs of raw materials and higher operating and shipping costs amid the booming downstream demand caused corrugated box prices to rise. The Producer Price Index for corrugated boxes went from 446.945 in January to 471.496 in June 2022, indicating a price hike.
Procurement Resource provides latest prices of Corrugated Box. 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.
The term "corrugated" refers to a particular kind of material that is made up of three different sheets of container board, or what is essentially thick paperboard. The middle sheet is rippled, while the two sheets on the outside are flat liners. These three sheets are joined with a thick, starchy glue that is frequently used in the packaging sector to produce a corrugated fiberboard sheet.
|Product Name||Corrugated box|
|Industrial Uses||Glass Industry, Production of solvents and alkenes, Flame scarfing, Metallurgical heating and hardening, Welding, Cutting|
|Supplier Database||Mondi Group Plc, Bee Packaing, DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, the corrugated fibre boards are obtained with the help of steam-heat and corn starch glue, which are then cut into box blanks. The blanks are routed to a flexographic machine by skilled workers. Printing dyes and patterns made on tin sheets are loaded onto rollers in the flexographic machine. Each blank in the machine is cropped, printed, scored, folded, and glued to form a box of desired length.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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