IndexBox has just published a new report: 'World - Recovered Paper - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings. In 2021, the global recovered paper market was finally on the rise to reach $46.4B after three years of decline.
The market value increased at an average annual rate of +2.0% over the period from 2007 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Global consumption peaked at $47.5B in 2011; however, from 2012 to 2021, consumption failed to regain the momentum.
Recovered Paper Consumption by Country
China (67M metric tons) constituted the country with the largest volume of recovered paper consumption, accounting for 28% of total volume. Moreover, recovered paper consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (29M metric tons), twofold. Germany (22M metric tons) ranked third in terms of total consumption with a 9% share. From 2007 to 2021, the average annual growth rate of volume in China amounted to +2.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (-0.3% per year) and Germany (+2.1% per year). In value terms, China ($17.6B) led the market, alone. The second position in the ranking was occupied by the U.S. ($4.8B). It was followed by Germany.
Recovered Paper Production
In 2021, approx. 231M metric tons of recovered paper were produced worldwide; approximately equating the previous year. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by 4.7% year-to-year. Over the period under review, global production reached the peak volume at 235M metric tons in 2017; however, from 2018 to 2021, production remained at a lower figure. In value terms, recovered paper production expanded modestly to $43B in 2021 estimated in export prices. The total output value increased at an average annual rate of +1.9% from 2007 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by 20% y-o-y. Over the period under review, global production reached the peak level at $47.6B in 2011; however, from 2012 to 2021, production stood at a somewhat lower figure.
Production by Country
The countries with the highest volumes of recovered paper production in 2021 were China (54M metric tons), the U.S. (45M metric tons) and Japan (19M metric tons), together comprising 51% of global production. Germany, South Korea, the UK, France, Italy, Brazil, Mexico, Spain and India lagged somewhat behind, together comprising a further 27%. From 2007 to 2021, the most notable rate of growth in terms of recovered paper production, amongst the main producing countries, was attained by India, while recovered paper production for the other global leaders experienced more modest paces of growth.
Recovered Paper Exports
In 2021, after four years of decline, there was significant growth in shipments abroad of recovered paper, when their volume increased by 11% to 49M metric tons. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, global exports hit record highs at 60M metric tons in 2011; however, from 2012 to 2021, exports failed to regain the momentum. In value terms, recovered paper exports surged to $9.8B in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2007 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global exports attained the maximum at $12.1B in 2011; however, from 2012 to 2021, exports remained at a lower figure.
Exports by Country
The U.S. was the largest exporter of recovered paper in the world, with the volume of supplies finishing at 16M metric tons, which was approx. 33% of total exports in 2021. The UK (4.3M metric tons) occupied the second position in the ranking, followed by France (2.7M metric tons), the Netherlands (2.4M metric tons), Japan (2.4M metric tons) and Germany (2.3M metric tons). All these countries together occupied near 28% share of total volume. Italy (1.7M metric tons), Canada (1.7M metric tons), Poland (1.3M metric tons), Belgium (1.2M metric tons), Australia (1.1M metric tons) and the Czech Republic (0.8M metric tons) occupied a relatively small share of total exports. In value terms, the U.S. ($3.3B) remains the largest recovered paper supplier worldwide, comprising 34% of global exports. The second position in the ranking was occupied by the UK ($1B), with a 10% share of total supplies. It was followed by the Netherlands, with a 5.3% share. In the U.S., recovered paper exports increased at an average annual rate of +1.2% over the period from 2007-2021. In the other countries, the average annual rates were as follows: the UK (+1.5% per year) and the Netherlands (-0.6% per year).
Export Prices by Country
The average recovered paper export price stood at $200 per tonne in 2021, jumping by 40% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the UK ($237 per tonne), while Germany ($150 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other global leaders experienced more modest paces of growth.
Recovered Paper Imports
In 2021, purchases abroad of recovered paper was finally on the rise to reach 59M metric tons after four years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2007 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, global imports attained the peak figure at 60M metric tons in 2012; however, from 2013 to 2021, imports remained at a lower figure. In value terms, recovered paper imports surged to $10.9B in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2007 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at $11.9B in 2011; however, from 2012 to 2021, imports failed to regain the momentum.
Imports by Country
In 2021, China (13M metric tons), distantly followed by India (7.4M metric tons), Germany (6.9M metric tons), Indonesia (3.4M metric tons), the Netherlands (3.2M metric tons) and Vietnam (3.1M metric tons) were the largest importers of recovered paper, together comprising 64% of total volume. The following importers - Austria (2.2M metric tons), Spain (2M metric tons), Mexico (1.8M metric tons), Thailand (1.6M metric tons), Taiwan (Chinese) (1.5M metric tons), South Korea (1.4M metric tons) and Turkey (1.2M metric tons) - together made up 20% of total imports. In value terms, the largest recovered paper importing markets worldwide were China ($2.3B), India ($1.8B) and Germany ($1.2B), with a combined 49% share of global imports. These countries were followed by the Netherlands, Mexico, Indonesia, Vietnam, Austria, Spain, Turkey, South Korea, Thailand and Taiwan (Chinese), which together accounted for a further 34%. In terms of the main importing countries, Turkey saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average recovered paper import price amounted to $185 per tonne, jumping by 23% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($288 per tonne), while Taiwan (Chinese) ($132 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.
TAPPI
http://www.tappi.org/