What is the development prospect of paper industry?

Mid-stream supply: The output of China paper industry has increased steadily.

According to the statistical data of China Paper Industry Association, the overall output of paper and paperboard in China has been on the rise since 20 14, with a low growth rate. In 20 17, the output of paper and paperboard in China exceeded1100000 tons for the first time; In 20 18, the overall output decreased slightly due to the decline of industry prosperity. The output of 20 19-2022 will increase year by year. By 2022, the output of paper and paperboard in China will reach124.25 million tons, up by 2.6% year-on-year.

Upstream supply: supply pulp and waste paper.

-The output of pulp fluctuates greatly.

According to the statistical data of China Paper Industry Association, the pulp output in China fluctuated from 20/kloc-0 to 4/2022. Due to the advancement of digitalization and paperless, there are more substitutes in the downstream market of pulp, and the demand for pulp is declining. From 20 17 to 2020, the pulp output will generally decrease. 2021-The output of pulp in China rebounded in 2022, with an output of 85.87 million tons in 2022, up 5% year-on-year.

-waste paper pulp accounts for about 70%

From the perspective of the supply structure of China's pulp market, the supply of waste paper pulp ranks first in 20 18-2022, and the proportion of waste paper pulp in the total output decreases year by year, from 76% to 69%. In 2022, the supply of waste paper pulp reached 59 1 0.4 million tons, an increase of110,000 tons over the previous year.

The recycling of waste paper has steadily increased.

From 2014 to 2022, the amount and recovery rate of waste paper in China showed a fluctuating upward trend. In 20 14 years, the national waste paper recovery volume was 484 1 10,000 tons, and the recovery rate was 48. 1%. By 2022, China's waste paper recycling will reach about 66 million tons, and the recovery rate will increase to over 53%.

-the utilization rate of waste paper has dropped significantly.

In recent years, the recycling of waste paper in China has been increasing. Comparatively speaking, the consumption of waste paper is less than the recycling amount, which leads to a sharp decline in the utilization rate of waste paper in China. From 20 14 to 20 17, the utilization rate of waste paper in China was higher than 70%, and by 2022, the utilization rate of waste paper in China dropped to 53.5%.

For more research and analysis on this industry, please refer to the Analysis Report on the Development Prospect and Investment Strategic Planning of China Paper Industry by Forward-looking Industry Research Institute.