Coated Virgin Paperboard (230 GSM) Price Trend and Forecast

Coated Virgin Paperboard (230 GSM) Regional Price Overview

Get the latest insights on price movement and trend analysis of Coated Virgin Paperboard (230 GSM) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Coated Virgin Paperboard (230 GSM) Price Trend for the Second Half of 2023

During the second half of 2023, coated virgin paperboard (230 GSM) experienced fluctuating trends across Asian markets. In India, the market was majorly driven by the downstream demands from the paper and packaging industries. Other than that, the feedstock soft timber prices also influenced the market dynamics.
 

Coated Virgin Paperboard (230 GSM) Price Chart

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Since lumber and timber observed an incline in their prices in the initial phase, the Coated Virgin Paperboard (230 GSM) inched up slightly in the third quarter. However, as the year headed toward its conclusion, the inventory stocks started dominating, and with lesser industrial activity, the demands from the packaging sector also subdued. Overall, a fluctuating price trend was observed in H2’23.

Analyst Insight

According to Procurement Resource, the market for Coated Virgin Paperboard (230 GSM) is likely to improve in the future as supply and demand dynamics aim for greater equilibrium.
 

Coated Virgin Paperboard (230 GSM) Price Trend for First Half of 2023

Coated Virgin Paperboard (230 GSM) market in the first and second quarter of 2023 depended upon the performance of the paper and pulp industries. Following in the footsteps of last year, the German manufacturers dealing with coated Virgin Paperboard (230 GSM) and its related products witnessed no improvement in the number of new orders. This subdued demand led to a hike in inventory levels, which further negatively impacted the coated virgin paperboard (230 GSM) price trend.

During the Easter season in Germany, due to low rates of procurement, several manufacturers shut their production units to level the demand and availability of coated virgin paperboard (230 GSM) and support its price trend.

However, in North America, the decline in the prices of coated virgin paperboard (230 GSM) became gradual rather than steep in the first and second quarters of 2023. Several traders faced challenging market conditions along with high rates of inflation and shifting consumer preferences along with sky-rocketing rates of interest charged by banks to curb the falling economic conditions in the region.

Analyst Insight

According to Procurement Resource, the price of Coated Virgin Paperboard (230 GSM) is expected to follow a fluctuating path as the demand from the end-user sectors and global market sentiments do not seem to support the rise in coated virgin paperboard (230 GSM) prices.

Procurement Resource provides latest prices of Coated Virgin Paperboard (230 GSM). 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.