Paper Scrap Price Trend and Forecast

Paper Scrap Regional Price Overview

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

Paper Scrap Price Trend for the First Half of 2024

In the first half of 2024, paper scrap prices in India experienced upward pressure due to several global and domestic factors. The Red Sea crisis and increased freight costs delayed waste paper imports, compounding supply challenges for Indian paper producers. Meanwhile, strong domestic demand in the U.S. and production cuts in European mills further strained the availability of paper scrap in global markets, driving prices higher.
 

Paper Scrap Price Chart

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Despite these rising costs, weak domestic demand in India and competition from countries with free trade agreements limited the ability of Indian producers to fully pass on price increases. However, paper scrap prices treaded upward starting in mid-March and April, fueled by a global shortage of quality fibers and increased demand during India's general elections. Indian producers faced challenges in maintaining an equilibrium between rising scrap prices and shrinking margins, highlighting the need for long-term strategies to stabilize supply and reduce reliance on imports.

Analyst Insight

According to Procurement Resource, the Paper Scrap prices are expected to remain inclined in the coming months, since the current supply and demand dynamic suggests buoyancy going forward too.
 

Paper Scrap Price Trend for the Second Half of 2023

Paper scrap prices were observed to be declining throughout the said period of the last two quarters of 2023. India, though, remained the top buyer of the US’s recovered paper; a 27% decline in the purchase volume was observed in the third quarter compared to the previous year. A total decline of about 17% was seen in the total global paper scrap export from the USA.

This was the case with all the top 10 importers of paper scrap from the United States. Only Thailand maintained its import volumes. Domestic wastepaper prices in India, too, took a massive hit amidst a declining demand. As more and more paper intensive processes are getting digitized, consumption seems to be falling. Overall, a receding price trajectory was observed in H2’23.

Analyst Insight

According to Procurement Resource, the Paper Scrap price trends are likely to fall further going forward given the current consumption patterns.
 

Paper Scrap Price Trend for the First Half of 2023

The prices of paper scrap were supported by the high rates of exports from the US. The rates of export increased as the demand for paper scrap reached new highs in certain nations. In Thailand alone, the rise in the percentage incline in demand was almost around 120 percent.

In Asian countries, however, the demand for paper scrap fluctuated, especially during the second quarter of 2023. The traders expected a rise in demand for paper scrap in this quarter, but the packaging industry performed weakly, producing tepid demand and hampering the growth of sales amid the slump in the property market.

In the China region, the manufacturing units resumed their rates of production after the long stretch of COVID restrictions and the Lunar New Year holidays, but with low procurement from the downstream sectors both in the domestic and international regions, the prices of paper scrap suffered adversely.

Analyst Insight

According to Procurement Resource, the price trend of Paper Scrap is expected to showcase an oscillating trajectory owing to the fluctuating market demand and slow recovery from the aftereffects of the pandemic and geopolitical conflicts on the global markets.

Procurement Resource provides latest prices of Paper Scrap. 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.