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According to the agency, some paper mills have switched to cardboard production to meet the increased demand for packaging during the pandemic in online retailing. Other mills have shut down operations. This led to a one-fifth drop in paper production in 2020 compared to 2019.
Imports also fell by 9.7% in 2020.
Experts interviewed by the agency say the market will remain tight until 2023. According to Mark Groff, vice president of sales at print company Nahan, the average price of paper has increased by 16% this summer.
President of marketing company Polly Wong, estimates that due to paper shortages, companies are not ready for the approaching Christmas season.
Supermarkets in the US are setting limits on the purchase of toilet paper and paper towels.
source: bloomberg.com
Imports also fell by 9.7% in 2020.
Experts interviewed by the agency say the market will remain tight until 2023. According to Mark Groff, vice president of sales at print company Nahan, the average price of paper has increased by 16% this summer.
President of marketing company Polly Wong, estimates that due to paper shortages, companies are not ready for the approaching Christmas season.
Supermarkets in the US are setting limits on the purchase of toilet paper and paper towels.
source: bloomberg.com