GOOD NEWS FOR U.S.CONVERTERS

摘要

Following two years of negative growth in 2018 and 2019,folding carton shipments recorded an extraordinary growth rate in 2020 of 5.5% year-over-year.Prior to 2020,losses in shipments were largely the result of continued headwinds facing major processed food and consumer product companies.Exports of processed foods were challenged by the appreciation of the US dollar in 2015,which trickled down to recycled boxboard demand and folding carton shipments.In the past 10 years,folding carton shipments have seen persistent downward pressure and declined at an average annual rate of 0.6 %.Since the Great Recession,this trend was broken only three times:in 2014,2017 and 2020.In aggregate,even with the strong demand-pull in 2020,folding carton demand has eroded by 12.8% from its pre-recession peak in 2007.