Coated Duplex Paperboard Price Trend and Forecast

Coated Duplex Paperboard Regional Price Overview

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

 

Coated Duplex Paperboard Price Trend for the First Half of 2024

In recent months, the price trend for Coated Duplex Paperboard in India has experienced a downward correction, reflecting the broader dynamics within the Indian paper industry. After initial growth in the first half of FY24, the paper market faced significant price adjustments due to softening global demand and reduced export activities. This trend has similarly impacted Coated Duplex Paperboard, a key material used in packaging and printing. The decline in exports has led to reduced demand for Coated Duplex Paperboard as well, especially from sectors like high-end pharmaceuticals that rely on specialized packaging.
 

Coated Duplex Paperboard Price Chart

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The global economic slowdown has exacerbated this decline, causing domestic producers to reconsider their pricing strategies to stay competitive amid a surge in imports, particularly from ASEAN countries benefiting from zero-import duties under a free trade agreement. This influx of cheaper imported products has pressured domestic prices and market sentiment, challenging the viability of many local mills. The market for Coated Duplex Paperboard, closely tied to the overall paper industry's performance, navigated a complex landscape of price adjustments and shifting demand patterns.

Analyst Insight

According to Procurement Resource, prices are expected to remain wavering for Coated Duplex Paperboard for the coming months as well; market correction will take time and strategic shifting towards imported products.
 

Coated Duplex Paperboard Price Trend for the Second Half of 2023

In the second half of 2023, the price trend for Coated Duplex Paperboard in China reflected ongoing challenges in the broader paper market, marked by sluggish demand and excess supply. As the traditional peak season for packaging failed to boost demand significantly, the market for Coated Duplex Paperboard, primarily used for packaging applications, remained under pressure. Weak industrial activity, slowing exports, and reduced retail sales growth contributed to lower demand for various paper grades, including Coated Duplex Paperboard.

Meanwhile, price reductions were seen across multiple segments of recycled and virgin fiber-based paper products, such as containerboard and kraft liner, due to the oversupply and muted market sentiment. The downturn in the broader paper market, characterized by price declines and production curtailments, influenced the Coated Duplex Paperboard market, similarly leading to markdowns and production adjustments. Overall, the price outlook for Coated Duplex Paperboard in H2'23 remained subdued, closely tied to the broader trends and economic conditions affecting the entire paper industry.

Analyst Insight

According to Procurement Resource, given the current supply and demand dynamics and the market uncertainties, the price trend is likely to fluctuate within a narrow range in the coming months as well.
 

Coated Duplex Paperboard Price Trend for the First Half of 2023

The price trend of coated duplex paperboard faced a southwards trajectory in the first and second quarters of 2023 as the cost of raw materials slid downwards consistently. The traders faced huge stocks of inventories, and to control them, they had to offer their products at a compromised rate.

In North America, the demand for coated duplex paperboard declined drastically, and with that, the region had to reduce its rates of imports from international producers, negatively impacting the trading sentiments of the coated duplex paperboard market.

The profit of many companies in North America declined by double digits during the first two quarters of 2023 as they started offering coated duplex paperboard at lower rates to keep the market of coated duplex paperboard afloat.

In addition to this, the global parameters indicate that in view of the rising challenges from the hike in the level of inflation, uncertain economic conditions and consistently rising rates of interest had resulted in the lowering of consumer appetite and their purchasing potential and thus have led to the decline in the prices of coated duplex paperboard in 2023.

Analyst Insight

According to Procurement Resource, the price of Coated Duplex Paperboard is estimated to follow a mixed trend as the demand from the downstream industries and direct consumers seems to be negatively affected by the globally weak economic conditions.

Procurement Resource provides latest prices of Coated Duplex Paperboard. 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.