The U.S. recovered paper export market has experienced a significant downturn, with the value of exports between January and April 2024 dropping by 12% compared to the same period in 2023. This decline is part of a broader trend observed throughout 2023. Data from the U.S. Census Bureau and the Recycled Materials Association indicate that exports fell 15%, totaling just over 4 million metric tons, valued at approximately $808 million.
India, the largest importer, saw a 27.1% reduction, importing 689,781 metric tons. In contrast, Malaysia and Canada increased their imports by 81% and 45.4%, respectively. Other major importers like Thailand, Mexico, Vietnam, South Korea, China, Taiwan, and Indonesia reported decreases ranging from 9% to 51%.
The global market imported 38.2% fewer tons of U.S. recovered paper during this period. The ongoing decline in exports, continuing since 2021, raises concerns about the future trajectory of the U.S. recovered paper export market. In 2021, exports totaled 16.7 million metric tons, but by 2023, this had reduced to 13.1 million metric tons.
The second half of 2024 remains uncertain, with current trends suggesting continued challenges for the industry.
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