Russian and Indian Suppliers Scale Up Packaging Paper Exports to China
Aug 16, 2021
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China’s imports of wrapping paper, packaging paper and paperboard reached the highest level ever, picking up by +54% to 892K tons in 2020. Russia, India and Vietnam constitute the largest suppliers to China. Last year, Russia and India boosted their exports to China threefold, while Vietnam saw a 58%-spike in terms of volume of exported products to China. In 2020, the average wrapping paper import price dropped by -24.1% y-o-y.