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Forecast of China's paper products development trend in 2019, paper products imports may continue high growth trend
On September 30, 2018, the State Council Customs Tariff Commission issued the "Notice of the State Council Tariff Commission on Reducing Import Tariffs for Certain Commodities." Among them, the import tax rate of corrugated base paper, boxboard, some special paper base paper and paper products decreased from 7.5% to 6%. The decline in the import tax rate will boost China's paper and paperboard's rapid growth since 2017.
Since 2017, China's paper and paperboard imports have grown rapidly. Imports in January-July 2018 increased by 51.5% year-on-year.
In 2014, the import volume of paper and paperboard in China has shown a trend of increasing year by year. In 2017, this situation has become more and more prominent. According to China Customs statistics, China's paper and paperboard imports in 2017 were 4.75 million tons, a year-on-year increase of 60%. In January-July 2018, China's paper and paperboard imports were 3.64 million tons, a year-on-year increase of 51.5%.
Unlike the import quantity, the import amount has increased significantly in 2017. In 2017, the import value of paper and paperboard in China was US$4.322 billion, a year-on-year increase of 31.8%. The import value from January to July 2018 was 3.239 billion yuan, a growth rate of 23.5%.
From the comparison of the import quantity and import value of paper and paperboard in China in the year of 2018 with the same period of 2017, the rapid growth of 2017 continued in 2018. Except for February, the monthly import volume was higher than that of the previous year. The same period.
Declining tax rate or boosting China's paper and paperboard import scale continues its high growth since 2017
On September 30, 2018, the State Council Customs Tariff Commission issued the "Notice of the State Council Tariff Commission on Reducing Import Tariffs for Certain Commodities." Among all the 1585 tax items, the main related to the paper industry are corrugated paper, boxboard, some special paper base paper and paper products. The import tax rate has dropped from 7.5% to 6%. Other paper types, such as cultural paper, white cardboard and household paper, have no effect on this adjustment.
In addition to paper and paperboard and paper products, tariffs on pulp and papermaking equipment fell from 8.4% to 8%. China's paper machinery and equipment have been relatively high in foreign markets. Therefore, the tariff reduction of papermaking equipment is conducive to reducing investment costs for new projects and technical reforms in paper mills.
This time, the import tax rate of corrugated base paper, boxboard, some special paper base paper and paper products decreased from 7.5% to 6%, which is expected to continue to increase the import volume of packaging paper such as boxboard corrugated paper. Affected by this, China's paper products imports may continue to grow at a high level since 2017.
Henan Julong Paper Reprint 前瞻产业研究院